Answer:c. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000.
Explanation:
The interest payable = Principal x Rate x Time (period)
= $100,000 x 12% x 4/12 ( September to December)
$100,000 x 0.12 x 1/3
$100,000 x 0.04
=$4000
Journal entry to record accrued interest at Year end for loan issued on sept 1st.
Date Account titles Debit Credit
Dec 31st Interest Receivable $4000
Interest Revenue $4000
The two correct options are:
peace, stability, and order.
new technologies and infrastructure.
Answer:
D) Store all chemicals in a well-lit, warm area
Hello there ☺️,
<em>Please check the attached image of the answer. </em>
<em>By </em><em>Benjemin</em> ☺️
Based on the balances given by Miller Properties, the amounts in the relevant accounts are:
- Income statement = $11 million.
- Balance sheet = $43.5 million.
- Statement of cashflows operating cash flow = $500,000.
- Statement of cashflows investing cash flow = $33 million.
<h3>What is the income statement balance?</h3>
= (Reported earnings - (Patent value / Number of years) ) / Marlon company outstanding shares
= (69 - (30 / 10) ) / 6
= $11 million
<h3>What is the balance sheet balance?</h3>
= Acquisition price + Equity income - Dividends declared by Marlon
= 33 + 11 - (3/6)
= $43.5 million
<h3>What is the operating cash flow ?</h3>
This is the cash dividend that Miller received from Marlon of:
= 3 / 6 million shares x 1 million
= $500,000
<h3>What is the investing cash flow?</h3>
This is the $33 million that Miller paid for Marlon company shares.
Find out more on operating cashflow at brainly.com/question/25530656.
