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
REY [17]
3 years ago
13

On the first day of the fiscal year, Hawthorne Company obtained an $88,000, seven-year, 5% installment note from Sea Side Bank.

The note requires annual payments of $15,208, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $4,400 and principal repayment of $10,808. The journal entry Hawthorne would record to make the first annual payment due on the note would include a:
Business
2 answers:
Alex73 [517]3 years ago
5 0

Answer:

DR  - Interest expense - $4,400

Explanation:

DR  - Interest expense - $4,400

DR  - Notes payable     - $10,808

CR  - Bank/Cash           - $15,208

oksian1 [2.3K]3 years ago
5 0

Answer:

Notes Payable will be debited by $10,808

Interest expense will be debited by $4,400

Cash will be credited by $15,208

You might be interested in
LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task?
Fittoniya [83]

Answer:

collaboration

Explanation:

Supervisory skills is the ability to monitor work, duties been carried out to ensure they are successfully completed.

Conceptualization is the ability to create new ideas.

Resource planning is determining the resources needed to carry out a project.

I hope my answer helps you

7 0
4 years ago
On an application, what is a positive way to present an honest picture of yourself?
JulijaS [17]
C. say that you resigned from a job
7 0
3 years ago
Read 2 more answers
Is it surprising to you that a relatively small company like Sunny Delight could end up with so many different analytics tools?
shusha [124]

Answer:

See attached file

Explanation:

4 0
3 years ago
What is IKEA trying to achieve in the Global Market?
kirill [66]

Answer:

success and money

Explanation:

 

6 0
3 years ago
Which of the following is one of the three standard sections of a governmental comprehensive annual financial report?
HACTEHA [7]

Answer:

a) Statistical.

Explanation:

The three standard sections of  a governmental comprehensive annual financial report are:

  1. Introductory
  2. Financial: includes financial statements and notes
  3. Statistical: include statistical data about relevant financial information and trends, and how they relate to government activities
7 0
3 years ago
Other questions:
  • Adding _____ to a query specifies conditions that must be met for the values of the records to be returned by the query.
    7·2 answers
  • Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the
    12·1 answer
  • Who has the authority to issue professional liscenses?
    11·2 answers
  • In your research project on tourism, you must collect data before the tourist season ends because the project requires interview
    11·2 answers
  • What country first began to dismantle its welfare state? What was put in its place?
    8·1 answer
  • Why might individuals want to participate in the financial market?
    5·1 answer
  • Kong Inc. reported net income of $298,000 during 2018 and paid dividends of $26,000 on common stock. It also has 10,000 shares o
    11·1 answer
  • LinkedIn is an example of a(n).<br> app?
    8·1 answer
  • Levine Inc. is considering an investment that has an expected return of 15% and a standard deviation of 10%. What is the investm
    15·1 answer
  • Ritz​ Products's materials​ manager, Tej​ Dhakar, must determine whether to make or buy a new semiconductor for the wrist TV tha
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!