Homework Answers
Journal entry
| Date | general journal | Debit | Credit |
| Jan 5 | Account receivable-Rian Company | 3700 | |
| Sales revenue | 3700 | ||
| Feb 2 | Notes receivable-Rian Company | 3700 | |
| Account receivable-Rian Company | 3700 | ||
| Feb 12 | Notes receivable-Cato Company | 11520 | |
| Sales revenue | 11520 | ||
| Feb 26 | Account receivable-Malcolm Company | 5500 | |
| Sales revenue | 5500 | ||
| Apr 5 | Notes receivable-Malcolm Company | 5500 | |
| Account receivable-Malcolm Company | 5500 | ||
| Apr 12 | Cash | 11712 | |
| Notes receivable-Cato Company | 11520 | ||
| Interest revenue (11520*10%*2/12) | 192 | ||
| June 2 | Cash | 3811 | |
| Notes receivable-Rian Company | 3700 | ||
| Interest revenue (3700*9%*4/12) | 111 | ||
| June 15 | Notes receivable-Gerri Inc | 1900 | |
| Sales revenue | 1900 | ||
Add Answer to:
On January 1, 2022, Vaughn Manufacturing had Accounts Receivable of $53,700 and Allowance for Doubtful Accounts...
On January 1, 2022, Sunland Company had Accounts Receivable of $54,800 and Allowance for Doubtful Accounts...
On January 1, 2022, Sunland Company had Accounts Receivable of $54,800 and Allowance for Doubtful Accounts of $3,800. Sunland Company prepares financial statements annually. During the year, the following selected transactions occurred: Sold $4,700 of merchandise to Rian Company, terms n/30. Jan. 5 Accepted a $4,700, 4-month, 9% promissory note from Rian Company for balance due. Feb. 2 Sold $10,140 of merchandise to Cato Company and accepted Cato's $10,140, 2-month, 10% note for the balance due. 12 Sold $5,300 of...
Problem 8-06A On January 1, 2022, Windsor, Inc. had Accounts Receivable of $56,300 and Allowance for...
Problem 8-06A On January 1, 2022, Windsor, Inc. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Windsor, Inc. prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $3,500 of merchandise to Rian Company, terms n/30. Accepted a $3,500, 4-month, 9% promissory note from Rian Company for balance due. Sold $13,440 of merchandise to Cato Company and accepted Cato's $13,440, 2-month, 10% note for the balance due. 26 Sold $5,000 of...
Problem 8-06A On January 1, 2022, Kingbird, Inc. had Accounts Receivable of $49,900 and Allowance for...
Problem 8-06A On January 1, 2022, Kingbird, Inc. had Accounts Receivable of $49,900 and Allowance for Doubtful Accounts of $3,500. Kingbird, Inc. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,450 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $3,450, 4-month, 8% promissory note from Rian Company for balance due 12 Sold $11,800 of merchandise to Cato Company and accepted Cato's $11,800, 2-month, 9 % note for the balance due....
On January 1, 2022, Nash's Trading Post, LLC had Accounts Receivable of $57,300 and Allowance for...
On January 1, 2022, Nash's Trading Post, LLC had Accounts Receivable of $57,300 and Allowance for Doubtful Accounts of $3,500. Nash's Trading Post, LLC prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $4,500 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $4,500, 4-month, 10% promissory note from Rian Company for balance due. 12 Sold $14,400 of merchandise to Cato Company and accepted Cato's $14,400, 2-month, 10% note for the balance...
Problem 3-6A On January 1, 2012, w horse Co had Accounts Receivable of $56,700 and Allowance...
Problem 3-6A On January 1, 2012, w horse Co had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wiadhorse co prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $3,200 of merchandise to Rian Company, terms 30. Feb. 2 Accepted a $3,200, 4-month, 9 promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note for 12 the balance due...
Current Attempt in Progress On January 1, 2017, Sheffield Corp. had Accounts Receivable of $56,300 and...
Current Attempt in Progress On January 1, 2017, Sheffield Corp. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Sheffield Corp. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $4,400 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $4,400, 4-month, 9% promissory note from Rian Company for balance due. 12 Sold $11,280 of merchandise to Cato Company and accepted Cato's $11,280, 2-month, 10% note for the balance...
Question 3 View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. had Accounts...
Question 3 View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wildhorse Co. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,200 of merchandise to Rian Company, terms 1/30, Feb. 2 Accepted a $3,200, 4-month, 9% promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note...
please help with this accounting question! Question 3 View Policies Current Attempt in Progress On January...
please help with this accounting question!
Question 3 View Policies Current Attempt in Progress On January 1, 2022. Sheffield Corp. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Sheffield Corp. prepares financial statements annually During the year, the following selected transactions occurred: Jan 5 Sold $4,400 of merchandise to Rian Company, terms 30 Feb. 2 Accepted a $4,400,4-month, 9% promissory note from Rian Company for balance due 12 Sold $11.280 of merchandise to Cato Company and...
Question 5 On January 1, 2017, Larkspur SA had Accounts Receivable €101,100 and Allowance for Doubtful...
Question 5 On January 1, 2017, Larkspur SA had Accounts Receivable €101,100 and Allowance for Doubtful Accounts €7,400. Larkspur prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Jan. 5 Sold €10,800 of merchandise to Patrick Co., terms n/30. Feb. 2 Accepted an €10,800, 4-month, 4% promissory note from Patrick for the balance due. 12 Sold €10,200 of merchandise to Marguerite SA and accepted Marguerite’s €10,200, 2-month, 7% note for the balance due. 26...
