one could be food im not really 
 
        
             
        
        
        
Answer:
The journal entry at the time when great adventures obtains the $30,000 loan is:
Account Title                       Debit            Credit
Cash                                     30,000
Notes Payable                                          30,000
The interest accrued at the end of each month would be:
30,000 * 6% = 1,800/12 = $ 150
Interest entry would be made at the end of each month to record the interest expense.
 
        
             
        
        
        
Answer:
The owner's equity be as of December 31, 20Y7 is $705
Explanation:
In this question, we apply the accounting equation which is given below
Total assets = Total liabilities + shareholder's equity
The question has said that the liabilities are decreased and the assets are increased. 
So, the new asset is = total assets + increased amount
                                  = $1,000 + $130
                                  = $1,130
And, So, the new liability is = total liabilities - decreased amount
                                  = $450 - $25
                                  = $425
So, the shareholder equity would be equal to
= $1,130 - $425
= $705
Hence, the owner's equity be as of December 31, 20Y7 is $705
 
        
             
        
        
        
Answer:
Please find the complete solution in the attached file.
Explanation:
 
        
             
        
        
        
Answer:
(a) update depreciation for 2018
Debit ; Depreciation $10,800
Credit Accumulated Depreciation  $10,800
(b) record the sale
Debit : Cash $12,960
Debit : Accumulated Depreciation $62,100
Credit : Profit and Loss $10,260
Credit : Equipment at Cost $64,800
Explanation:
(a) update depreciation for 2018
Recognize deprecation
(b) record the sale
Recognize proceeds from sale and profit or loss from sale