On may 1, year 1, benz’s sandwich shop loaned $18,000 to mark henry for one year at 9 percent interest. required a. what is benz’s interest income for year 1? b. what is benz’s total amount of receivables at december 31, year 1? c. how will the loan and interest be reported on benz’s year 1 statement of cash flows? d. what is benz’s interest income for year 2? e. what is the total amount of cash that benz’s will collect in year 2 from mark henry? f. how will the loan and interest be reported on benz’s year 2 statement of cash flows? g. what is the total amount of interest that benz’s earned on the loan to mark henry?

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.