date description debit credit balance 1 6 2019 opening 20000 20000 1 7 2019 cash withdrawal 25000 45000 15 7 2019 cash deposit 50000 5000 15 8 2019 cash withdrawal 15000 10000 4 9 2019 cash deposit 7000 3000 30 9 2019 balance 3000 calculate the interest for months 6 ,7,8 , 9 P interset rate is 22 ...

Answer Calculation of Interest for January on daily basis Previous Curr ...

date description debit credit balance 1/6/2019 opening 20000 20000 1/7/2019 cash withdrawal 25000 45000 15/7/2019 cash...

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

Question:

datedescription debit credit balance1/6/2019 opening20000200001/7/2019 cash withdrawal 250004500015/7/2019 cash deposi

Related Book For answer-question

Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

See More Books

Posted Date: Mar 07, 2022 01:37 AM

See More Questions

Calculate the interest for the following: a. $15,000 2% 2 years b. $22,000 12% 7 months c. $12,000 20% 45 days
Calculate the interest for the following: a. $18,000 1% 3 years b. $24,000 11% 10 months c. $10,000 18% 125 days
Calculate the interest for a Note of $7,000 with the interest of 700 for 105 days Use 365 days as the denominator.
Kim Corporation, a calendar year taxpayer, has manufacturing facilities in States A and B. A summary of Kims property holdings follows. Determine Kims property factors for the two states assuming...
Use the following information to calculate the cost of goods sold for The Eaton Company for the month of June: Finished Goods Inventory: Beginning Balance.......$ 32,000 Ending Balance............
Suppose we have the following requirements for a university database that is used to keep track of students' transcripts: (a) The university keeps track of each student's name (SNAME), student number...
How many years will it take for your savings account to accumulate $\$ 1,000,000$ if it pays $4 \%$ interest per annum compounded semiannually and you deposit $\$ 10,000$ every 6 -months at the end...
Rework in job costing, journal entry (continuation of 18-35). Assume that the 5 spoiled units of Whitefish Machine Shops Job #10 can be reworked for a total cost $1,800. A total cost of $5,000...
How do cognitive biases, such as confirmation bias and anchoring, impact decision-making during conflict resolution, and what strategies can be employed to mitigate their effects and promote more...
Your client, Schroeder Manufacturing Co., provided the following schedule of property, plant, and equipment for the year ended June 30, 2019. Balances have been agreed to the general ledger. As part...
A 500 kg circular disc is supported by three cables as shown in the figure below. The weight of cables and rings is negligible. Determine the tension in the AB, AC and AD cables. K B 60 30 N 9 m 4,5...
TED talk about finding the confidence within by Caroline Goyder. Choose two points about communicating with confidence found in the video that resonates with you in relation to your journey as a...
Why is it essential to also take into account popular music, folklore, jazz and non-Western music, among other musical genres, for the study of academic (or classical) music of the 20th century?
Throughout the 19th century, what social factor allowed composers to have more freedom to compose and experiment according to their personal tastes?
Find a BAD data visualization online (this should be a real visualization based on real data, not a made-up example). What is the communication objective for the visualization? What makes it...
The logging and monitoring of security events are two elements of a single process that is critical to the upkeep of safe infrastructure. Every action in your environment is a security event, from...
a) Determine the magnitude P of the force which the man must exert perpendicular to the handle of the washer in order to loss contact at the front support B. Note the man prevent the movement of the...
If M = 7, s = 2, and X = 9.5, what is z?
Prepare a purchases ledger control account from the following information for January 2015.. Purchases ledger balances (credit) at 1 January 2015 33 549 Total of purchases journal for January 2015 52...
Patrice has sold machinery for $2000. The machinery was purchased two years ago for $3600. Patrice depreciates his machinery at 20 per cent per annum using the reducing-balance method of...
Prepare a bank reconciliation statement from the following information, clearly identifying the balance as per the bank statement. Credit balance as per cash book 1912.86 Unpresented cheques...
What are the numbers of observations in each of the five categories that rate the respondents level of job satisfaction?
Which of the seven store departments had the most customer visits, and what was this number?
How many individuals are in each of the five different credit card categories?

date description debit credit balance 1/6/2019 opening 20000 20000 1/7/2019 cash withdrawal 25000 45000 15/7/2019 cash...

Question:

Expert Answer:

Answer Calculation of Interest for January on daily basis Previous Curr... View the full answer

Accounting For Cambridge International AS And A Level

Students also viewed these accounting questions