The interest portion of a monthly loan payment is $427.93. If the interest rate is 6.875%, what is the current principal balance

What are the three duties of a central bank?

murzikaleks [220]

Conducting monetary policy

Supervising and regulating depository institutions

Maintaining the stability of the financial system

6 0

3 years ago

During the first month of operations, , Inc., completed the following transactions:

forsale [732]

Answer:

General Ledger

Jul 2

Cash $68,000 (debit)

Common Stock $68,000 (credit)

Cash received in exchange for common stock

Jul 3

Supplies $700 (debit)

Equipment $11,800 (debit)

Accounts Payable $12,500 (credit)

Supplies and Equipment purchased on credit

Jul 4

Cash $5,400 (debit)

Service Revenue $5,400 (credit)

Cash received for service rendered

Jul 7

Land $33,000 (debit)

Cash $33,000 (credit)

Cash paid for acquisition of Land

Jul 11

Accounts Receivable $4.100 (debit)

Service Revenue $4.100 (credit)

Service rendered on credit

Jul 16

Accounts Payable $11,800 (debit)

Cash $11,800 (credit)

Settlement of Account Receivable

Jul 17

Advertising Expense $570 (debit)

Cash $570 (credit)

Cash paid for Advertising

Jul 18

Cash $2,000 (debit)

Account Receivable $2,000 (credit)

Cash received from Account Receivable

Jul 22

Water and Electricity Expenses $400 (debit)

Cash $400 (credit)

Cash paid for utilities

Jul 29

Cash $2.700 (debit)

Service Revenue $2.700 (credit)

Cash received for Services Rendered

Jul 31

Salaries Expenses $2,300 (debit)

Cash $2,300 (credit)

Cash paid for Salaries

Jul 2

Dividends $2,500 (debit)

Cash $2,500 (credit)

Dividends paid in cash

Explanation:

See the Journals and narrations that i have prepared above.

4 0

4 years ago

ABC Partnership has the following capital balances and profit and loss percentages. A (50%) $100,000 B (30%) $200,000 C (20%) $3

AVprozaik [17]

Answer:

Answer:

$225,000

Explanation:

40 x 0.25 = 10% interest from Goodwill

Goodwill new interest = 30%

300,000(40%) x 30% = $225,000

Explanation:

8 0

3 years ago

Although you may not have received the e-mail we have been informed that the division head of the Finance Department is leaving

Orlov [11]

Answer:

B.

Explanation:

The sentence is too long and it is missing proper punctuations(like a comma). Reading it without punctuation does not provide room for breathing and therefore needs editing. It will be correct if framed like this; Although you may not have received the e-mail, we have been informed that the division head of the Finance Department is leaving at the end of the month. This sentence has a comma in the right place.

8 0

3 years ago

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t

nalin [4]

Answer:

a. Cash for $180

Explanation:

The receipts from the petty cash fund indicate that the owner of the box made purchases adding up to $177. Therefore that money is no longer part of the fund. Since the fund holds $200 and currently only has $20 then to replenish the account the journal entry would need to include a credit to cash for $180 ... ($200-$20=$180)

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago