Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. yon company has a ders a. record these transaction

yon Company has a Ders a. Record these transactions in general journal form. b. Record...

80.2K

Verified Solution

Question

Accounting

image
yon Company has a Ders a. Record these transactions in general journal form. b. Record any adjusting entries for interest in general journal form. Lyon Com ber 31 year-end. 10-2A. Adjusting Entries for Interest At December 31, 2017, Eric Corporation had outstanding (notes 1 and 2). At December 31, 2018, Eric also had two notes (notes 3 and 4). These notes are described below: had two besports o notes payable outstan Date of Note Principal Amount Interest Rate Rate Numh Number of Day 11/16/2017 12/4/2017 December 31, 2017 Note 1......... Note 2......... December 31, 2018 Note 3................ Note 4................. $30,000 16,000 ............. 12/7/2018 12/21/2018 9,000 18,000 Required a. Prepare the adjusting entries for interest at December 31, 2017. b. Assume that the adjusting entries were made at December 31, 2017. Prepare the 2018 joumal entries to record payment of the notes that were outstanding at December 31, 2017 c. Prepare the adjusting entries for interest at December 31, 2018. 3A. Recording Payroll and Payroll Taxes Ruth Corporation had the following payroll for April: $36,000 Officers' salaries....... Sales salaries.......... 67,000 1900

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

Which of the following electronic transitions in hydrogen atom will require the largest amount o...

Physics
Q

3.     Kruger Industrial Smoothing has a target capital structure consisting of 30% debt, 5% preferred stock, and...

Finance
Q

1.- Describe how the radius and ulna attach to and rotate around the humerus when the...

Medical Sciences
Q

if a horizontal heated plate is divided up into sections, starting from the leading edge, which...

Mechanical Engineering
Q

The following are two independent situations. Situation 1 Marin Cosmetics acquired 10% of the 212,000 shares of...

Accounting
Q

What is the effect on a cosine function when k changes from 1 to 23...

Basic Math
Q

An investor has an account with stock from two different companies. Last year, his stock...

Basic Math
Q

Problem 4 Which of the following sequences converge 1 1 n i an n 6...

Calculus
Q

2. Evan Kristopher, CPA intends to use monetary unit sampling. He has...

Accounting
Q

b) from previous question... post journal entries. Continuing Cookie...

Accounting
Q

Elaine Case (single with no dependents) has the following transactions in 2017: $240,000 22,000 (8,000)...

Accounting
Q

Can you explain how to get mixed costs for October? Also can you explain how...

Accounting