Cash Hash » Cash Hash » Cash Back » Interest-bearing notes payable with year-end adjustments?

  #1 ()
: Kwon Co. borrows $115,000 cash on December 1, 2011, by signing a 90-day, 9% note with a face value of $115,000.



(a)Prepare journal entries to record issuance of the note.

(b)Prepare journal entries to record accrual of interest at the end of 2011

(c)Prepare journal entries to record payment of the note at maturity
  Reply With Quote
  #2 ()
: title

Export of Electronics Hardware

category
business

descirpation
Export of Electronics goods and components from India during the year 2011-12 registered a growth of 5.51
percent (0.15 percent in US$ terms) over the year 2010-11. In value terms, export of electronics goods during
the year 2011-12 is estimated to be Rs. 42627 crore (US$ 8881 million) up from Rs. 40400 crore (US$ 8867 million)
estimated in the year 2010-11
  Reply With Quote
Sponsored Links


Bookmarks

Thread Tools
Display Modes


Similar Threads
thread
On January 1, 2010 A corporation issued a $5,000, 6 year, 7% bond payable (interest payable each Dec.31).? TvShows3 Cash Back 0 12-14-2013 05:01 PM
On October 1, paid off notes payable $110,000 (issued in 2010) and associated interest $5,000 (including $1,50? Adam Cash Back 1 10-03-2013 08:05 PM
Austin Co, issued 15,000,000 of 12 year, 12% bonds on May 1 of the current year, with interest payable May 1? TerribleTowels Cash Back 0 04-30-2013 12:01 AM
what is the inventoriable cost for the year? merchandise purchased of $909,400; interest on notes payable to v? ballerinababy130 Get Cash/ Cash Out 0 04-24-2012 11:06 AM
Murcia Corporation has $4,000,00 of 9.5%, 25 year bonds dated May 1, 2009, with interest payable on April 30 a? KJ103 Cash Management/ Cash Assistance 0 03-20-2012 07:05 AM