Knowee
Questions
Features
Study Tools

What journal entry is used for recording an increase in Loan payables due to a Bank?

Question

What journal entry is used for recording an increase in Loan payables due to a Bank?
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Para registrar un aumento en los préstamos por pagar debido a un banco, se debe realizar la siguiente entrada en el diario contable:

  1. Débito: Cuenta de efectivo o banco (activo) - Esto representa el dinero recibido del préstamo.
  2. Crédito: Cuenta de préstamos por pagar (pasivo) - Esto re Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

ABC received a loan from  , an Indonesian bank. Identify the risks that ABC hasLiquidity riskCredit riskInterest rate riskCurrency riskAnswer :

Suppose you apply for a loan for the first time. How does the bank assessthe riskiness of the loan it might make to you?

A company’s bank requires a compensating balance of 20% on a $100,000 loan. If the stated interest on the loan is 7%, what is the effective cost of the loan?

The journal entry to record the issuance of a promissory note includes a credit to Note Payable for the

A couple paid back $10,000 for an $8,500 loan. What was the maturity value of the loan?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.