On January 1, Year 1 a company borrowed $70,000 cash by signing a 9% installment note that is to be repaid with 4 annual year-end payments of $21,607, the first of which is due on 104 Copyright ©2018 McGraw-Hill December 31, Year 1.
(a) Prepare the company's journal entry to record the note's issuance.
(b) Prepare the journal entries to record the first and second installment payments.
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Answer the following statements true (T) or false (F)
The income statement for Eideldown, Inc. is divided by its two product lines, blankets and pillows, as follows:
If total fixed costs remain unchanged and Eideldown, Inc. drops the pillows line, operating income will decrease by $270,000.
What do most developers say about using a GOTO statement? Why?
What will be an ideal response?
A covenant not to compete is enforceable against an employee (except in California and North Dakota) if:
a. It is filed as a public record. b. It is reasonable in time and geographic scope. c. It is no longer than six months. d. It is entered into under threat of termination.
The best translation for the Test Score variable above would be…
a. a histogram
b. a bar chart
c. a scatterplot
d. a pie chart