Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
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: 408 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Oct 2017 My Price 5.00

Paik, Inc.

Accounting for a Mortgage

On January 1, 2009, Paik, Inc., borrowed $75,000 to finance the purchase of machinery. The terms of the mortgage require payments to be made at the end of every month with the first payment being due on January 31, 2009. The length of the mortgage is five years, and the mortgage carries an interest rate of 24%.

1. Compute the amount of the monthly payment.

2. Prepare a mortgage amortization schedule for 2009.

3. Prepare the journal entry to be made on January 31, 2009, when the first payment is made.

4. For the remainder of the year, how will the journal entries relating to the mortgage differ from the one made on January 31?

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Oct 2017 07:10 PM My Price 5.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)