Kelly jones and tami crawford borrowed $15,000 on a 7‐month, 8% note from gem state bank to open their business, jc's coffee house. the money was borrowed on june 1, 2017, and the note matures january 1, 2018. (a) prepare the entry to record the receipt of the funds from the loan. (b) prepare the entry to accrue the interest on june 30. (c) assuming adjusting entries are made at the end of each month, determine the balance in the interest payable account at december 31, 2017. (d) prepare the entry required on january 1, 2018, when the loan is paid back.

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $