subject
Business, 07.08.2019 02:30 kristieroth1

On the first day of the fiscal year, hawthorne company obtained an $88,000, 7-year, 5% installment note from sea side bank. the note requires annual payments of $15,208, with the first payment occurring on the last day of the fiscal year. the first payment consists of interest of $4,400 and principal repayment of $10,808. the journal entry hawthorne would record to make the first annual payment due on the note would include a a. debit to cash for $15,208 b. debit to interest expense for $4,400 c. debit to notes payable for $15,208 d. credit to notes payable for $10,808

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 13:50, kaidencearley
Which of the following pairs is most similar to each other?
Answers: 2
image
Business, 22.06.2019 09:30, ameliaduxha7
What are two benefits of consumer programs
Answers: 2
image
Business, 22.06.2019 19:00, jediDR
Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
Answers: 2
image
Business, 23.06.2019 00:00, kyledsmith18
In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?
Answers: 2
You know the right answer?
On the first day of the fiscal year, hawthorne company obtained an $88,000, 7-year, 5% installment n...

Questions in other subjects:

Konu
History, 24.02.2021 14:00
Konu
World Languages, 24.02.2021 14:00
Konu
English, 24.02.2021 14:00
Konu
History, 24.02.2021 14:00
Konu
Biology, 24.02.2021 14:00