Saturday

December 20, 2014

December 20, 2014

Posted by **PORTLAND STATE** on Thursday, February 28, 2013 at 4:44pm.

Requirement 1:

Give the required journal entry on December 31, 2010.

Requirement 2:

What will be the balance in the savings account at the end of the 10th year (i.e., 10 deposits)?

Requirement 3:

What is the total amount of interest earned on the 10 deposits? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

Total amount of interest $

Requirement 4:

How much interest revenue did the fund earn in 2011? 2012? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

Interest revenue

2011 $

2012 $

Requirement 5:

Give all required journal entries at the end of 2011 and 2012. (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

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