Answer:
Explanation:
The adjusting entries are shown below:
a. Unearned Fees A/c Dr $82,760
To Fees Earned A/c $82,760
(Being unearned fees are adjusted)
For recording the transactions we debited the unearned fees account and credited the fees earned account
b. Accounts Receivable A/c Dr $32,640
To Fees Earned A/c $32,640
(Being accrued fees recorded)
As the earned fees do not bill so we debited the account receivable account and credited the fees earned account
Answer:
He was a Democrat and he was also a major leader in the progressive health reform
Answer:
<u>Yes. </u>
Explanation:
How else are they going to make their money?
Answer:
$5,000
Explanation:
interest earned on the first coupon = ($120,000 x 5% x 6/12) - ($120,000 x 5% x 1/12) = $2,500
interests earned until October (for the $40,000) = $40,000 x 5% x 3/12 = $500
interests earned until December (for $80,000) = $80,000 x 5% x 6/12 = $2,000
total interest earned during the year = $2,500 + $500 + $2,000 = $5,000
Well 162,80 divided by 8,000 is 2.035 so thats going to be your answer hope this helps
