Form 941 is filed: A. annually  B. Quarterly C. Weekly  D. monthly

Q: Determine the number of months (rounded off to the nearest month) required for a deposit of $2968.84…

A: Here aked to calculate time for deposit in months.  Interest = principal amount* rate* time

Q: The SEC and FINRA require customer statements to be sent out for inactive accounts at least…

A: Security exchange Commission (SEC) and Finance Industry Regulatory Authority (FINRA) are two of the…

Q: . At December 31, Black should record interest revenue of

A: Given information is: Value of note = $18600 Interest rate = 8% Issue date = October 1

Q: company owes a $49,000 on a Notes Payable, Interest is accrued monthly at an annual rate of 11%.…

A: Notes payable are a promissory note and a negotiable instrument. In this one party agree to pay a…

Q: the amount of interest expense

A: The note payable is a liability account which is a written promissory note.It is usually considered…

Q: From the information given below, determine the due date for the following notes:   Date Issued…

A: Due date of note: When a debtor takes goods in credit, he issues a note that the payment of these…

Q: Complete the following chart with Revenu Québec remittance due date using the current year calendar.…

A: | PAY DATE | REMITTER | REMITTANCE TYPE | PAY PERIOD ENDING DATE | DUE DATE |…

Q: On the first day of the fiscal year, a company issues $26,000, 12%, three-year installment notes…

A: Issue price of note is given at $26,000 and annual payment is $10,825 ($3,120 interest and $7,705…

Q: 5) Chapter 11 Inc. entered into the following transactions relating to notes payable: Sept. 1…

A: Note payable is a liability that an entity has to pay off within a specified span. It can be current…

Q: What is the monthly interest payment for an account with a balance of $100.00 and an A.P.R. of 12%?…

A: Loan balance = $100 Interest rate = 12% Monthly interest rate = 12%/12 = 1%

Q: the first day of the fiscal year, a company issues $45,000, 8%, six-year installment notes that have…

A: Journal Entries Record The All Business Transactions In Accounting Journal. It Is First Step Of…

Q: Justin Company signed a $90,000, three-month, 9% note payable, on December 1. If the accounting…

A: Interest accrued on December 31= Face value of bonds x rate of interest x no. of month/12 = $90000 x…

Q: On August 2, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his…

A: The question is based on the concept of Financial Accounting. As per the Bartleby guidelines we are…

Q: In the journal provided, prepare entries for the following (assume a calendar-year accounting…

A: Journal entries are the basic method for recording financial transactions in the books of accounts.…

Q: A company purchased a certificate of deposit (a short-term investment that pays interest to the…

A:

Q: Journalize the entry to record the payment of the second installment the following June 30

A: Interest is charges on the maximum balance payable. Interest = Principle Outstanding x rate of…

Q: A company needs to record six months of accrued interest on a four-year, 12%, $12,000 promissory…

A: Interest expense accrued = Promissory note payable x rate of interest x months/12

Q: On 9/1, the Knight's Stop issues a new the previous year. The new part was is: On 9/1, Knight's Stop…

A: Warranty are provided to customers and warranty are laibilties of customers to company for warranty…

Q: On July 8, Jones Inc. issued an $84,700, 11%, 120-day note payable to Miller Company. Assume that…

A: Annual Interest=Issue amount×Interest rate=$84,700×11%=$9,317

Q: On the first day of the fiscal year, a company issues $89,000, 6%, five-year installment notes that…

A: Long-term notes payable: Long-term notes payable represent a legal and written promise made by the…

Q: A credit sale of $1800 is made on July 15, terms 4/10, net/30, on which a return of $100 is granted…

A: Note: 4/10, n/30: Here, 4 represent the discount rate if payment is made within ten days. And if…