Jasper makes a 586000, 90-day cash loan to Clayton Co Jasper's entry to record the traction...
jasper makes a $47,000, 90-day, 7% cash loan to clayborn co. Jasper's entry to record the collection of the note and interest at maturity should be
iz Saved Jasper makes a $85,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $85,000; credit Cash $85,000. O Debit Accounts Receivable $85,000; credit Notes Receivable $85,000. Debit Cash $85,000 credit Notes Receivable for $85,000 Debit Notes Payable $85.000 credit Accounts Payable $85,000 < Prey 3 of 20 !!! Night lagt > The interest accrued on $4,000 at 6% for 45 days is: (Use 360 days a...
17) Jasper makes a $89,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: A) Debit Notes Receivable for $89,000; credit Cash $89,000. B) Debit Notes Payable $89,000: credit Accounts Payable $89,000. C) Debit Accounts Receivable $89,000; credit Notes Receivable $89,000. D) Debit Notes Receivable $89.000; credit Sales $89,000. E) Debit Cash $89,000; credit Notes Receivable for $89,000. 18) Jasper makes a $50,000, 90-day, 9,0% cash loan to Clayborn Co. Jasper's entry to record...
Third National Bank makes a S29.000. 90-day, 90% cash loan to Equit Co. which of entry that Third National Bank should record assuming Equit Co. pays the Bank the amount due on the maturity date of the note? (Use 360-day year with 30 days each month) the answer choices is the Correct journal Mutiple Choice Debit Notes Payable $29,000 Debit Interest Expense $2,610, credit Cash $31610 Debit Cash $29,652.50, credit Notes Receivable for $29 652 50 Debit Cash $31,610, credn...