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Scilla [17]
3 years ago
6

On the first day of the fiscal year, Hawthorne Company obtained an $88,000, 7-year, 5% installment note from Sea Side Bank. The

note requires annual payments of $15, 208, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $4, 400 and principal repayment of $10, 808. The journal entry Hawthorne would record to make the first annual payment due on the note would include a debit to cash for $15, 208 credit to notes payable for $10, 808 debit to interest expense for $4, 400 debit to notes payable for $15, 208
Business
1 answer:
olasank [31]3 years ago
4 0

Answer:

Debit to interest expense for $4, 400

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $4,400

Notes payable A/c Dr $10,808

         To Cash A/c $15,208

(Being the due payment is recorded)

For due payment, we debited the interest expense and the notes payable account and credited the cash account as cash is paid for the first annual payment due on the note

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Explain. Brainliest.
Rus_ich [418]
Alright, well look like this:

Public goods are goods that are open to anyone. They can’t turn down customers, and they can’t turn down even people who don’t pay.

Excludable goods means the people CAN turn away those who don’t pay. So, this is wrong.

Goods for a profit means that no matter what, they make money. Meaning those who can’t pay can still be turned away.

Privately owned goods can be turned away to and from anyone. This is also wrong.

Nonexcludable goods means that ANYONE can use this good or service, they aren’t for profit, they are non-rivalrous, etc. This is your answer.

<span>~Hope this helps!</span>

7 0
3 years ago
What is 5 x + 3 + 3x
elena-s [515]
5x + 3 + 3x = 8x + 3
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3 years ago
When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as _____.
sineoko [7]

When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as exclusive dealing.

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Exclusive dealing is normally described by using the state of affairs wherein the advertising outlet contains best the fabricated from one manufacturer in a particular product type. as an example, while McDonald's sells the handiest Coca-Cola, this is distinctive dealing.

Learn more about manufacturer here: brainly.com/question/25279292

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4 0
1 year ago
​in a buying center, the person who has the formal or informal power to choose or approve the selection of a supplier or brand i
Archy [21]
The answer is that the person is known as "decider".

<span>There are many people present in an organization or company who are involved in the purchase decision, these people together makes a buying center. In buying center all those people have their own roles and are known as according to their roles. such as, purchasers, users, initiators, evaluators etc.</span>
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3 years ago
MATCH each economist to his economic belief.
Georgia [21]

1. Friedrich von Hayek------------Less government intervention gives  people more economic freedom.


To Hayek, less government intervention implied more economic freedom. He trusted that when individuals are allowed to pick, the economy runs all the more proficiently. In the United States, the most grounded supporters of Hayek's thoughts were a gathering of business analysts at the University of Chicago. Known as the "Chicago School of Economics," this inexactly shaped, informal gathering of financial specialists was for the most part connected with free market libertarianism. The name alludes to financial specialists who got their tutoring in the Economics Department at the University of Chicago. To date, almost 50% of all Nobel Prizes in Economics have been won by analysts with connections to Chicago.  



2. Milton Friedman---------Government should not control the  money supply.


Milton Friedman saw the 1920s as years of indispensable and sustainable growth in the economy. Amid this period the Federal Reserve outstandingly extended the cash supply. This development was not reflected in an expansion in the normal cost level, on the grounds that fiscal powers were killed by simultaneous increments in efficiency.  



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5 0
2 years ago
Read 2 more answers
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