1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brut [27]
3 years ago
8

On October 1, 2014, Dakota Company issued an $800,000, 10%, nine-month interest-bearing note. If the Dakota Company is preparing

financial statements at December 31, 2014, the adjusting entry for accrued interest will include
Business
1 answer:
uysha [10]3 years ago
5 0

Based on the information given the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.

The appropriate adjusting entry to record the given transaction is:

Dakota Company journal entry

December 31, 2014

Debit Interest Expense

Credit Interest Payable $20,000

($800,000×10%×3/12)

(To record accrued interest)

Inconclusion  the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.

Learn more about adjusting entry here:brainly.com/question/13933471

You might be interested in
Criminal law defines crimes, establishes punishments, and includes payment for personal injury.
FromTheMoon [43]

Answer:

t

Explanation:

the letter t is cool

5 0
3 years ago
When Creating a<br> website what is the purpose of a homepage
7nadin3 [17]
Meanwhile, other websites utilise the homepage to attract users to create an account.
6 0
4 years ago
A couple bought some stock for $30 per share that pays an annual dividend of $0.60 per share. After 2 years the price of the sto
Archy [21]

Answer:

Return on Investment  is 12%.

Explanation:

Net income = Dividend = $0.60

Current Value = $33

Original Value = #30

Formula for Return on Investment:

Return on Investment = (Net Income + (Current Value - Original Value)) / Original Value x 100

ROI = (($0.60 + ( $33 - $30 ) ) / $30 ) x 100

ROI = (($0.60 + $3 ) / $30 ) x 100

ROI = ( $3.60 / $30 ) x 100

ROI = 0.12 x 100

ROI = 12%

So Return on Investment is 12% for the given investment.

7 0
4 years ago
Activity-based costing allocates selling and administrative expenses a.based on sales volume in dollars. b.in accordance with GA
ollegr [7]

Based on how each product consumes activities, activity-based costing allocates selling and administrative expenses. Hence, Option D is the correct statement.

<h3>What do you understand by Activity-based costing?</h3>

A costing technique that identifies activities in an organization and assigns the cost of every activity to all services and products in line with the real consumption via way of means of each is referred to as Activity-based costing.

This version of the costing technique assigns greater indirect costs into direct fees as compared to traditional costing.

Hence, Based on how each product consumes activities, Activity-based costing allocates selling and administrative expenses. Option D is the correct statement.

learn more about Activity-based costing:

brainly.com/question/6654166

#SPJ1

5 0
2 years ago
Gentle Ben's Bar and Restaurant uses 6,400 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottl
Sauron [17]

Answer: 523.72 units

Explanation:

Economic Order Quantity = √( 2 * Annual Demand * Order Cost/ holding cost)

holding cost = 35% * Purchase price

= 35% * 4

= $1.40

EOQ = √( 2 * 6,400 * 30/ 1.40)

= 523.72 units

6 0
3 years ago
Other questions:
  • A small cruising ship that can hold up to 64 people provides three-day excursions to groups of 40 or more. if the group contains
    6·1 answer
  • The purpose of a tickler file is to        A. help you cross-reference papers filed in more than one place.   B. remind you of t
    12·1 answer
  • By offering delivery of a large, heavy product, a company can improve the products for the consumer
    8·2 answers
  • The chair of the Federal Reserve Bank spoke to the American public. The message she conveyed is that Fed economists are worried
    6·1 answer
  • Which of the following is not a purpose of adjusting entries? a. To establish the proper amounts of assets and liabilities in th
    7·1 answer
  • Help me please... help
    12·2 answers
  • Carson is a college freshman and wants to build his credit score so that, when he graduates at age 22, it's easier for him to re
    9·1 answer
  • Although the use of DDT was banned in the United States in 1972, a test of the body tissue of an average United States resident
    9·1 answer
  • The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows.
    5·1 answer
  • Which of the following borrowing options would cost her the least? Credit card. Personal loan at bank. Student loan. Payday loan
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!