question archive Prepare adjusting journal entry for the following, for the month of February 2015: a) The note payable pays 6% annual interest at the end of every odd month with the principal due in November 2019
Prepare adjusting journal entry for the following, for the month of February 2015: a) The note payable pays 6% annual interest at the end of every odd month with the principal due in November 2019
Subject:FinancePrice: Bought3
Prepare adjusting journal entry for the following, for the month of February 2015:
a) The note payable pays 6% annual interest at the end of every odd month with the principal due in November 2019.
7) Complete Financial Statements pictured below
Income statement month ended Feb. 28, 2015:
Revenue, Cost of Goods Sold, Gross Profit, Expense, Net Income
Statement of retained earnings month ended Feb. 28, 2015:
Retained earnings Feb 01, Add: Net income for the month, Less: Dividends, Retained earning Feb 28
Balance sheet Feb. 28, 2015:
Assets, Liabilities, Stockholders Equity, Total Assets, Total Liabilities and Stockholders Equity
8) Prepare closing journal entries for the month of February 2015
