Accounting > QUESTIONS & ANSWERS > Community College of Aurora ACCOUNTING ACCOUNTING 122 Natalie and Curtis have been experiencing g (All)
Community College of Aurora ACCOUNTING ACCOUNTING 122 Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about buying a commercial... Share Question
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Question Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about buying a commercial oven. They know which oven they want and th... at it will cost $17,000. The company already has $5,000 set aside for the purchase and will need to borrow the rest. Natalie and Curtis met with a bank manager to discuss their options. She is willing to lend Cookie & Coffee Creations Inc. $12,000 on November 1, 2020, for a period of 3 years at a 5% interest rate. The terms provide for fixed principal payments of $2,000, on May 1 and November 1 of each year plus 6 months of interest. I already successfully completed The first part of the question (Question 1A). I am confused regarding the account titles for the second part (Question 1B). I seem to fave miscalculated all of Question 1C and have no idea how to calculate te values for Question 1D. [Show More]
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