Answer:
Credit is the provision of money or bills, based on a loan agreement between the bank and another party that requires the borrower to carry out the amount of interest in return
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Answer:
science, technology, engineering, mathematics
Answer:
d. credit to supplies expense
Explanation:
A credit entry to an account that was debited in error is sufficient to reverse the error.
Answer:
$200,600
Explanation:
The total amount which is paid back with the accrued interest is shown below:
= Note payable + Accrued interest
where,
Note payable is $200,000
And, the accrued interest equals to
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $200,000 × 6% × (6 months ÷ 12 months)
= $600
The 6 months is calculated from November 1,2012 to May 1, 2013
Now put these values to the above formula
So, the value would equal to
= $200,000 + $600
= $200,600