02 84022 1680 02 70702 1414 15000 13058 13320 13586

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 702 57,116 .02 (57,116) .02 (43,258) .02 (29,123) .02 (14,705) = 1,142 = 865 = 582 = 295 13,858 14,135 14,418 14,705 43,258 29,123 14,705 0 7,920 112,080 120,000 * adjus ted for rounding of other numbers in the s c hedule April 1, 2013: Interes t ex pens e: (2% × [$112,080 – 15,000]) = $1,942 July 1, 2013: Interes t revenue: (2% × $84,022) = $1,680 Oc tober 1, 2013: Interes t revenue: (2% × $70,702) = $1,414 Dec ember 31, 2013: Interes t revenue: (2% × $57,116) = $1,142 ezto.mhecloud.mcg r aw- hill.com/hm_accounting .tpx?todo= pr intviewSing le 4/4...
View Full Document

Ask a homework question - tutors are online