Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

On April 1, 2013 a company lends a corporate customer $80,000 at 7% interest. The amount of interest revenue that should be recorded for the year ended December 31, 2013 is:

a) $5600,

b) $0,

c) $4200,

d) $1400

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M939187

Have any Question? 


Related Questions in Accounting Basics

Accrual accounting systemthe accrual accounting system is a

Accrual Accounting System The accrual accounting system is a standard system used by most businesses and is also the system used in the simulation. In relation to the rules of accrual accounting, consider the following q ...

Actg5210p assignment-sofias furniture sf makes residential

ACTG5210P Assignment- Sofia's Furniture ("SF") makes residential wet bar equipment from real wood and sells them through three sales outlets. The product line consists of two styles of bar stools, three styles of bar cou ...

Accounting information systems assignment-the processes of

ACCOUNTING INFORMATION SYSTEMS ASSIGNMENT- The processes of selecting an AIS/ERP to make informed decision for investment in accounting software. Assignment Scenario- B Bakery is a family owned firm with around 70 employ ...

Accounting assignmentyou are a business consultant

Accounting Assignment You are a business consultant providing information and advice to future small business owners. One difficult concept for your clients to understand is the concept of economic substance. Accountants ...

What is represented by the labeled lines connecting

What is represented by the labeled lines connecting entities in an REA diagram? Why are journals and ledgers not modeled in an REA diagram?

Project instructions-you have just been contracted as a

PROJECT INSTRUCTIONS- You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting ...

Question part one what are the differences between a direct

QUESTION PART ONE: What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be include ...

Case title subsequent events - disclosure or financial

Case Title: Subsequent Events - Disclosure or Financial Statement Adjustment? Company ABC is a December 31 calendar year-end manufacturer of flammable liquids and powders with its corporate offices in Pennsylvania and ma ...

Accounting paper-research a current article regarding

Accounting Paper- Research a current article regarding accounting in government. and write a summary of the article in 350 to 700 words applying concepts you've learned in this course to assessing the content of the arti ...

Q1 the following is a record of tiller corporations

Q1. The following is a record of Tiller Corporation's inventory transactions for the current month: January 1 Balance, 500 units @ $10 each January 5 Sale, 290 units @ $25 January 11 Purchase 300 units @ $12 each January ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate