Question: help with work so that i understand it clearly Best Buy sells a television to a customer for $1560 on account. Best Buy also collects

help with work so that i understand it clearly

Best Buy sells a television to a customer for $1560 on account. Best Buy also collects 7 percent sales tax. What is the increase to stockholders' equity? QUESTION 2 On Octobet 1, 2018. Milis Company borrowed $150000 cash on a one-year note that required Mils to pay 10 percent interest and $150000 principal, both on 5 eplember 30,2019 Assuming the note is paid when due in 2019 , what is the debit to interest payable when recording the payment of the note? QUESTION 3 Pearson Co issue its $144000 at a price of 96 , the stated rate is 6%, the bond term is 4 years, and the market rate is B\%. Assume the term of the bonds is 4 years. Using the straight line method of amortization, the interest expense in the 1st year will be 5

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