a) LO1 A $49,000, three-month, 12% note payable was issued on December 1, 2018. What is...

 

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a) LO1 A $49,000, three-month, 12% note payable was issued on December 1, 2018. What is the amount of accrued interest on December 31, 2018? (Do not round any intermediate calculations, and round your final answer to the nearest dollar). Show your calculation b) LO4. For the following situation, state the likelihood of a future event and state how the contingency will be reported? Company A estimates it will have to pay $85,000 in warranty repairs next year. a) LO1 A $49,000, three-month, 12% note payable was issued on December 1, 2018. What is the amount of accrued interest on December 31, 2018? (Do not round any intermediate calculations, and round your final answer to the nearest dollar). Show your calculation b) LO4. For the following situation, state the likelihood of a future event and state how the contingency will be reported? Company A estimates it will have to pay $85,000 in warranty repairs next year.

Answer rating: 100% (QA)

Answer I Accrued interest on dec 31 4900012112 490 An... View the full answer