E10.4 (lo 1), ap c. s. lewis company had the following transactions involving notes payable. prepare entries for interest-bearing notes. july 1, 2022 borrows $50,000 from first national bank by signing a 9-month, 8% note. nov. 1, 2022 borrows $60,000 from lyon county state bank by signing a 3-month, 6% note. dec. 31, 2022 prepares adjusting entries. feb. 1, 2023 pays principal and interest to lyon county state bank. apr. 1, 2023 pays principal and interest to first national bank.

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

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Why do police officers get paid less than professional baseball players?