Question and answer
4. When a company issues a promissory note, the accountant records an entry that includes a credit to Note Payable for the (Points : 5) face value of the note. face value of the note
plus the interest that will accrue. face value less the interest that will accrue. maturity value of the note.
face value of the note.
Expert answered|margarita|Points 273|
Question
Asked 8/1/2012 7:41:01 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Discuss how and why interest expense is allocated between measurement periods.
Weegy: interest expense is allocated between measurement periods because interest expense will be computed depending on how long the loan period will be and the loan amount. User: As a business manager should you be concerned when notes payable are used in funding the operations of the business? Weegy: Yes. Those notes payable, well, need to be paid back on time. [ Which means that as the business earns money (hopefully), those notes payable ... (More)
Question
Expert Answered
Asked 8/1/2012 7:23:46 PM
0 Answers/Comments
7. How much interest will accrue on a $20,000 face value, 60-day note that bears interest at 9 percent a year? (Points : 5) $300 $450 $900 $1,800
Weegy: $300 User: 10. The total that must be paid when a note becomes due is known as the (Points : 5) principle. face value. note value. maturity value. Weegy: maturity value User: 9. ABC company purchased equipment for $6,000 on credit and issued a 120-day note bearing interest at 9 percent a year as evidence of the debt. To record this transaction, the accountant would debit (Points : 5) Equipment ... (More)
Question
Expert Answered
Asked 8/1/2012 7:44:20 PM
0 Answers/Comments
17,083,062 questions answered
Popular Conversations
A day on Venus lasts longer ________?
Weegy: User: The most massive planet in our solar system with dozens of moons and an enormous magnetic field is
8/19/2014 5:24:35 AM| 2 Answers
The Mayflower Compact was:
Weegy: The Mayflower Compact provided the colony of Plymouth with ( 1 )a simple constitution by which (2 ) the freemen ...
8/19/2014 8:08:50 AM| 2 Answers
Natural
8/19/2014 11:01:12 AM| 2 Answers
What is a verb?
8/19/2014 2:04:34 PM| 2 Answers
What is the term for a tale about a human hero that is based on ...
Weegy: The term for a tale about a human hero that is based on historical fact is a legend. User: n "The Red-Headed ...
8/19/2014 4:26:07 PM| 2 Answers
The charge on a proton is a. negative, and the charge on an ...
Weegy: Protons have a positive charge, electrons have a negative charge, and neutrons have no charge. User: The ...
8/19/2014 4:27:36 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 1682 [Total 23282]| Ratings 2| Comments 1662| Invitations 0|Offline
S
L
1
L
Points 1316 [Total 5292]| Ratings 5| Comments 1266| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 1191 [Total 14805]| Ratings 7| Comments 1121| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1119 [Total 8826]| Ratings 2| Comments 1099| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1005 [Total 16032]| Ratings 2| Comments 985| Invitations 0|Online
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 832 [Total 18403]| Ratings 0| Comments 832| Invitations 0|Offline
S
1
L
Points 375 [Total 4939]| Ratings 0| Comments 375| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 335 [Total 10996]| Ratings 1| Comments 325| Invitations 0|Offline
S
Points 221 [Total 221]| Ratings 1| Comments 201| Invitations 1|Offline
S
Points 217 [Total 228]| Ratings 3| Comments 157| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.