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
Katen [24]
3 years ago
9

Harper Company lends Hewell Company $13,200 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ

ial statements on March 31. What adjusting entry should be made before the financial statements can be prepared? Select the correct answer.
Business
1 answer:
a_sh-v [17]3 years ago
6 0

Answer:

Explanation:

The journal entry is shown below:

Interest receivable A/c Dr $66

            To Interest revenue A/c $66

(Being accrued interest is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $13,200 × 6% × (1 months ÷ 12 months)

= $66

The one month is calculated from March 1 to March 31

You might be interested in
The leading and the lagging strands differ in that _____.
lesya692 [45]

Answer: Option (C)

Explanation:

The known key difference in between the leading and lagging strand can be described as that leading strand is referred to as DNA strand, that tends to  grows continuously during the process of DNA replication on the other hand  lagging strand is known as DNA strand, which tends to grow discontinuously by formulating the segments referred to as the Okazaki fragments.

3 0
3 years ago
You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on
VLD [36.1K]

Answer:1) Selective attention/comprehension.

Explanation: Information processing model is a model developed by cognitive psychologist to describe how humans manage Information,this model sees the human mind as a computer,it states that the human mind receives Information,stores and analyse it on a later time.

Selective attention is a concept in Psychology which describes the various steps or processes put in place to avoid unimportant, unnecessary and unwanted Information or Communication and focus fully on a selected Information or Communication.

8 0
3 years ago
One result of increased globalization is increased educational opportunities for women how has this affected their status in the
Kaylis [27]

Globalization has led to women occupying leadership positions in the country.

<h3>What is Globalization?</h3>

Globalization is the spread of information, people, technology and knowledge across national borders.

As a result of globalisation, women's rights are better recognised. This has led to an increase in the education of women. Women now have the choice of been homemakers or taking up leadership positions.

To learn more about globalization, please check: brainly.com/question/12646918

#SPJ4

8 0
2 years ago
Read 2 more answers
Which of the following best describes measures of immediate liquidity? The current ratio and the quick ratio will always have di
mr Goodwill [35]

Answer:

The current ratio reflects existing cash as well as amounts to be converted to cash in the normal operating cycle.

Explanation:

 As we know that

There are two liquidity ratios which is current ratio and quick ratio

The formula to compute each one is shown below:

Current ratio = Current assets ÷ Current liabilities

And, the quick ratio = Quick assets ÷ current liabilities

where,

Quick ratio = Current assets - inventory - prepaid expenses

By considering the two above ratios we could find the liquidity position of the ratio but the current ratio is the best as it includes all the items i,e to be required for it

4 0
3 years ago
_____ is the ability of a product or service to perform as expected under normal conditions.
Leona [35]
The Answer fam is.......... C) Reliability 
5 0
3 years ago
Other questions:
  • If you were given a large data set, such as the sales over the last year of our top 100 customers, what might you be able to do
    15·2 answers
  • Carrie recently received the Employee of the Year award at the call center where she works as a customer service representative.
    9·1 answer
  • Becky's Bakery sells three large muffins for every two small ones. A small muffin sells for $3.50 with a variable cost of $2.00.
    10·1 answer
  • A company had beginning inventory of 5 units that cost $10 each. During the month, 15 units were purchased for $11 each. The com
    9·1 answer
  • The Hylands Hotels are liquidating their partnership. Before selling the assets and paying liabilities, the capital balances for
    13·1 answer
  • The following stockholders' equity accounts were taken from the balance sheet of LAH Corporation as of December 31, 2019 Common
    10·1 answer
  • Using the direct method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced. It allocates
    9·1 answer
  • The first Photography Club dinner that was paid for in advance concluded at 10:00 pm on the last evening of the month. The Club'
    15·1 answer
  • What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000?
    14·2 answers
  • Which of the following is an objective of capital budgeting?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!