Answer: See explanation
Explanation:
The general journal entries necessary to adjust the interest accounts at December 31 will be:
1. December 31:
Debit: Interest Expenses = $8,000 × 9% × 51/ 360 = $102
Credit: Interest payable = $102
(To accrue interest expenses for the note issued on November 10).
2. December 31:
Debit: Interest Expenses = $12,000 × 10% ×30/360 = $120
Credit: Interest payable = $120
(To accrue interest expenses for the note issued on December 1)
3. December 31:
Debit: Interest Expenses = $12,000 × 10% × 11/360 = $36.67
Credit: Interest payable = $36.67
(To accrue interest expenses for the note issued on December 20).
Installing a security system is an example of an improvement operating expense. Option B. This is further explained below.
<h3>What is security system?</h3>
Generally, a security system is simply defined as a system of security when someone attempts to break in, an electrical gadget sends off an alert.
inconclusion, An example of an improved operational expenditure is the installation of a security system.
Read more about security system
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Venture opportunity screening is a business term which means the evaluation or the assessment of an entity in the business perspective in terms of its potential to generat<span>e income and grow commercially. The index of assessment also includes current and future financial performance when placed in the current context. </span>
Answer:
The yield to maturity is 8.50%
Explanation:
The computation of the yield to maturity is shown below:
Given that
NPER = 8
PMT = $1,000 × 10.8% = $108
PV = $1,129.70
FV = $1,000
The formula is shown below:
= RATE(NPER,PMT,-PV,fV)
After applying the above formula, the yield to maturity is 8.50%
And, the same is to be considered
hence, the yield to maturity is 8.50%
