Answer:
$3530.3541
Step-by-step explanation:
Given that:
Principal = 2200
Interest rate compounded annually (r) = 3%
Time (t) = 16 years
Using the compound interest formula :
A = P(1 + r/n)^n*t
A = final amount
n = number of times interest is applied per period
A = 2200(1 + 0.03)^16
A = 2200(1.03)^16
A = 2200 * 1.60470643909878751793
A = $3530.3541
Hence, amount in account on his 16th birthday will be $3530. 3541
Answer:
43.96
Step-by-step explanation:warning might be wrong
Answer:
Wages expense Dr ($900 × 3 days) $2,700
To wages payable $2,700
(being wages expense is recorded)
Step-by-step explanation:
The adjusting entry is as follows
Wages expense Dr ($900 × 3 days) $2,700
To wages payable $2,700
(being wages expense is recorded)
Here the wages expense is debited as it increased the expense and credited the wages payable as it also increased the liability
Since on Jan 26, it is friday so the remaining days would be 3
