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
I believe headaches or stomach cramps if the medicine does not cooperate with your body.
Read it. Had fun. Had happy. Had left.
Probably because it would cause chaos in the area on what to do for a solution.
Answer:
y = 156 when x = 12
Explanation:
<em>y</em> varies directly with <em>x</em>: y = kx
Step 1: Plug in variables
65 = 5k
Step 2: Solve for <em>k</em>
<em>k</em> = 13
Step 3: Plug in other variables (new)
y = 13(12)
y = 156
