Business, 21.06.2020 01:57, maayajskkcc
Crane Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31.
Nov. 1 Loaned $59,400 cash to C. Bohr on a 12-month, 7% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 9% note.
16 Received a $16,800, 180-day, 11% note to settle an open account from A. Murdock.
31 Accrued interest revenue on all notes receivable.
Journalize the transactions for Crane Company.
Answers: 1
Business, 22.06.2019 20:20, tytybruce2
Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?
Answers: 3
Business, 23.06.2019 20:00, loudenalexisp56lp0
Harveys corporation borrowed $60,000 from the bank on november 1, 2014. the note had a 6 percent annual rate of interest and matured on april 30, 2015. interest and principal were paid in cash on the maturity date. required a. what amount of interest expense was paid in cash in 2014?
Answers: 1
Crane Co. has the following transactions related to notes receivable during the last 2 months of the...
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