subject
Business, 12.07.2019 21:10 johnisawesome999

On december 1, milton company borrowed $320,000, at 6% annual interest, from the tennessee national bank. interest is paid when the loan matures one year from the issue date. what is the adjusting entry for accruing interest that milton would need to make on december 31, the calendar year-end?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Agood for which demand increases as income rises is and a good for which demand increases as income falls is
Answers: 1
question
Business, 21.06.2019 22:30
Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be
Answers: 1
question
Business, 22.06.2019 05:00
Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal
Answers: 1
question
Business, 22.06.2019 06:00
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:
Answers: 2
You know the right answer?
On december 1, milton company borrowed $320,000, at 6% annual interest, from the tennessee national...
Questions
question
Mathematics, 25.11.2020 02:00
question
English, 25.11.2020 02:00
question
Mathematics, 25.11.2020 02:00
question
Spanish, 25.11.2020 02:00
question
Mathematics, 25.11.2020 02:00
question
Advanced Placement (AP), 25.11.2020 02:00
question
Mathematics, 25.11.2020 02:00
question
Mathematics, 25.11.2020 02:00
Questions on the website: 13722367