
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339 تمرين 5
Accounting for a note receivable
Lakeland Bank Trust Company lent $110,000 to Samantha Michael on a 90-day, 9% note.
Requirement
1. Journalize the following transactions for the bank (explanations are not required):
a. Lending the money on June 6.
b. Collecting the principal and interest at maturity. Specify the date. For the computation of interest, use a 360-day year.
Lakeland Bank Trust Company lent $110,000 to Samantha Michael on a 90-day, 9% note.
Requirement
1. Journalize the following transactions for the bank (explanations are not required):
a. Lending the money on June 6.
b. Collecting the principal and interest at maturity. Specify the date. For the computation of interest, use a 360-day year.
التوضيح
This exercise requires application of th...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
لماذا لم يعجبك هذا التمرين؟
أخرى 8 أحرف كحد أدنى و 255 حرفاً كحد أقصى
حرف 255

