Question: Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 49 On January 1, Year 1, Platte Corporation issues a 5-year note payable for

Simple MCQ question from Financial Accounting. Please solve it ASAP!!!
Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 49
On January 1, Year 1, Platte Corporation issues a 5-year note payable

QUESTION 49 On January 1, Year 1, Platte Corporation issues a 5-year note payable for $5,000. The interest rate is 5% and the annual payment of $1,156, due each December 31, includes both interest and principal. Which of the following shows the effect of the December 31. Year 1 payment? - Assets 01.156) B 11.156) 11.156) D 11.156 O Option A Stk. Equity NA (250) (1.155) Llab (1.156) (906) NA (906 Revenue NA NA NA NA Expense NA 250 1.156 - Stmt. of Cash Flows (1156)FA (905)/12500A 11.1560A (2505A Net Inc. NA (250) 11.156) 250 = (250) - O Options O Option Option D Hide QUESTION 50 On January 1, Year 1. Platte Corporation issues a 5-year note payable for $5,000. The Interest rate is 5% and the annual payment of 51.156, due each December 31, includes both interest and principal Which of the following correctly shows the effects of the December 31, Year 2 payment (rounded to the nearest whole dolar? Revenue NA - Stk. Equity (205) (250) (205) (205) Liab. (951) (906) (951) 1951) Net Inc. (205) (250) (205) (205 Assets (1,156) (1.156) (1.156) 11.156 Option A + Stmt. of Cash Flows (205)FA (906)FA (2500A (951)FA 20510A (205)OA NA B C. D - Expense 205 250 205 205 NA NA Option B Option Option

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