Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 1, 2016, your company lent $45,000 to

On September 1, 2016, Your Company lent $45,000 to Ace Company. It is a one...

50.1K

Verified Solution

Question

Accounting

On September 1, 2016, Your Company lent $45,000 to Ace Company. It is a one year loan and bears interest at 2.5%. How much income is accrued for 2016? ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

square you will need to undo a squared term at some point How is this...

Algebra
Q

A sample of 15 measurements, randomly selected from a normally distributed population, resulted in a sample...

Basic Math
Q

Explain the role of regular physical activity and its effect on healthy aging. Also, explain how...

Medical Sciences
Q

What is the appropriate hard copy sig abbreviation be for "Take 1 tablet by mouth...

Biology
Q

Let U 0 1 2 3 4 5 6 7 8 A 1 2 3...

Calculus
Q

A car rental company offers two plans for renting a car 30 per day and...

Algebra
Q

Simplify the expression 8y9 2 92

Algebra
Q

Question list vucouvir iv Question 11 Question 12 Requirement 1. Given the preceding information,...

Accounting
Q

QUESTION 6 Unrealized gains and losses on trading securities are not included in the calculation...

Accounting
Q

Explain fully reasons why auditors prepare working papers

Accounting
Q

1. Henry is the CEO of a paper company in Cincinnati, OH. Up until the...

Finance
Q

The formula to compute annual straight-line depreciation is: ???

Accounting