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
Radda [10]
3 years ago
15

JacksonJackson Bank lends JabbourJabbour Clothing Company ​$125 comma 000125,000 on September 1. JabbourJabbour signs a ​$125 co

mma 000125,000​, ​6%, six-month note. The journal entry made by JabbourJabbour on December​ 31, its fiscal​ year-end, is
Business
1 answer:
lara31 [8.8K]3 years ago
4 0

Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

           To Interest payable A/c $3,000

(Being interest is recorded)

The computation of the interest expense is shown below:

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

= $125,000 × 6% × (4 months ÷ 12 months)

= $2,500

The four-month is calculated from the September 1 to December 31

You might be interested in
DUE TODAY PLEASE HELP T^T
jonny [76]

Answer:

i think its true

Explanation:

5 0
3 years ago
Read 2 more answers
A resource is ______ if the number of firms that possess it is less than the number of firms required to reach a state of perfec
Savatey [412]

Answer:

Rare

Explanation:

hope this helps :)

5 0
3 years ago
How old is Jeff Kinney​
kramer

Answer:

48 born feb 19 1971

Explanation:

5 0
4 years ago
Read 2 more answers
What is trade and the examples​
bonufazy [111]

Answer

Trade is defined as the general marketplace of buying and selling goods, the way you make a living or the act of exchanging or buying and selling something. An example of trade is the tea trade where tea is imported from China and purchased in the US. An example of trade is when you work in sales.

pls do mark as brainliest...☺

7 0
3 years ago
What happens to the economy when the as curve shifts rightward?
GuDViN [60]
It means the country is producing more capital goods than the consumer goods.The economy of the country will rise along with the rise in capital goods
8 0
3 years ago
Other questions:
  • What will affect the size of your monthly mortgage payment
    6·1 answer
  • In california, there is a requirement to report annual and quarterly loan activities to the california bre, if, within the past
    14·1 answer
  • On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. that same company had assets o
    7·1 answer
  • Functional goals and strategies should be independent of divisional and corporate goals an strategies
    5·1 answer
  • Which wholesaler's channel function is demonstrated when a buyer receives quicker delivery because wholesalers are located close
    10·1 answer
  • When a firm grows larger, many additional layers of managers are sometimes added that do not actually produce any output. At the
    6·1 answer
  • Olivia is a part-time worker at a jam-producing company in her village. Her job entails plucking and cleaning grapefruits. Becau
    10·1 answer
  • Which country is home to the largest hydroelectric project in the world?
    7·1 answer
  • If a U.S. firm's expenses are more susceptible to exchange rate movements than revenue, the firm will ____ if the dollar ____. a
    12·1 answer
  • Carlos and Keisha have a monthly income of $25,000. They have monthly expenditures that total $30,000. What is TRUE about their
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!