Dec 31
Dr Interest expense $72,000
Cr Interest Payable $72,000
($900,000*9%)
(Being to record the first year interest expense accrued)
<h3>What is Interest Payable? </h3>
Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.
In short, it represents the amount of interest currently owed to lenders.
<h3>Is interest payable an asset?</h3>
Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.
Learn more about interest payable here:
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Answer:
The correct answer is: they benefit by doing so.
Explanation:
Thanks to their interaction, human beings can satisfy their needs. People organize conveniently so their resources can be used to produce the goods and services they naturally demand -food, clothing, and shelter. This is the reason why governments must promote healthy living in societies so individuals can get the most of each other benefiting themselves.
The value of cars produced by a Japanese company are part of United States Gross Domestic Product (GDP) as long as the cars are produced in a factory located within U.S. territory.
The reason why is that GDP includes the final value of all goods and services produed within a country, during a specific period of time (usually a year). If the cars are produce in U.S. territory, they are counted as part of U.S. GDP, even if the company is from Japan or any other country.
Answer:
$6,500
Explanation:
outstanding common stock 40,000
outstanding preferred stock 13,000 stocks of 5%, $10
preferred stock dividends per year = 13,000 x 5% x $10 = $6,500
The company only paid $4,000 in dividends during 2019, but since the preferred stocks are non-cumulative, the remaining $2,500 will not be paid in 2020.
dividends paid during 2020 = $6,500
If the preferred stocks were cumulative, then the company would have paid $6,500 + $2,500 = $9,000 in 2020
Answer:
The correct answer is letter "B": storyboard.
Explanation:
A Storyboard is a graphic design of how a television commercial will be displayed. This design includes the core sequences that will be portrayed on the screen involving the message intended to be transmitted through the commercial. The storyboard includes illustrations as a form of a comic with interactions between the participants of the advertising.
