Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on november 1, 2018, lendern,he loaned an employee

On November 1, 2018, Lendern,he loaned an employee S100 000 at 6% with both the...

80.2K

Verified Solution

Question

Accounting

image
On November 1, 2018, Lendern,he loaned an employee S100 000 at 6% with both the interest and principal due in one year. No ac usting entries have been recorded in connection with this note. The adjusting entry to record the interest earned but not received as of December 31, 2018 includes a Mutiple Choice debt to Interest Recetvable of $6,000 debit to Interest Payable of $6,000 debt to Cash of $5.000 debt to interest Recevable of $1,000 debt to interest Revenue of $1,000

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

Finance
1.2K views

Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $20,000,000...

Physics
1.2K views

A convex lenses of focal length 40 cm is held coaxially 12 cm above a...

Basic Math
1.2K views

Question 8 of 8 Which polynomial represents the difference below 7x8 8x6 2x 9 4x...

Basic Math
1.2K views

The ages of a group of 160 randomly selected adult females have a standard deviation...

Statistics
1.2K views

Sam feels that he scored better in math than he did in English So he...

Statistics
1.2K views

The College Boards which are administered each year to many thousands of high school students...

Calculus
1.2K views

Find the angle between vectors u 2 3 and v 2i 5j

Accounting
1.2K views

68 Cul de los siguientes se clasifica como un instrumento de patrimonio en lugar...

Accounting
1.2K views

CHECK FIGURES: 2. Dec. 31, 2023 = $20,604; Apr. 1, 2028 =$5,151; 3A. Loss =...

Accounting
1.2K views

Feathered Friends makes backyard bird feeders. The company sells the bird feeders to home improvement...

Accounting
1.2K views

Nash Corporation had income before income taxes of $176,700 in 2020. Nash's current income tax...

Finance
1.2K views

Year 1 Year 2 Year 3 Year 4 ...