Wagner's Bookstore acquires a 6% $12,000 certificate of deposit on September 1 . The term of the CD is six months. At that time, all principal and accrued interest will be paid in cash. Indicate the effect on the financial statements at December 31
a. Interest Receivable increases $240, Interest Revenue increases $240
b. Interest Receivable increases $360, Interest Revenue increases $360
c. Interest Receivable increases $480, Interest Revenue increases $480
d. Interest Receivable increases $720, Interest Revenue increases $720
a
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The base case system evaluation is a variation of the test data method
Indicate whether the statement is true or false
Of a company's employees, 50 percent typically qualify to receive two weeks' paid vacation a year (50 weeks). The entry to record the estimated liability for vacation pay for a week in which the total payroll is $8,800 would be
A) Estimated Liability for Vacation Pay 352Cash 352 B) Vacation Pay Expense 704 Cash 704 C) Vacation Pay Expense 176 Estimated Liability for Vacation Pay 176 D) Cash 88 Estimated Liability for Vacation Pay 88
Explain how comprehensive allocation differs from partial allocation.
What will be an ideal response?
The GLED model assumes that a ______ process influences the relationship between the initial conditions and the outcomes that result.
Fill in the blank(s) with the appropriate word(s).