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Deffense [45]
3 years ago
8

How much accrued interest should be reported on the payee's december 31 balance sheet on a $5,000, 8%, 9-month note receivable i

ssued on june 1?
Business
1 answer:
andre [41]3 years ago
6 0
$233.333 that is the accrued interest
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Are you dreaming of buying your own car, visiting a new city or learning a language— but aren’t sure how to get there? The key t
Alekssandra [29.7K]

Answer:

The steps to reaching your goals are:

Step 1: What is your goal?

Step 2: What is your why?

Step 3: What will it cost you?

Step 4: What is your action plan?

Step 5: How will you stick to the plan?

Explanation:

Step 1: What is your goal?

You have to be clear on what you want. Take for instance, you dream of buying your own car, write it down.

Step 2: What is your why?

State reasons why you need a car of your own. Is it for business runs or to aid your movement? you have to specify all the reasons.

Step 3: What will it cost you?

Do a market survey for best prices and car options.

Step 4: What is your action plan?

Can you afford it immediately or would you prefer to save up, pay in installments, etc

Step 5: How will you stick to the plan?

Give yourself targets according to your action plan and put yourself in check to ensure that you stick to the plan.

5 0
4 years ago
Molen Inc. has an outstanding issue of common stock with an annual dividend of $8.50 per share. The stock's annual dividend is e
Pavel [41]

Answer:

price stock sell today is $141.67

Explanation:

given data

annual dividend = $8.50

stock = 6.0%   = 0.06

to find out

what price stock sell today

solution

we know that here annual dividend  and stock rate

so will find stock sell today by given formula that is

stock sell today = annual dividend  / stock    .............1

put here all these value

stock sell today = annual dividend  / stock

stock sell today = 8.50  / 0.06

stock sell today = 141.67

so price stock sell today is $141.67

4 0
4 years ago
For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a
gulaghasi [49]

Answer:

The correct answer is:

a)  Unrecorded deposits : bank addition

b)  Interest on cash balance : book addition

c) Bank service charges : book subtraction

d) Debit memos : book subtraction

e) Outstanding Checks : bank subraction

f)  Credit memos : book addition

g) NSF checks : book subtraction

Do unrecorded deposits require an adjusting journal entry?  No

Does interest on cash balance require an adjusting journal entry?  Yes

Do bank service charges require an adjusting journal entry?  Yes

Do debit memos require an adjusting journal entry?  Yes

Do outstanding checks require an adjusting journal entry?  No

Do credit memos require an adjusting journal entry?  Yes

Do NSF checks require an adjusting journal entry?  Yes

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