Answer: See explanation
Explanation:
a. The Journal entries to record the issuance of the note will be:
Debit Accounts payable $10000
Credit Notes payable $10000
(To record the issuance of note to creditor)
b. The journal entry to record thehe payment of the note at maturity, including interest will be:
Debit Notes payable $10000
Debit Interest expense $125
Credit Cash $10000 + $125 = $10125
(To record the payment on the note on maturity.
Note:
Interest expense = $10000 × 5% × 90/360
= $10000 × 0.05 × 0.25
= $125
True
False
True
False
False
True
True
False
True
False
False
False
Answer:
1.Sana ay laksan pa ang internet connection natin dito sa pilipinas dahil sobrang hina.
2. Sana ay tanggalin ang mga buwaya o kurap na tao sa gobyerno.
Actually those do look correct which ones did you get wrong?
