AA signed a note payable for the cleaning service provided by DD (principal: $10,000, interest rate 12%, time 3 months). At the end of the 1^st month, AA needs to record adjusting entries for accrued interest. How much is the accrued interest at the end of the 1^st month?

At the beginning of accounting period AA had beginning inventory of $10,000. At the end of this accounting period, AA found that they have $20,000 as ending inventory. During this accounting period, Cost of Goods Sold was $45,000. How much is inventory turnover ratio?

AA provided service ($60,000) to CC and received a note (Principal $60,000, interest rate 12%, time 2 months). At the end of the 1^st month, AA needs to record adjusting entries for accrued interest. The journal entry should be a debit [ Select ] ["Interest Expense $1,200", "Interest Expense $600", "Interest Receivable $600", "Interest Receivable $1,200"] and a credit [ Select ] ["Interest Payable $1,200", "Interest Payable $1,200", "Interest Income $1,200", "Interest Income $600"] .