Web30. mar 2024. · Nikola had $233.4 million in cash and equivalents available as of Dec. 31, down from $315.7 million at the end of September. The company lost $222.1 million in the fourth quarter of 2024. As on 11th Apr 2024, the P/E ratio for Nikola Corporation shares is … WebOn December 1, Milton Company borrowed $310,000, at 9% annual interest, from the Tennessee National Bank. Interest is paid when the loan matures one year from the …
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WebOn January 1, 2024, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10% interest rate. Each annual payment is in the amount of $39,569 and payment is due each Dec. 31. What is the journal entry on Jan. 1 to record the cash received and on Dec. 31 to record the annual payment? WebEnding Retained earnings Balance = Beginning Retained earnings Balance + Net Income − DividendsEnding Retained earnings Balance = $110,000 + $110,000 − $41,000 = … WebOn December 1, Oren Marketing Company received $4,500 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned revenue. The adjusting entry for the year ended December 31 would include: Mutiple Choice a debit to Services Revenue for $3,000. gotcha lum