Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 30, world co. borrowed $1,000,000 on

On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the...

90.2K

Verified Solution

Question

Accounting

On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200 when due on December 30. In its December 31, balance sheet, what amount should World report as note payable? $735,800 $750,000 $825,800 $758,300

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

Modern Artifacts can produce keepsakes that will be sold for $60 each. Nondepreciation fixed costs are...

Finance
Q

Superior Clamps, Inc., has a capital structure consisting of 8.4 million shares of common stock and 914,000...

Finance
Q

A) 17= 0.03x^2+0.56x+8.63 B) 4= 0.03x^2+0.56x+8.63 Solve for x

Basic Math
Q

Write an extended paragraph of about 200 words on the future of space travel that describes: •...

Physics
Q

You are dealt one card from a 52 card deck. Then the card is replaced...

Basic Math
Q

Determine whether the number used is a cardinal number or an ordinal number.Jim B. Brown...

Basic Math
Q

1 point Thirty students raised money by selling frozen pizzas In total 400 pizzas were...

Basic Math
Q

a. What is the purpose of the unified transfer tax credit? b. Is the same...

Accounting
Q

Formula: Add, Subtract; Cell Referencing Using Excel to Calculate Taxable Income of a...

Accounting
Q

Current Attempt in Progress Kevin Allen engaged in the following activities in establishing his photography...

Accounting
Q

Ivanhoe Company has a balance in its Accounts Payable control account of $8,290 on January...

Accounting
Q

Assuming that the equipment was sold on july 1, 2025, for $73,500, the sale of...

Accounting