To determine the answer to this, let us first determine the
interest using the formula:
Interest = Principal amount * Interest rate * Number of
months / 12
September to December would be 4 months, therefore:
Interest = $50,000 * 0.06 * 4/12
Interest = $1,000
Therefore the adjusting entry should be:
debit to Interest Expense of $1,000
The answer to the question is false
Answer:
C. Periodicals
Explanation:
In this case the most recommended source for use would be the periodicals.
Periodical publications are scientific publications made in electronic or on paper that address different topics and are published at regular intervals. So this would be a good source to enrich a research project with up-to-date information on the subject that you want to collect information about.
Answer:
I just asked a question i'll give you brainliest if you can answer it correctly.
Explanation:
Answer:
Explanation:
The journal entries are shown below:
On July 15:
Retained earning A/c Dr $169,000
To Dividend payable $169,000
(Being cash dividend declared is recorded)
On Aug 15:
No journal entry is required on the date of declared
On Aug 31:
Dividend payable A/c $169,000
To Cash A/c $169,000
(Being dividend is paid is recorded)
