Answer:
Explanation:
The journal entry is shown below:
Interest Expense A/c Dr $30,600
Note Payable A/c Dr $22,379
To Cash A/c $52,979
(Being payment of the first installment is recorded and the remaining balance is debited to note payable account)
The interest expense is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $340,000× 9% × (12 months ÷ 12 months)
= $30,600
Answer:
Explanation:
Bank reconciliation
Unadjusted book balance 16,216
Add: Debit memo for service 10
Less: Credit memo for int. earned 6
True cash balance 16,220
Unadjusted book balance 15,119
Add: Outstanding check 3,276
Less: Deposit in transit 2175
True cash balance 16,220
Answer:
Option D. 0.63
Explanation:
Equity ratio can be calculated by dividing Total equity and total
assets as given in the question
DATA
Total assets = $372,000
Total Equity and liabilities = $372,000
Solution
Total equity = total assets - total liabilities
Total equity = $372,000 - $93,000 - $44,000
Total equity = $ 235,000.
Equity Ratio = Total Equity / Total Asset.
Equity Ratio = $ 235,000 / $ 372,000
Equity Ratio = 0.63.
I believe it’s B it makes more sense
What you are going to do when you decide to include text to a blank slide layout is to just simply draw a text box and then enter text. The answer for this would be the second option. You can just drag in order to create a text box depends on the size of your preference. Hope this helps.
