please no copy paste Note Payable problem. On November 1, 2021, Good Luck Inc. received Equipment valued at $600,000 in exchange for a 8% long-term note payable. The note ispayable over a 20-year term in $30,000 principal installments due on November 1 of each year, beginning November 1, 2022. At the time of each installment theinterest due at that time is paid also. In the space below provide the following 3 journal entries: The November 1, 2021 entry to roceive the Equipment and put thenote on the books, the Dec 31, 2021 adjusting entry for 2 months of interest, and the November 1, 2022 payment of the installment and interest.

Note payable is one of the liability of the business, on which regular interest payments needs to be…

Note Payable problem. On November 1, 2021, Good Luck Inc. received Equipment valued at $600,000 in exchange for a 8% long-term note payable. The note is payable over a 20-year term in $30,000 principal installments due on November 1 of cach year, beginning November 1, 2022. At the time of cach installment the interest due at that time is paid also. In the space below provide the following 3 journal entries: The November 1, 2021 entry to receive the Equipment and put the note on the books, the Dec 31, 2021 adjusting entry for 2 months of interest, and the November 1, 2022 payment of the installment and interest.

Note Payable problem. On November 1, 2021, Good Luck Inc. received Equipment valued at $600,000 in exchange for a 8% long-term note payable. The note is payable over a 20-year term in $30,000 principal installments due on November 1 of cach year, beginning November 1, 2022. At the time of cach installment the interest due at that time is paid also. In the space below provide the following 3 journal entries: The November 1, 2021 entry to receive the Equipment and put the note on the books, the Dec 31, 2021 adjusting entry for 2 months of interest, and the November 1, 2022 payment of the installment and interest.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近

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LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24
what is the differnce between quickbooks online and QuickBooks desktop?
List Paragraph For the... badiya aldujaili BA AutoSave ff Search EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut - A^ A° Aav A E - E - E E E O Find - Calibri (Body) 11 AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 5 6. 7 If Busby Corporation's variable cost ratio is 0.75, targeted after tax net income is $27,580 (tax rate of 20%), and targeted sales volume in dollars is $219,000 then Busby's total fixed costs are: a. $27,170 b. $71,380 c. $20,275 d. $136,670 e. $129,775 f. $26,350 g. $54,750 Page 3 of 3 331 words English (United States) Focusם 160% 8:28 PM O Type here to search ENG 2/11/2021 (凸) . I . I ..?. . . E • . . L. . . t .. I ..
Subject : Accounting what is the lowest subscription level of QuickBooks online that allows custom fields to be added to purchase orders?
How can you display or print a batch or group of reports quickly? A. Create a memorized group of reports. B. Click Batch Reports from the Home Page C. Click Reports > Process multiple reports D. You cannot do this in Quickbooks
How do you get a report into PDF format? Select an answer: You need to email the report and then convert it to PDF. Click on the Export button and Click on Export as PDF. You cannot export reports into PDF. You have to print the report and then scan it as a PDF.