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    kizzyb's Avatar
    kizzyb Posts: 31, Reputation: 1
    Junior Member
    		  
    #1

    Mar 5, 2006, 04:54 PM
    Accounting
    (a) The company holds a 60-day note dated December 21, 20xx. The note has a face value of 15,000 and carries a interest at 90%.

    Interest Expense 56.25
    Interest Payable 56.25

    (b) The subscriptions income account shows a credit balance of 112,000, representing subscriptions to eight issues of a company publication. Five issues have been delivered in 20xx.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Mar 5, 2006, 05:49 PM
    See this thread: https://www.askmehelpdesk.com/showthread.php?t=22279


    You have already asked these questions there. I have also replied to them.
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