Use the following data for Questions 1 - 5:?

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Ksy
Asked at 2012-08-28 08:28:15
1.The November 30, 2005, Crown Food purchased two trucks for a total of $ 70,000, the issuance of a year, 8% note payable, all due at maturity. The interest on this loan is shown separately. MedlinePlus MedlinePlus Refer to the above data. The December 31, 2005, the adjusting entry for this story include: MedlinePlus MedlinePlus A. A credit to interest payable for $ 467. MedlinePlus B. A credit to interest payable for $ 934. MedlinePlus C. A credit to interest payable for $ 5,600. MedlinePlus D. A cash credit of $ 934. MedlinePlus MedlinePlus 2. See the data in question 1. Total liabilities related to this story reported on December 31, 2005 Crown Food, the balance is: MedlinePlus A. $ 75,000 MedlinePlus B. MedlinePlus $ 70,467 C. MedlinePlus $ 70,000 D. $ 70,934 MedlinePlus MedlinePlus 3. See the data in question 1. What is the amount of interest expense recognized Food Corona in this note in 2006 MedlinePlus A. 467 USD. MedlinePlus B. $ 5,133 MedlinePlus C. $ 5,600 MedlinePlus D. $ 934 MedlinePlus MedlinePlus 4. See the data in question 1. How much should you pay the lender Crown Food at maturity of this note? MedlinePlus A. $ 70,467 MedlinePlus B. MedlinePlus $ 70,133 C. MedlinePlus $ 70,000 D. $ 75,600 MedlinePlus MedlinePlus 5. See the data in question 1. The responsibility of this loan at December 31, 2005: MedlinePlus A. It is classified as a long-term liability if food Crown intends and ability to refinance by taking out a new loan is not due to several years of MedlinePlus B. Is classified as a long-term liability, as it was used for the acquisition of non-current assets. MedlinePlus C. It is equal to the book value of the two trucks that were acquired in exchange. MedlinePlus D. It is equal to the maturity value.
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