On the last day of August, Broadway Company borrowed $120,000 on a bank note for 60 days
Question:
(1) August 31, recording of note;
(2) October 30, payment of note plus interest. (Round to the nearest cent.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 Aug 31 Cash 12000000 Notes Payable 12000000 Bank loan for 60 days at 10 percent interes...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
3+ Reviews
10+ Question Solved
Related Book For 
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
