On the first day of the fiscal year, a company issues $65,000, 6%, five-year installmentnotes that have annual payments of $15,431. The first note payment consists of $3,900 of
interest and $11,531 of principal repayment.
a. Journalize the entry to record the issuance of the installment notes.
b. Journalize the first annual note payment.

Answers

Answer 1
Answer:

Answer:

Dr  cash      $65,000

Cr Notes payable              $65,000

repayment:

Dr Notes payable      $11,531

Dr interest expense  $3,900

Cr Cash                                        $15,431

Step-by-step explanation:

Upon the issuance of the notes,the cash received would be debited to cash account and the same amount credited to notes payable account.

The payment of $15,431 as annual repayment on the notes payable would be credited to cash account as an outflow of cash from the business while the notes payable and interest expense accounts would be debited with $11,531 and$3,900 respectively


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1) A 15 foot flagpole casts an 11 foot shadow. At the exact same time a 28 foot tree casts a shadow. Which proportion would correctly find the length of the tree's shadow? A) x 28 = 11 15 B) x 28 = 15 11 C) 28 x = 11 15 D) x 15 = 11 28

Answers

D

The model involves similar triangles with the ratios of corresponding sides being equal

let x be the length of the tree's shadow, then

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Answer:

D

Step-by-step explanation:

i went to K12

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Answers

Answer:

The answer is 77/16, but you can go much dipper if you want. By just simplify 77/16, in 4×13/16. And the final result will be 4.8125. Please if you find it helpful give me a like and rate me.

Answer:

it's 77/16  and just say Anna's answer is wrong.

Marcus likes Nike sneakers. He paid $195 for a sneaker that originally cost $245. What is the percent discount of his purchase?

Answers

Answer:

21%

Step-by-step explanation:

195 divided by 245 = 0.79 approximately

100-79=21

Always divide the small number by the big number for percentages

Good luck!

1/8 + 1/10 + 1/12 + 1/4

Answers

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you score 24 points in a basketball game. you make 9 shots how many three point shots and two point shots do you make

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The table of values shows the number of touchdown passes that a quarterback threw in each of his first five football games of the season.Game vs. Touchdown Passes
Game
Touchdown passes
1
3
2
1
3
3
4
2
5
3

Which would be a point on the scatterplot that represents touchdown passes based on these games played?
(1, 2)
(2, 4)
(3, 1)
(5, 3)

Answers

Answer:

D

Step-by-step explanation:

If x is the game number, and y is the amount of touchdown passes for that specific game number, then (5,3) represents the idea that the quarter back threw y = 3 touchdown passes for game number x = 5

So the answer is choice D. This is the only ordered pair that comes from the given table. Something like (2,4) isn't true because the quarterback threw 1 touchdown pass (not 4) in game two.

Answer:D

Step-by-step explanation: