On August 1 of the current year, Kyle Company borrowed $278,000 from the local bank. The loan was for 1 . months at 9 percent interest payable at the maturity date. The adjusting entry at the end of the fiscal year relating to this obligation would include a
a. debit to interest expense of $25,020.
b. debit to interest expense of $10,425.
c. credit to note payable of $10,425.
d. debit to interest receivable of $10,425.
B
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Which of the following is not an item added back to income in the operations section of the statement of cash flows when using the indirect presentation?
a. Depreciation b. Amortization of goodwill c. Increase in deferred income taxes d. Amortization of bond premium e. Amortization of patents
In a ______ conflict management strategy, the conflict may be won by any means necessary: argument, rank (position or authority), or a political exercise of power.
What will be an ideal response?
The high-low method
A) is not as accurate as other methods B) can be affected by the presence of outliers C) has the advantage of objectivity D) all of the answers are correct
Total flow time of all the jobs divided by the number of jobs gives the ______.
A. average processing time B. average job flow time C. average job tardiness D. average job setup time