Answer:
Note = $5,000
Interest rate = 6%
Time period = 120 days
The journal entry is as follows:
On July 12,
Account receivable A/c Dr. $5,100
To Notes receivable $5,000
To Interest revenue $100
(To record note dishonor)
Workings:
Interest revenue = $5,000 × 0.06 × (120÷360)
= $100
Answer:
Explanation:
final loan amount = $18,455.86
so correct option is c. $18,455.86
Explanation:
given data
loan = $18000
rate = 10%
time = 3 months
to find out
total amount that Rahul owes the bank at the end of the loan
solution
we know that number of day in 3 months is
number of day = 3 ×
number of day = 91.25 days
loan rate =
loan load = 0.00027397
now final loan amount will be
final loan amount = loan amount ×
final loan amount = $18000 ×
final loan amount = $18,455.86
so correct option is c. $18,455.86
Answer:
Satrted 36000
Explanation:
opening units = 9300
Satrted 36000
45300
Transferred 38000
Closing 7300
Here is the quation
Opning units+Started-Transferred = Closing units
Now put the values in equation
9300+Started-38000=7300
Started+28700=7300
Transfer the -28700 to left of the equation and change the sign in + due to transfer
Started =7300+28700
Started =36000