Accounting Chapter 10 Homework Notes Payable 2000 Interest Payable 38

subject Type Homework Help
subject Pages 1
subject Words 58
subject Authors Donald E. Kieso, Jerry J. Weygandt, Paul D. Kimmel

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CCC10 CONTINUING COOKIE CHRONICLE
(a)
$2,000 X 9% X 2.5/12 = $38
(b)
Total interest expense and interest payable $2,000 X 9% X 9.5/12 = $143
Entry required $143 $38 accrued to January 31 = $105

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