on october 1, bonita carpet service borrows 359,000 from first national bank on a 3 month, 359,000,

Fantastic news! We've Found the answer you've been seeking!

Question:

on october 1, bonita carpet service borrows 359,000 from first national bank on a 3 month, 359,000, 8 note what entry must bonita carbet service make on december 31 before financiala statements are prepares

Related Book For answer-question

Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

See More Books

Posted Date: Oct 24, 2020 12:18 AM

See More Questions

First National Bank is a large municipal bank with several branch offices. The banks computer department handles all data processing for bank operations. In addition, the bank sells the computer...
Silmaril, Inc., borrowed $25,000 from First National Bank by issuing a three-year, 10% note dated July 1, 2011. Interest is payable semiannually on December 31 and June 30. The principal amount is to...
The first national bank pays a 4% interest rate compound continuously. The effective annual rate paid by the bank is __________. a. 4.16% b. 4.20% c. 4.08% d. 4.12%
Part A What is the value of the bond angles in CC14? Enter the bond angle of the molecule. degrees Submit Hints My Answers Give Up Review Part Part B What is the value of the smallest bond angle in...
We perceive a "green-hot" star not as green but as white. Why?
An unknown compound, X has the formula C6H12. (a) Calculate the degree of un-saturation of X. (b) X reacts with H2 in the presence of a catalyst to form a compound, Y, with the formula C6H14. What...
Can the project manager and the systems analyst be the same? Explain your answer.
Using the information from RE3-7, prepare Gold fingers closing entries for the current year. In RE3-7 Gold finger Corporation had account balances at the end of the current year as follows: sales...
A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 5 years remaining to maturity. If bond's current price $1, 179.65, what should be the YTM of this bond?
Reconstruct the following syllogistic forms and use the five rules for syllogisms to determine if they are valid from the Boolean standpoint, conditionally valid from the Aristotelian standpoint, or...
ni ari 6. If a system is designed to have backup servers and redundancy to ensure continuous operation, which aspect of the CIA triad is being emphasized? a) Confidentiality b) Integrity c)...
Consider the following Java code: int lowerLimit; try { System.out.println("Entering the try block."); if (lowerLimit < 100) throw new Exception ("Lower limit violation.");...
Suppose that under a rent subsidy the government will pay some specified proportion of the total rental price. Using an indifference map for "housing" (e.g. rooms of standard quality) and "all other...
What is the output of following Java program public class Point { int x; int y; public Point() { this.y = 10; this.x = 10; } public Point(int x) { this.x = 10; } public Point (int y) { this.y = 10; }...
How much energy does a pitcher transfer to a 0.15 kg baseball while throwing a 90 miles/hr fastball (40m/s)? You may assume air resistance to be negligible.
Consider the following Java code. private static void m(int[] a) throws ArrayIndexOutOfBoundsException { try { } for (int i = 0; i
If you were to use a database to manage your household, what kind of data do you think you might input and track? Describe a minimum of two categories?
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
The following information was drawn from the accounting records of Spartan Company as of December 31, 2010, before the temporary accounts had been closed. The Cash balance was $3,000, and Notes...
Farmer, Inc., was organized on June 5, 2010. It was authorized to issue 400,000 shares of $10 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock. The class A stock had...
The accountant for Lori's Dress Shop prepared the following cash budget. Lori's desires to maintain a cash cushion of $14,000 at the end of each month. Funds are assumed to be borrowed and repaid on...
Midwest Energy Group has issued preferred stocks ($10 par value) that pay 8 percent dividend annually. If the required rate of return is 15 percent, what is the value of the stock?
You are considering an investment in one of the preferred stocks of either Longines Watch Company or Titoni Watch Company. Longiness preferred stock pays an annual dividend of $$2.73,$ while that...
Calculate the value of Swatchs preferred stock that pays a dividend of $8 per share if your required rate of return is 14 percent.

on october 1, bonita carpet service borrows 359,000 from first national bank on a 3 month, 359,000,

Question:

Expert Answer:

Survey of Accounting

Students also viewed these accounting questions