Business, 27.11.2019 22:31 nakeakohler13

The following transactions took place for smart solutions inc.2017
a. july 1 loaned $74,000 to an employee of the company and received back a one-year, 9 percent note.
b. dec. 31 accrued interest on the note. 2018
c. july 1 received interest on the note. (no interest has been recorded since december 31.)
d. july 1 received principal on the note.
required:
prepare the journal entries that smart solutions inc. would record for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 19:40, biasmi70

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i. e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35

Answers: 2

continue

Business, 23.06.2019 04:20, hardwick744

What common business mistake can cost you everything

Answers: 1

continue

Business, 23.06.2019 12:50, adrian128383

Of the following combinations of financial instruments, which depicts the correct ranking of high to low risk (moving from left to right)? commercial paper; preferred stock; bankers' acceptances state & local government bonds; u. s. treasury bonds; aaa-rated corporate bonds common stock; leases; u. s. treasury notes preferred stock; common stock; u. s. treasury bills

Answers: 1

continue

Business, 23.06.2019 12:50, gonzalesalexiaouv1bg

Can you see any pitfalls or disadvantages to using feedly to organize your online content sources?

Answers: 1

continue

You know the right answer?

The following transactions took place for smart solutions inc.2017
a. july 1 loaned $74,000 to...