Ask Question
10 March, 00:53

Carlita began 2014 with an interest payable account balance of $13,000. during 2014, it paid $5,000 in interest to its lenders. on december 31, 2014, what is its interest payable account balance?

+4
Answers (1)
  1. 10 March, 00:59
    0
    The interest payable account balance is $18,000 at the end of 2014. When you take the initial balance of $13,000 and add to that the $5000 interest payment, the result is $18,000. 13,000 + 5,000 = 18,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Carlita began 2014 with an interest payable account balance of $13,000. during 2014, it paid $5,000 in interest to its lenders. on december ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers