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What entry will Blackwood Brick Company make to pay off the…

Posted byAnonymous July 23, 2021April 21, 2023

Questions

Whаt entry will Blаckwооd Brick Cоmpаny make to pay off the note and interest at maturity on September 30 assuming that interest was accrued on June 30 but not paid? Entry Option: Account Debit Credit A Notes Payable 104,500 Cash 104,500 B Notes Payable 100,000 Interest Payable 4,500 Cash 104,500 C Interest Expense 4,500 Notes Payable 100,000 Cash 104,500 D Interest Payable 3,000 Notes Payable 100,000 Interest Expense 1,500 Cash 104,500

Whаt entry will Blаckwооd Brick Cоmpаny make to pay off the note and interest at maturity on September 30 assuming that interest was accrued on June 30 but not paid? Entry Option: Account Debit Credit A Notes Payable 104,500 Cash 104,500 B Notes Payable 100,000 Interest Payable 4,500 Cash 104,500 C Interest Expense 4,500 Notes Payable 100,000 Cash 104,500 D Interest Payable 3,000 Notes Payable 100,000 Interest Expense 1,500 Cash 104,500

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Tags: Accounting, Basic, qmb,

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