1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dima020 [189]
2 years ago
9

On july 1, shady creek resort borrowed $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each jun

e 30 of $51,421. what is the journal entry to record the first annual payment
Business
1 answer:
Alina [70]2 years ago
4 0

The journal entry to record the first annual payment fot the loan to Shady Creek Resort is:

Date                      Account title                                  Debit          Credit

June, 30               Interest expense                        $27,000

                             Notes payable                             $24,421

                            Cash                                                               $51,421

<h3>How is the first annual payment recorded?</h3>

The interest expense is:

= 330,000 x 9%

= $27,000

Notes payable is:

= 51,421 - 27,000

= $24,421

Find out more on recording bond payments at brainly.com/question/16048929

#SPJ1

You might be interested in
Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (model TS111). Ray has esti
xeze [42]

Answer:

By using the EOQ model, ray should order 22.8 units or 23 units each time

Explanation:

Solution

Recall that:

Ray annual estimated demand for this model is = 1,050 units

The cost of one unit carry is =$105

He estimated each order costs  to place = $26

Now,

The EOQ  model= (2*annual demand*ordering cost/holding cost per unit per year)^.5

Thus,

EOQ = (2*1050*26/105)^.5

EOQ = 22.8 units or 23 units

6 0
4 years ago
It is important to think about your own views on leadership. What do you feel are the foundations of what makes a leader success
Anika [276]

Some of the fundamentals of leadership are character, empathy, and integrity. These are essential ingredients of that make a leader successful. From the list below the best perspective would be: "The best style of leadership depends on the situation."

<h3>What is leadership and why is it important?</h3>

Simply said, leadership involves taking chances and questioning the existing quo. Leaders inspire followers to take on new and improved goals.

Leading an organization's resources toward increased efficiency and goal attainment is a crucial management job. Clear objectives are provided by effective leaders, who also inspire and direct their teams to accomplish the organization's goals.

A competent leader will model appropriate behavior for their team members and foster passion for the task being done. Leaders that are accountable and modest will teach their followers how to act in similar ways. In the process, leaders may give team members a good sense of the corporate culture.

Learn more about leadership:
brainly.com/question/29452698
#SPJ1

4 0
1 year ago
Compared to a short-term investment, what is the general return of a long-term investment? A) A long-term investment has a simil
slavikrds [6]

Let understand that "short-term investment" are investments that can be easily converted to cash and has a maturity period of less than a year. Example of this investment are Money Market.

"Long term investment" are investment that runs over a long period of time and yield higher return than the short-term investment". Example of these investment are stocks, bonds, real estate

  • People invest in "Long term investment" because its offers more risk for higher rewards.

In conclusion, long-term investment has a greater return because it has greater risk.

Learn more about this here

<em>brainly.com/question/17681451</em>

8 0
3 years ago
Knowing how to report injuries/illnesses, seeing the annual summary, and what else are all worker rights related to injury and i
GREYUIT [131]
<span>Knowing how to report injuries/illnesses, seeing the annual summary, and reviewing the log are all worker rights related to injury and illness reporting for Osha. 
All of these three options are quite important when it comes to injury in the workplace.</span>
7 0
3 years ago
Please I need help on this Question! 10 POINTS***
poizon [28]

Answer:

I would say answer number 3. Debit cards access money in your account and credit cards are like a loan.

Explanation:

My reasoning for this is debit card you have the amount you put on it no more and no less. With credit cards you can use money that you do not have and you can pay it back later.

5 0
2 years ago
Other questions:
  • When creating a chart or graph, which should be completed first?
    15·1 answer
  • If Sal sends to Max a high priority e-mail message telling Max that his wife has just died, when in fact Sal knows this to be un
    12·1 answer
  • The ________ is a federal statute passed in 1990 that requires food manufacturers and processors to provide nutrition informatio
    6·1 answer
  • Jenny, a frequent jogger, sees a television ad for sports shoes that features a famous marathon runner. Viewing the ad makes her
    12·1 answer
  • Young Johnny inherited the only local cable TV company in town after his father passed away. The company is completely unregulat
    5·1 answer
  • Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million
    12·1 answer
  • The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra
    9·1 answer
  • Please and thank you
    13·2 answers
  • QUIZLET Brandon's computer shop is considering two different configuration options. The first one is to have each computer built
    12·1 answer
  • Investments can help a business increase productivity by:
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!