# Accounting

posted by .

1. On august 1st, mr. borg borrowed \$30,000 from a local bank on a 15 year mortage. The annual interest rate is 8%.
A telephone bill in the amount of \$117 covering august charges is unpaid at august 31.

Although this is not my area of expertise, we do not know what you are asking. You give us some information, but you have not given a question about that information. Please give us specific questions, so we are better able to help you.

I hope this helps a little. Thanks for asking.

I am trying to write the adjusting enteries to both of the sentences provided.

## Similar Questions

1. ### accounts

1. On January 1, 2004 PEN PENNY received a Utility Bill from BEC for \$10,000, the bill was due on February 28, 2004. (a) Show the entries on January 1, 2004 and February 28, 2004. 2. On March 1, 2004 PEN PENNY company borrowed \$400,000 …
2. ### Accounting

Horse Country Living publishes a monthly magazine for which a 12-month subscription costs \$30. All subscriptions require payment of the full \$30 in advance. On August 1, 2008, the balance in the Subscriptions Received in Advance account …
3. ### Math

I need help with this problem. Jason's credit cards beginning unpaid balance for August is \$2,000. During the August billing cycle he made a payment of \$200 and used card to purchase \$50 worth of groceries. Credit card charges 24% …

. Jason’s credit card’s beginning unpaid balance for August is \$2,000. During the August billing cycle he made a payment of \$200 and used card to purchase \$50 worth of grocery. Credit card charges 24% annual percentage rate and …
5. ### Maths

Jason’s credit card’s beginning unpaid balance for August is \$2,000. During the August billing cycle he made a payment of \$200 and used card to purchase \$50 worth of grocery. Credit card charges 24% annual percentage rate and uses …
6. ### math

average daily balance . find the credit card finance charge for the month of august (31 days) the annual interest rate is 18% July 31 balance \$510 August 9 charge \$86 August 10 payment \$390 August 22 charge 147 August 27 charge \$14
7. ### lehman

Investment A clothing company borrows \$700,000. Some of the money is borrowed at 8%, some at 9%, and some at 10% simple annual interest. How much is borrowed at each rate when the total annual interest is \$60,500 and the amount borrowed …
8. ### Math

Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged \$1,000 to a credit card that has a minimum payment each month …
9. ### qmds

During the 1st year at university, Erica¡¦s father had been sending her \$1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on …
10. ### MATH

During the 1st year at university, Erica¡¦s father had been sending her \$1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on …

More Similar Questions