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Maslowich
3 years ago
11

Mama's Pizza Shoppe borrowed $8,000 at 9% interest on May 1, 2018, with principal and interest due on October 31, 2019. The comp

any's fiscal year ends June 30, 2018. What adjusting entry is necessary on June 30, 2018?
Business
1 answer:
Luden [163]3 years ago
5 0

Answer:

Explanation:

First, we have to compute the accrued interest amount, then only the adjustment entry would be made.

So,

Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)

= $8,000 × 12% × 2 ÷ 12

= $160

The two months is calculated from May 1, 2018 to June 30, 2018

Now, we pass the adjustment entry which is shown below:

Accrued interest expenses A/C Dr

   To Interest payable

(Being adjustment entry of accrued interest is recorded)

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In 2020, Neighbor Co-Op Inc. sells 1,000 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold
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a.

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Date                      Account Title                                    Debit                Credit

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3 years ago
If the amount of variability due to within group differences is equal to the amount of variability due to between group differen
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If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

<h3>What is the F value?</h3>

In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.

The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.

In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

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2 years ago
The publisher is __________. The publishing date is __________. The author is __________.
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7 0
3 years ago
Read 2 more answers
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