What is the right answers and why?? amaged existing rubber roof on...
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What is the right answers and why?? amaged existing rubber roof on a warehouse with a new advanced solar shingle roof would result in a debit to which account? Equipment (Asset) B. Repairs Expense C. Equipment Expense D. Gain from Repairs 11. Stev prom enson Company borrowed $98,000 from Bank of the Dakotas and issued a issory note. What journal entry should Stevenson Company record? DR CR ACCI 98,000 98,000 98,000 98,000 A. Cash Notes Receivable B. Notes Receivable 98,000 Cash C, Cash 98,000 Nots Payable 98,000 D. Notes Payable 98,000 Cash 12. On July 1, 2016, Marge Bakery Corp signed a $90,000, 5%, eight-month note payable with the amount borrowed plus accrued interest due eight months later on March 1, 2017. Marge Bakery should report interest payable at December 31, 2016 in the amount of: A. $4,500 B. $3,375 $2,250 D. $0
What is the right answers and why??
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