10. On August 1,2018, Tumer Manufacturing lends cash and accepes a interest and

Question

10. On August 1,2018, Tumer Manufacturing lends cash and accepes a interest and is due in nine months. How would Tumer record the 20182 000 mote receivable thar oien year-end adjustment to acorue interest A Interest Revenue B. Interest C. Interest Receivable Interest Revenue 480 D. Interest Receivable Interest Revenue 200 200 $200,000. Ending 11. Beginning $100,000. What is cost of goods sold? A. $140,000. B. $340,000. C$260,000. D. $240,000. inventory is $40,000. Purchases of inventory during the year are

Explanation / Answer

10)interest accrued at year end for 5 months is
=(5/12)*6000* interest
Since interest is missing i am leaving here

11)Cost fo goods sold=Beg inv+purchases-ending inv
=40000+200000-100000=140000
it is option A

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.