WebQuestion: On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $14,400. What is the adjusting entry for the accrued interest at December … WebAccounting questions and answers. On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $10,800 What is the maturity value of the note on …
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Web13 de nov. de 2024 · Answer: $27,900 Explanation: From the question, we are informed that on November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $27,000. The maturity value of the note on the note on March 1 will be the face value plus the interest. This will be: = $27,000 + [ ($27,000 × 10%)/360 × 120] = $27,000 + [ … WebOn November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $69,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the...
WebOn November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $36,000. Alan made the appropriate year-end accrual. What is the journal entry as of … Web6 de ago. de 2024 · On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $11,700. What is the adjusting entry for the accrued interest …
WebStudy with Quizlet and memorize flashcards containing terms like Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). … WebOn November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $9, 900. What is the adjusting entry for the accrued interest at December 31 on the note? …
WebA company had interest expense of $3,000, income before interest expense and income taxes of $16,000, and net income of $6,400. The company’s times interest earned ratio equals: Multiple Choice. 5.33. 2.50. 2.13. 0.47. 0.19. Question 44. On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $23,400.
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