Cran Sales Company completed the following note payable transactions: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar.) The interest expense accrued at December 31, 2021 is More info Apr 1, 2021 Dec 31, 2021 Apr 1, 2022 Purchased delivery truck costing $58,000 by issuing a one-year, 4% note payable. Accrued interest on the note payable. Paid the note payable at maturity. Print Done X Requirements 1. How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar.) Determine the amount of Cran Sales' final payment on April 1, 2022. How much interest expense will Cran Sales report for 2021 and for 2022? (If needed. round your answer to the nearest whole dollar.) 2. 3. Print Done - X

Cran Sales Company completed the following note payable transactions: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar.) The interest expense accrued at December 31, 2021 is More info Apr 1, 2021 Dec 31, 2021 Apr 1, 2022 Purchased delivery truck costing $58,000 by issuing a one-year, 4% note payable. Accrued interest on the note payable. Paid the note payable at maturity. Print Done X Requirements 1. How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar.) Determine the amount of Cran Sales' final payment on April 1, 2022. How much interest expense will Cran Sales report for 2021 and for 2022? (If needed. round your answer to the nearest whole dollar.) 2. 3. Print Done - X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 3
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Help Save & Exit ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252... 3-RA1 - Princi x M Question 2 - CV 12.5 - Conne x + Fube Maps Translate News 2.5 i 2 Required information Saved t2 of 3 ts Knowledge Check 01 J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two partners decided to liquidate their partnership. The current period's income or loss is closed to the partners' capital accounts according to the sharing agreement. Immediately before liquidation, the partnership balance sheet shows: land, $100,000; accounts payable, $80,000; J. Morgan, Capital, $15,000; and M. Halsted, Capital, $5,000. On January 15, the land was sold for $110,000 cash. On January 16, the partnership settled its liabilities. On January 31, the remaining cash was distributed to the partners. Prepare the January 15 journal entry for the partnership to…
1 2 m 4n 07 9. White 9 A Talk S Aint Ia O ENG 10 O Annota S Annota SAnnota M Recibic I Downl ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 台☆* + Facebook 6 Student Center Bb Blackboard WhatsApp Ggrammarly unemployment > |国Readi Maps Zoom Mark Turney owns Creative Corners. He does his banking at United Federal Bank (UFB) in Tucson, Arizona. The amounts in his general ledger for payroll taxes and the employee's withholding of Social Security, Medicare, and federal income tax as of April 15 of the current year show the following: Social Security tax payable (employer and employee), $3,020; Medicare tax payable (employer and employee), $734; FUTA tax payable, $84; SSUTA tax payable, $414; and Employees income tax payable, $4,622. Journalize the payment of the Form 941 deposit to UFB and the payment of the SUTA tax to the State of Arizona as of April 15, 20--. If an amount box does not require an entry, leave it blank. Page: POST. DATE DESCRIPTION…