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scoundrel [369]
3 years ago
11

Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill Co. signs a $455000, 6%, 9-month note. What is t

he adjusting entry req
Business
1 answer:
tigry1 [53]3 years ago
7 0

Answer and Explanation:

The adjusting entry is as follows

Interest Expense ($455,000 × 6% × 6 months ÷ 12 months) $13,650

         To Interest payable

(Being interest expense is recorded)

here the interest expense is debited as it increased the expenses and credited the interest payable as it also increased the liabilities

The six months is calculated from Jan 1 to June 30

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Hubert lives in San Diego and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars.
erica [24]

Answer:

Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.

Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.

In this case, we have the following explicit costs:

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5 0
3 years ago
match the name to the letter indicating the functional business area within the enterprise system finance
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Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels.

Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels. By tightly synchronizing their business operations, enterprise apps enable firms to become more adaptable and productive.

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brainly.com/question/28474768

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3 0
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In the last few weeks, Steve has stopped chatting with his coworkers during work. He takes short lunch breaks, and he is complet
diamong [38]
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3 years ago
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Mkey [24]

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Explanation:

5 0
3 years ago
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