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ANTONII [103]
3 years ago
11

Which journal entry below would be properly used to record an issuance of an installment note (borrowing money) from first bank

on january 1 of this year. the principal of the note is $50,000, interest rate is 7%, terms of the note 5 years, annual payment $12,195?
Business
1 answer:
Drupady [299]3 years ago
8 0
Principal of the note
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The answer will be 150 dollars
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4 years ago
Glenn sells a piece of equipment used in his business for $31,500 during 2019. The equipment was purchased on July 1, 2017, at a
Schach [20]

Answer:

A gain of $16,100

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

The carrying amount of an asset is the difference between the cost of the asset and the accumulated depreciation of the asset.

Carrying amount

= $22,000 - $6,600

= $15,400

Gain/(loss) on sale of asset

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6 0
4 years ago
Of the last 100 customers entering a computer shop, 25 have purchased a computer. If the classical method for computing probabil
nlexa [21]

Answer:

correct option is b.0.50

Explanation:

given data

computer shop = 100 customers

purchased computer = 25

solution

we know that past data does not affect the probability of next outcome

so when they buying computer or net

so here

probability of customer buy computer is = \frac{1}{2}  = 0.5

and

probability of customer not buy computer is = \frac{1}{2}  = 0.5

so here chance of buying as they buying or not buying is 50 %

so correct option is b.0.50

3 0
3 years ago
Item4 eBookPrintReferencesCheck my workCheck My Work button is now disabledItem 4 Lanson Corporation Co.'s trial balance include
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Answer:

$41,600

Explanation:

Calculation for What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet

Accounts payable $25,200

Add Salaries payable $16,400

December 31, 2021, balance sheet current liabilities $41,600

($25,200+$16,400)

Therefore the amount that should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet will be $41,600

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3 years ago
Develop an argument for why a cosmetics manufacturer should build and maintain an ethical climate
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7 0
3 years ago
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