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Journal Entries for Note Issued at Face Value [Video]

Journal Entries for Note Issued at Face Value

When a company issues a note at face value, the company debits the cash account and credits the note payable account for the face value of the note (the lender, on the other hand, would debit note receivable and credit cash).

When the borrower incurs interest, the borrower would debt interest expense and credit the cash account (if the interest is paid immediately; otherwise, the borrower would credit interest payable). The lender, on the other hand, would record interest revenue at each interest date.

If interest is due quarterly, the interest payment would be calculated as follows:
(annual interest rate x face value of the note) / 4

If interest is due monthly, the interest payment would be calculated as follows:
(annual interest rate x face value of the note) / 12

When the borrower repays the note, the borrower should debit the note payable account (to remove the liability from its balance sheet) as well as account for the final interest payment.

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Resources for Accountants

Best Car Insurance Discounts ★ 2022 [Video]

Discover the best car insurance discounts. Here’s the free service we use to get cheaper car insurance (toll free): 1-855-981-7528. It’s a free by phone service that specializes in locating the cheapest car insurance rates. They perform the tedious task of shopping around, and present you with the cheapest auto insurance provider for your location. We call this service every year before our auto insurance expires. It allows us to discover whether there is a cheaper rate than ours, and has saved us lots of money over the years. Here are some of the topics covered in this video: How to get cheaper auto insurance rates online, get discounts and lower your policy cost, ways to lower vehicle insurance premium cost, which are the best car insurance companies and why Geico, National, Progressive, Allstate, Root, State farm, General, or farmers are not always the best bet. Why Dave Ramsey is not always right. Ways to get affordable drivers insurance quotes, how to locate the best cheap automobile insurer for a specific location. For more ways to save on your car insurance rates, see here: https://www.bizmove.com/auto-car-insurance/

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Resources for Accountants

Negotiation skills: How to Bargain and Negotiate [Video]

Bargaining and negotiation are essential skills in both personal and professional life. Whether you're haggling for a better price at a market or negotiating a job offer, mastering these skills can save you money, build stronger relationships, and help you achieve your goals. In this guide, you'll learn the art of bargaining and negotiation in a second-person style, making it easy for you to put these techniques into practice.Get free business and management guides, tools, and worksheets at: https://www.bizmove.com

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Resources for Accountants

All about Stock halt- Easy Explaination- Part 1 [Video]

In this video, you will learn about stock halt, its rules, and how it is triggered.#stockhalt #stockmarket #wallstreetmojo #stockexchange #regulatorChapters:00:00 – Introduction00:35 – What is the stock halt?01:29 – Rules02:17 – Triggers of stock halt02:48 – ConclusionWhat is the stock halt?A stock halt is a scenario where the exchange halts trading in a particular stock for some time.It may be done when a regulatory action is imposed, important news is being anticipated, or a particular stock is just being bought or sold excessively.(Explained in detail in the video)RulesWhen a stock is halted for trading, it is coded with an identification number like T1, T2, T5, H10, etc.When the situation arises for halting trading in a particular stock, the exchange announces a halt to all brokers.Triggers of stock haltIf the stock price fluctuates up and down due to high volatility, then the exchange will either halt the trading, or the circuit breakers will be activated.Trading halts have been put into place so that a select group of individuals with significant capital does not manipulate prices to their whims and fancies.This will be all for this video. Subscribe to the channel, like the video, and share it with others.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo