1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pav-90 [236]
2 years ago
10

On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will no

t be collected until March 1 of the following year. The company's annual accounting period ends on December 31, and adjustments are only made at year-end. The adjusting entry needed on December 31 is:
Business
1 answer:
allochka39001 [22]2 years ago
5 0

Answer:

Explanation:

The journal entry is shown below:

Interest receivable A/c Dr $1,000

                     To Interest revenue A/c $1,000

(Being accrued interest is recorded)

The computation of accrued interest is presented below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $100,000 × 6% × (2 months ÷ 12 months)

= $1,000

The 2 months is calculated from November 1 to December 31

You might be interested in
7. Farmer sells flour to a baker for RM2. The baker uses the flour to make bread, which is sold for RM3. What is the total contr
erica [24]

Answer: RM3

Explanation:

Gross domestic product has to do with the monetary value of the goods that are produced in a particular economy. In this case, the total contribution will be RM3 since it's the final amount that the bread is sold.

It should be noted that RM2 in this case is the intermediate good and should therefore bit be included so that there won't be an overstatement of the GDP and to prevent double counting.

8 0
3 years ago
As families move through the assessment and evaluation processes, do not change a child's care care routine curriculum.
victus00 [196]

<u>FALSE.</u>

As families move through the assessment or evaluation processes, adjust the child’s routine curriculum as new information emerges, and be willing to share your expertise.

In children, there is a compulsion to learn that comes from within. Every childcare facility needs a curriculum that will support every child's growth across all learning domains in order to lead their learning and help them attain their full potential.

Your centre's instructional mission can be articulated through a curriculum. It discusses your educational objectives (what you hope to achieve) and how you intend to go about achieving those objectives. What children will learn, how they will learn it, and how it will be measured will all be laid out in your curriculum. There are many theories on how children learn and grow, and most of them have been implemented in some form of schooling.

To know more about curriculum refer to:

brainly.com/question/17112325

#SPJ1

3 0
1 year ago
What are the two factors you should consider when choosing which target date fund is best for you?
Sati [7]

Answer:

Expenses and glide path are just two factors that investors should consider

Explanation:

please friend me

4 0
2 years ago
Prior to adjustment at August 31, Salary Expense has a debit balance of $322,200. Salaries owed but not paid as of the same date
Phantasy [73]

Explanation:

The Journal entry is shown below:-

a. Salary Expense Dr,             $2,550

          To salaries payable                $2,550

(Being accrual of salary is recorded)

b. Income summary Dr,           $324,750

        To Salary expense                    $324,750

($322,200 + $2,550)

(Being closing of salary expense is recorded)

4 0
3 years ago
Q1. As the economy nears the end of an expansion, which of the following typically occurs? A. Wages are usually rising faster th
vazorg [7]

Answer:

D

Explanation:

5 0
3 years ago
Other questions:
  • All of the following components are commonly found in rental housing agreements EXCEPT:
    8·2 answers
  • Sales revenue is​ $725,700; allocated manufacturing overhead is​ $95,100; actual manufacturing overhead is​ $120,500; and cost o
    14·1 answer
  • Which of the following deals with cost-benefit analysis?
    5·2 answers
  • As treasury secretary, Alexander Hamilton Select one: a. wanted to eliminate the national debt. b. opposed the federal governmen
    12·1 answer
  • If elodea is an aquatic plant, you can conclude that it releases which has into its environment as a result of photosynthesis?
    12·1 answer
  • The purchase and resale of treasury stock is normally recorded using the a.direct method. b.equity method. c.cost method. d.indi
    8·1 answer
  • After posting the journal entries to the ledger, what is the balance of the Cash account?
    12·1 answer
  • WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its
    6·1 answer
  • An analyst gathers the following information about Meyer, Inc.: Meyer has 1,000 shares of 8% cumulative preferred stock outstand
    9·1 answer
  • Why are labor unions able to negotiate effectively with companies where individual workers can't?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!