Question 5 On January 1, 2017, Buffalo SA had Accounts Receivable €96,630 and Allowance for Doubtful Accounts €9,700. Bu...
Question 5
On January 1, 2017, Buffalo SA had Accounts Receivable €96,630
and Allowance for Doubtful Accounts €9,700. Buffalo prepares
financial statements annually at December 31. During the year, the
following selected transactions occurred.
Jan. 5
Sold €7,800 of merchandise to Patrick Co., terms n/30.
Feb. 2
Accepted an €7,800, 4-month, 5% promissory note from Patrick
for the balance due.
12
Sold €16,200 of merchandise to Marguerite SA and accepted
Marguerite’s €16,200, 2-month, 6% note for the balance due.
26...
On January 1, 2022, Sunland Company had Accounts Receivable of $54,800 and Allowance for Doubtful Accounts of $3,800. Sunland Company prepares financial statements annually. During the year, the following selected transactions occurred: Sold $4,700 of merchandise to Rian Company, terms n/30. Jan. 5 Accepted a $4,700, 4-month, 9% promissory note from Rian Company for balance due. Feb. 2 Sold $10,140 of merchandise to Cato Company and accepted Cato's $10,140, 2-month, 10% note for the balance due. 12 Sold $5,300 of...
Problem 8-06A On January 1, 2022, Windsor, Inc. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Windsor, Inc. prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $3,500 of merchandise to Rian Company, terms n/30. Accepted a $3,500, 4-month, 9% promissory note from Rian Company for balance due. Sold $13,440 of merchandise to Cato Company and accepted Cato's $13,440, 2-month, 10% note for the balance due. 26 Sold $5,000 of...
Problem 8-06A On January 1, 2022, Kingbird, Inc. had Accounts Receivable of $49,900 and Allowance for Doubtful Accounts of $3,500. Kingbird, Inc. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,450 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $3,450, 4-month, 8% promissory note from Rian Company for balance due 12 Sold $11,800 of merchandise to Cato Company and accepted Cato's $11,800, 2-month, 9 % note for the balance due....
On January 1, 2022, Nash's Trading Post, LLC had Accounts Receivable of $57,300 and Allowance for Doubtful Accounts of $3,500. Nash's Trading Post, LLC prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $4,500 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $4,500, 4-month, 10% promissory note from Rian Company for balance due. 12 Sold $14,400 of merchandise to Cato Company and accepted Cato's $14,400, 2-month, 10% note for the balance...
Problem 3-6A On January 1, 2012, w horse Co had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wiadhorse co prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $3,200 of merchandise to Rian Company, terms 30. Feb. 2 Accepted a $3,200, 4-month, 9 promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note for 12 the balance due...
Current Attempt in Progress On January 1, 2017, Sheffield Corp. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Sheffield Corp. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $4,400 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $4,400, 4-month, 9% promissory note from Rian Company for balance due. 12 Sold $11,280 of merchandise to Cato Company and accepted Cato's $11,280, 2-month, 10% note for the balance...
Question 3 View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wildhorse Co. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,200 of merchandise to Rian Company, terms 1/30, Feb. 2 Accepted a $3,200, 4-month, 9% promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note...
please help with this accounting question!
Question 3 View Policies Current Attempt in Progress On January 1, 2022. Sheffield Corp. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Sheffield Corp. prepares financial statements annually During the year, the following selected transactions occurred: Jan 5 Sold $4,400 of merchandise to Rian Company, terms 30 Feb. 2 Accepted a $4,400,4-month, 9% promissory note from Rian Company for balance due 12 Sold $11.280 of merchandise to Cato Company and...
Question 5
On January 1, 2017, Buffalo SA had Accounts Receivable €96,630
and Allowance for Doubtful Accounts €9,700. Buffalo prepares
financial statements annually at December 31. During the year, the
following selected transactions occurred.
Jan. 5
Sold €7,800 of merchandise to Patrick Co., terms n/30.
Feb. 2
Accepted an €7,800, 4-month, 5% promissory note from Patrick
for the balance due.
12
Sold €16,200 of merchandise to Marguerite SA and accepted
Marguerite’s €16,200, 2-month, 6% note for the balance due.
26...
Most questions answered within 3 hours.
-
A check-processing center uses exponential smoothing to forecast
the number of incoming checks each month. The...
asked 2 minutes ago -
Teams with high levels of ______ and ______ deal with task
conflict better than those without...
asked 13 minutes ago -
Create a C++ project called lab3b and add the following source
code init_struct.cpp to the project....
asked 24 minutes ago -
12.
A budget that can be easily adjusted to show budgeted revenues,
costs, and cash flows...
asked 32 minutes ago -
________ unemployment changes slowly and depends on
________.
Select one:
a. Frictional; the rate at which...
asked 1 hour ago -
These surveys collect information in low- and
middle-income countries regarding the total fertility rate and the...
asked 1 hour ago -
I need to determine the concentration of hydrogen peroxide in a
solution using titrimetric analysis
25...
asked 1 hour ago -
Your are the Vice-President of operations for a New Orleans food
chain. In the aftermath of...
asked 1 hour ago -
Create a flowchart and a program; test the program. Program
Requirements.
- There are 10 members...
asked 1 hour ago -
Which of the following is not a sensory receptor?
a. a hair cell
b. a rod
c. a...
asked 1 hour ago -
Does the launch speed depend significantly upon the launching
angle? Is it reasonable?
asked 2 hours ago -
A disc of moment of inertia 3.00 kgm2 is rotating with angular
velocity 2.00 rad/s about...
asked 1 hour ago