Answer and Explanation:
The journal entries are shown below:
For the month of January
Cash $480,000
To Mortgage Payable $480,000
(Being the mortgage payable is recorded)
For recording this we debited the cash as it increased the assets and credited the mortgage payable as it also increased the liabilities
For the month of February
Mortgage Payable $400
Interest Expense $4,000 {($480,000 × 10%) ÷ 12 months}
To Cash $4,400
(Being the cash paid is recorded)
For recording this we debited the mortgage payable and interest expense as it decreased the liabilities and increased the expenses and credited the cash as it decreased the assets
Now the balance left is
Beginning balance of Mortgage Payable $480,000
Less: February Deduction (400)
Ending Balance of Mortgage Payable $479,600
The most likely result of this price control would be that the <span>demand for bread will fall, which could result in an excess supply. his excess supply in the market would ultimately force the hand of the manufacturers to stop the production of bread. I hope that this is the answer that has come to your help.</span>
Answer:
$870,500
Explanation:
The computation of the snow plow should be recorded in the General Fund is shown below:
= The present value of the future lease payments + down payment at the inception of the lease
= $845,500 + 25,000
= $870,500
We simply added the above two items i.e present value and the down payment so that the correct amount could arrive
Uhh like any other job it varies but uhh on average I’d say about $50,000 a year. But it ranges from 15,000 to 120,000. And the average hourly pay is like $16-$25 and hour.
Hope this helps!
