The answer is true because it need not coincide with the calendar of the week, but may begin on any day and at any hour of the day
Norming is the stage when a team becomes more cohesive and clarifies members' roles and responsibilities, team goals, and team processes
Answer:
Dr interest expense $2448
Dr interest payable $3060
Dr Notes payable $61,200
Cr cash($2448
+$3060
+$61,200) $ 66,708.00
Explanation:
The interest accrued at 31st December 2022 is interest for 5 months which is calculated thus:
interest as at 31st December=5/12*12%*61,200=$3060
On that interest expense would have been debited while interest payable is credited with $3060
On the due date, interest for another months need to computed as follows:
interest for four months=4/12*12%*61,200=$2448
C. Assembly line operations. Hope this helps!!
