1st page for que no.1 and 2 and 3rd page for 2nd que
Instructions Received $810 from Jean Tooley and wrote off the remainder 15. Apr owed of $4,820...
Mar. 17 Received $930 from Shawn McNeely and wrote off the remainder owed of $4,320 as uncollectible. July 29 Reinstated the account of Shawn McNeely and received $4,320 cash in full payment. Journalize the above transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles
entires for notes recievable Entries for notes receivable Instructions Chart of Accounts Starting Questions Instructions Spring Designs & Decorators issued a 180-day, 5% note for $82,600, dated April 13 to Jaffe Furniture Company on account Required: A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year when calculating interest. C. Journalize the entries to record the following: (1) receipt of the note by Jaffe Furniture and (2) receipt of payment...
Instructions Valley Designs issued a 120-day, 7% note for $65,400, dated April 15 to Bork Fumiture Company on account. Required: A. Determine the due date of the note. B. Determine the matunity value of the note. Assume a 360-day year. Round your answer to the nearest dolar. C. Journalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity. Refer to the Chart of Accounts for...
Spring Designs & Decorators issued a 180-day, 7% note for $65,400, dated April 13 to Jaffe Furniture Company on account. Entries for notes receivable A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year when calculating interest. C. (1) Journalize the entry to record the receipt of the note by Jaffe Furniture. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE...
Entries for notes payable Instructions Chart of Accounts Journal Instructions A business issued a 45-day, 4% note for $180,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles.a. Journalize the entry to record the issuance of the note on January 1. Refer to the Chart of Accounts for...
Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Required: a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles.
Guzman Company received a 60-day, 5% note for $57,000 dated July 12 from a customer on account. Required: a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles.
Valley Designs issued a 120-day, 6% note for $80,000 dated April 20 to Bork Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year. C. Journalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles.
Ramsey Company issues an $535,000, 45-day note to Buckner Company for merchandise inventory. Buckner discounts the note at 4%. Required: A. Journalize Ramsey's entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note on January 1. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Buckner's entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the receipt of the note on...
Calculator Print Item Show Me How еВook Entries for uncollectible accounts, using direct write-off method Chart of Accounts Journal Instructions Instructions Sold merchandise on account to Dr. Kyle Norby, $17,190. The cost of the goods sold was $9,550 19 Jan. Received $5,500 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as 2 June uncollectible. Reinstated the account of Dr. Kyle Norby that had been written off on June 2 and received $11,690...