hinsri

27.02.2020 • 

Business

Ellis Travel records an $800,000 loan for upgraded computers and software for the entire company in a Notes Payable account. The loan has an interest rate of 5.5%, which is recorded in the Interest Payable account before it is paid. The Interest Payable account would be considered a(n) account.A: contra
B: secondary
C: supplementary
D: adjunct

Ответ:

EmilySerna

19.01.2022

Business

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D: adjunct

Explanation:

For notes payables, the total amount will be the 800,000 principal plus the accrued interest. These will be the book value of the liability at year-end

For reason that the interest ae exigible in a period lower than a year, they will be posted as current while the note payable as long.term debt.

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Ответ:

ansley81

18.05.2022

Business

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B b b b b b b b b b b b b b b b b b b b b b b

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