Interest-bearing note transactions On November 7, 2018, Mura Company borrows $140,000 cash by signing a 90-day, 10% note payable with a face value of $140,000.

1. Compute the accrued interest payable on December 31, 2018.

Principal xRate (%) xTime =Interest
Total Through Maturity 160,000 8 90/360 3,200
Year end interest accrual 160,000 8 54/360 1,920
Interest Recognized Feb. 5 160,000 8 4/360 1,280

Prepare the journal entry to record the accrued interest expense at December 31, 2017 and payment of the note at maturity
Record the accrued interest expense.

2. Dec. 31, 2017
3. Feb 05, 2018

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a. anne is a qualifying child of catherine. b.anne is not a qualifying child of catherine because she fails the gross income test. c.anne is not a qualifying child of catherine because she fails the residence test. d.anne is not a qualifying child of catherine because she fails the support test.

The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.