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  3. 25. a company places, for four months, $10,000 int

25. A company places, for four months, $10,000 into a money market account that is...

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Accounting

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25. A company places, for four months, $10,000 into a money market account that is expected to pay 9 percent annual interest, compounded monthly. After one month, the entry to record interest earned will include a [B] debit to Cash for $75 [A] credit to Interest Receivable for $75. D] debit to Interest Income for $75. [C] debit to Short-Term Investmnts for $75. Bank of Amonk computes interest semiannually. If the interest rate is currently 6 percent, the amount deposited today should be multiplied by which future value factor to calculate the amount that will accumulate by the end of 10 years? 26. [B] 20 periods at 3 percent [A] 20 periods at 12 percent D] 10 periods at 6 percent [C] 10 periods at 3 percent

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