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Flura [38]
3 years ago
14

Vaughn Manufacturing lends Wildhorse Co. $51600 on April 1, accepting a four-month, 6% interest note. Vaughn Manufacturing prepa

res financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer: See explanation

Explanation:

Based on the scenario in the question, there will be a debit to interest receivable in the amount of:

= $51600 × 6%/12

= $51600 × 0.06/12

= $51600 × 0.005

= $280

Interest revenue will also be credited in the amount of $280

Debit: Interest receivable $280

Credit: Interest revenue $280

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Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

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Now, we calculate the net income she would receive, if she didn't go to the college:

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3 years ago
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zzz [600]

Answer:

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Explanation:

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3 years ago
the study of the emperors dead body to determine the cause of julius ceasars death is an example of ???
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without context this sounds like the answer is forensic science.

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Advocard [28]

Answer and Explanation:

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Which phrase describes the substitution effect?
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I think it is 
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I hope this helps </span>
8 0
3 years ago
Read 2 more answers
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