how would these entries look for the end of the year journal entries A...
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how would these entries look for the end of the year journal entries
A year-end inventory of the office supplies showed a balance of $4,500. In 2009, Grady borrowed $500,000 to expand their operations. The note is due on October 1, 2012, and carries an annual interest rate of 12%, payable on March 31 and September 30. December, 2011 utility usage is $1,875. This bill is expected to be paid on January 15, 2012 Grady's income tax expense for 2011 is $97,340. The November 30, 2011 balances in the accounts receivable and accounts payable are comprised of the following
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