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Morgarella [4.7K]
3 years ago
11

Oye Anthony, ¿estás ahí Hru? Translated:Hey Anthony, are u there hru?

Advanced Placement (AP)
2 answers:
Licemer1 [7]3 years ago
8 0
What do u need help with
Sedbober [7]3 years ago
7 0
That correct! If you that what you had to do.
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A business issued a 90-day, 5% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculati
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Answer: See explanation

Explanation:

a. The Journal entries to record the issuance of the note will be:

Debit Accounts payable $10000

Credit Notes payable $10000

(To record the issuance of note to creditor)

b. The journal entry to record thehe payment of the note at maturity, including interest will be:

Debit Notes payable $10000

Debit Interest expense $125

Credit Cash $10000 + $125 = $10125

(To record the payment on the note on maturity.

Note:

Interest expense = $10000 × 5% × 90/360

= $10000 × 0.05 × 0.25

= $125

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Why europeans planters turn away from using indigenous peoples to Africans as slave labor
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