At the beginning of Year 1, Mesa Corporation placed $10,000 in a savings account at 9%.
A. Assuming no withdrawals, complete the following tabulation (round to the nearest dollar).
B. Give the required journal entry at the end of Year 10 to record only the year 10 earnings: $$\begin{array} { | l | l | l | }
\hline \text { Year-end } & \text { Balance in the Savings Account } & \text { Total Interest Earned to Date } \
\hline 3 & & \
\hline 9 & & \
\hline 10 & & \
\hline
\end{array}$$

Question

At the beginning of Year 1, Mesa Corporation placed $10,000 in a savings account at 9%.
A. Assuming no withdrawals, complete the following tabulation (round to the nearest dollar).
B. Give the required journal entry at the end of Year 10 to record only the year 10 earnings: $$\begin{array} { | l | l | l | } 
\hline \text { Year-end } & \text { Balance in the Savings Account } & \text { Total Interest Earned to Date } \
\hline 3 & & \
\hline 9 & & \
\hline 10 & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of At the beginning of Year 1, Mesa Corporation placed $10,000 in a savings account at 9%.
A. Assuming no withdrawals, complete the following tabulation (round to the nearest dollar).
B. Give the required journal entry at the end of Year 10 to record only the year 10 earnings: $$\begin{array} { | l | l | l | } 
\hline \text { Year-end } & \text { Balance in the Savings Account } & \text { Total Interest Earned to Date } \
\hline 3 & & \
\hline 9 & & \
\hline 10 & & \
\hline
\end{array}$$

At the Beginning of Year 1, Mesa Corporation Placed $10,000