The journal entry to record the payment of the note and entire interest on april 1, 2017 is as follows; Debit Notes Payable $4,000, Debit Interest Expense 120, Debit Interest Payable 40, <span>Credit Cash $4,160.
April 1,2017
Notes payable $4,000
Interest expense $120
Interest payable $40
Cash $4,160</span>
Answer:
Dr Land account 10,000
Cr Common Stock account 2,000
Cr Capital Paid in Excess of Par Value account 8,000
Whenever a company sells stock it must record the transaction under common stock account at par value (= 200 shares x $10 = $2,000). Any extra money received must be recorded as capital paid in excess of par value (= $10,000 - $2,000). The basis for the land that Jose Garcia contributes must be its fair market value ($10,000).
C) table ..
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Im not sure, sorry, I wish I could help
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. If the owner of Fido's Pet Supplies wants to know how much dry dog food to stock in her new location and on her customer questionnaire, the question that would be most likely to help her estimate her needs is this: <span> Does your dog prefer canned or dry food? Hope this helps.</span>
