COLLEGE ACCT.,CH.1-15-CENGAGENOW(2TERM)

23rd Edition

ISBN: 9781337913393

Author: HEINTZ

Publisher: CENGAGE L

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Chapter 17, Problem 9SEA

JOURNAL ENTRIES (ACCRUED INTEREST PAYABLE) At the end of the year, the following interest is payable, but not yet paid. Record the adjusting entry in the general journal.

Interest on $5,000, 60-day, 7% note (for 12 days)	$11.67
Interest on $2,500, 30-day, 8% note (for 9 days)	5.00
	$16.67

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Chapter 17, Problem 8SEA

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Chapter 17 Solutions

COLLEGE ACCT.,CH.1-15-CENGAGENOW(2TERM)

Ch. 17 - The maturity value of a note includes both...Ch. 17 - Prob. 2TF Ch. 17 - The difference between the maturity value of a...Ch. 17 - Prob. 4TF Ch. 17 - When a dishonored note is collected, interest is...Ch. 17 - Principal plus interest equals ______ of a note....Ch. 17 - Prob. 2MC Ch. 17 - Prob. 3MC Ch. 17 - Prob. 4MC Ch. 17 - Accrued interest payable is reported as a ______...

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JOURNAL ENTRIES (ACCRUED INTEREST PAYABLE) At the end of the year, the following interest is payable, but not yet paid. Record the adjusting entry in the general journal. Interest on $5,000, 60-day, 7% note (for 12 days) $11.67 Interest on $2,500, 30-day, 8% note (for 9 days) 5.00 $16.67

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Chapter 17 Solutions