> Who is good at accounting?

Who is good at accounting?

Posted at: 2015-07-28 
Are you asking for help or are you asking for a solution to your homework. If you want help, you should show your work and you can get help. If you just want someone to do your work, that is not help, you would learn nothing and it would be a disservice to you. Using another person's solution is plagiarism and is unethical.

If you need help with the problem you should indicate what you need. For example, you might need help in getting started, or you do not understand the format of a calculation, or you get so far in a problem and do not know where to go from there. You should show your work so someone can help you by pointing out where you are wrong and by explaining areas where you show weaknesses. Presumably you studied this material and have some idea what to do. This is not a free homework solving service.

What is the due date, Take a calendar, count the days starting with June 11 to June 30. That's 20 days if you don't know how to count that far. Keep counting until you get to 60. That's the due date.

The maturity value is the note principal plus all the accrued interest. Interest is

Principal x rate x time = interest. Rate and time have to be in equal terms. The rate is annual so time has to be the appropriate fraction of the year. In case you don't know what a fraction is, use 60/365.

Journal entries! Ah, yes. This is where you have to decide what did the bank give up and what did it get in return. Then you have to use the debit and credit rules to record the reduction in assets and increase in note investment. And on June 30 the bank has to record the fact that it earned 20 days of interest income although it did not yet receive this income. You may actually have to do some studying here. Good luck.

Accountants?

I am

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