Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Sep 2017 My Price 4.00

Brant Cargo

At January 1, 2016, Brant Cargo acquired equipment by issuing a five-year, $150,000 (payable at maturity), 4% note. The market rate of interest for notes of similar risk is 10%.

Required:

1. Prepare the journal entry for Brant Cargo to record the purchase of the equipment.

2. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2016.

3. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2017.

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Sep 2017 05:09 PM My Price 4.00

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