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ID: 2403186 • Letter: 1

Question

18 829 ??1????? ???????! 1? ???,??? ??? ?? ?? ??? ??? ?? ???? ?? /?? ??? I clean 31Q Version Osas Chapter 2 Quiz solution version x Chi quiz solution Ch2 note 2 Learning objective 2 x 0 x + Unearned Service Revenue 6,000 Q15 Fedex Corporation signed a three-month note payable in the amount of $5,000 on October I. The note requires entry to record interest expense on Oct.31th. Fedex to pay interest at an annual rate of 24%. Prepare the journal Interest expense 1,200 Interest payable 2,200 B. 100 Interest expense

Explanation / Answer

Interest expense 100 =5000*24%/12*1        Interest payable 100

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