p410 8-2B - 31-Dec accrued interest expense 1500 accrued...

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20X5 3-Feb equipment 47000 not payable short term 47000 (6 month 8%) 30-Apr cash 100000 note payable short term 10000 3-Aug note payable short term 50760 (6 month 8%) cash 50760 31-Dec warranty expense 2900 estimated warranty payable 2900
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Unformatted text preview: 31-Dec accrued interest expense 1500 accrued interest 1500 8/12 X (100000X.09 / 4) 20X6 30-Apr accrued interest 27250 annual payment of 25000 principal plus interest 100000 at 9% cash 27250...
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