Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 09 Aug 2017 My Price 3.00

McPean Company

Entries for zero interest bearing notes. On jan 1 2013 McPean Company makes the two following acquisitions: 1. Purchases land having a fair value of $3000000 by issuing a 5 year, zero interest bearing promissory note in the face amout of $505,518. 2. Pirchases equiemr by issuing a 6% 8 year promissory note having a maturity value of $400,0oo interest payable annually.

Answers

(5)
Status NEW Posted 09 Aug 2017 09:08 PM My Price 3.00

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