On January 1, 2021, Julee Enterprises borrows $39,000 to purchase a new Toyota Highlander by agreeing to a 6%, 4-year note with the bank. Payments of $915.92 are due at the end of each month with the first installment due on January 31, 2021. Record the issuance of the note payable and the first two monthly payments. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On January 1, 2021, Julee Enterprises borrows $39,000 to purchase a new Toyota Highlander by agreeing to a 6%, 4-year note with the bank. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When tom's customer tells him that she needs a new sofa because her house burned down, he hears the sadness and pain in her voice.
Answers (2)
The monetary base consists of: A) currency held by the public, plus reserves held by banks. B) all outstanding currency, plus reserves held by banks. C) all outstanding currency, plus demand deposits. D) all bank reserves.
Answers (1)
If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $12 per hour, and your room and board is $4,000 this semester (same as if not
Answers (1)
At net's hair salon, 35% of the customers dye their hair blond, 30% dye their eyebrows blond and 46% straighten their hair. 20% of the customers have none of these three procedures, while 11% take all of these three procedures.
Answers (1)
EB4. Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs.
Answers (1)
New Questions in Business
A department store has budgeted sales of 12,000 men's suits in September. Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 suits.
Answers (1)
Identify the strengths and weaknesses of a partnership
Answers (1)
The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job. a. True b. False
Answers (1)
An airline expects to SELL one million gallons of jet fuel in one month and decides to use heating oil futures for hedging. We suppose the correlation between jet fuel price and heating oil price is 0.93, the volatility of heating oil price is 0.
Answers (1)
1. (2.5 marks) In the market of cars, there are two firms operating. The Industry Demand Curve is a function of the outputs being produced by both firms, and is given as: P =
Answers (1)