Need accounting Help with Notes Payable and Interest

Dec 13th, 2015
Anonymous
Category:
Accounting
Price: $5 USD

Question description

the firm made payments of $600 per month to the bank for the note payable. $2000 of the payments was for principal; the remainder was for interest. Record in a journal entry.

Tutor Answer

(Top Tutor) Studypool Tutor
School: New York University

Studypool has helped 1,244,100 students

Review from student
Studypool Student
" Wow this is really good.... didn't expect it. Sweet!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors