Homework Answers
Table
| Total through maturity | |
| Principal | 15400 |
| Rate | 10% |
| Time | 180/360 |
| Interest | 770 |
Journal entry
| Date | General Journal | Debit | Credit |
| Mar 21 | Notes receivable | 15400 | |
| Account receivable | 15400 | ||
| Sept 17 | Account receivable | 16170 | |
| Notes receivable | 15400 | ||
| Interest revenue | 770 | ||
| Dec 31 | Allowance for doubtful accounts | 16170 | |
| Account receivable | 16170 | ||
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Following are selected transactions for Ridge Company, Mar. 21 Accepted a $15,400, 180-day, 10% note dated...
Following are selected transactions for Ridge Company Mar. 21 Accepted a $9,500, 180-day, 8x note dated...
Following are selected transactions for Ridge Company Mar. 21 Accepted a $9,500, 180-day, 8x note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note when presented for payment. Dec. 31 After exhausting all legal means of collection, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare...
Following are selected transactions for Ridge Company. Mar. 21 Accepted a $5,400, 180-day, 11t note dated...
Following are selected transactions for Ridge Company. Mar. 21 Accepted a $5,400, 180-day, 11t note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable Sept. 17 Jackson dishonored her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the calculated value...
Following are selected transactions for Ridge Company Mar. 21 Accepted a $13,700, 180-day, 12% note dated...
Following are selected transactions for Ridge Company Mar. 21 Accepted a $13,700, 180-day, 12% note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value...
Following are selected transactions for Ridge Company Mar. 21 Accepted a S16, 000, 180-day, 8% note...
Following are selected transactions for Ridge Company Mar. 21 Accepted a S16, 000, 180-day, 8% note dated March 21 from Tamara Jackson in granting a Sept. 17 Jackson dishonored her note when it is presented for payment. time extension on her past-due account receivable Dec. 31 After exhausting all legal means of collectio n, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the...
Following are transactions for Ridge Company. Mar. 21 Accepted a $9,500, 180-day, 8t note from Tamara...
Following are transactions for Ridge Company. Mar. 21 Accepted a $9,500, 180-day, 8t note from Tamara Jackson in granting a time extension on her past-due account receivable Sept. 17 Jackson dishonored her note Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Use 360 days a year.) Complete...
help me solve this please. thank you Following are transactions for Ridge Company. Mar. 21 Accepted...
help me solve this please. thank you
Following are transactions for Ridge Company. Mar. 21 Accepted a $12,800, 180-day, 78 note from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal...
Following are transactions for Ridge Company. Mar. 21 Accepted a $15, 100, 180-day, 8% note from...
Following are transactions for Ridge Company. Mar. 21 Accepted a $15, 100, 180-day, 8% note from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson' s account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate...
Following are transactions for Ridge Company Mar. 21 Accepted a $4,300, 180-day, 12% note from Tamara...
Following are transactions for Ridge Company Mar. 21 Accepted a $4,300, 180-day, 12% note from Tamara Jackson in granting a tine extension on her past due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations....
The following selected transactions are from Ohlm Company 2014 Accepted a $10,800, 60-day, 8% note dated...
The following selected transactions are from Ohlm Company 2014 Accepted a $10,800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable. Dec. 16 31 Made an adjusting entry to record the accrued interest on the Todd note 2015 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16 Mar. 2 Accepted a $6,100, 89, 90-day note dated this day in granting a time extension on the...
The following selected transactions are from Ohlm Company 2014 Accepted a $10.800, 60-day, 8% note dated...
The following selected transactions are from Ohlm Company 2014 Accepted a $10.800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable. Dec. 16 31 Made an adjusting entry to record the accrued interest on the Todd note 2015 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16 Mar. 2 Accepted a $6,100, 89, 90-day note dated this day in granting a time extension on the...
Following are selected transactions for Ridge Company Mar. 21 Accepted a $9,500, 180-day, 8x note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note when presented for payment. Dec. 31 After exhausting all legal means of collection, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare...
Following are selected transactions for Ridge Company. Mar. 21 Accepted a $5,400, 180-day, 11t note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable Sept. 17 Jackson dishonored her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the calculated value...
Following are selected transactions for Ridge Company Mar. 21 Accepted a $13,700, 180-day, 12% note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value...
Following are selected transactions for Ridge Company Mar. 21 Accepted a S16, 000, 180-day, 8% note dated March 21 from Tamara Jackson in granting a Sept. 17 Jackson dishonored her note when it is presented for payment. time extension on her past-due account receivable Dec. 31 After exhausting all legal means of collectio n, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the...
Following are transactions for Ridge Company. Mar. 21 Accepted a $9,500, 180-day, 8t note from Tamara Jackson in granting a time extension on her past-due account receivable Sept. 17 Jackson dishonored her note Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Use 360 days a year.) Complete...
help me solve this please. thank you
Following are transactions for Ridge Company. Mar. 21 Accepted a $12,800, 180-day, 78 note from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal...
Following are transactions for Ridge Company. Mar. 21 Accepted a $15, 100, 180-day, 8% note from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson' s account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate...
Following are transactions for Ridge Company Mar. 21 Accepted a $4,300, 180-day, 12% note from Tamara Jackson in granting a tine extension on her past due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations....
The following selected transactions are from Ohlm Company 2014 Accepted a $10,800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable. Dec. 16 31 Made an adjusting entry to record the accrued interest on the Todd note 2015 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16 Mar. 2 Accepted a $6,100, 89, 90-day note dated this day in granting a time extension on the...
The following selected transactions are from Ohlm Company 2014 Accepted a $10.800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable. Dec. 16 31 Made an adjusting entry to record the accrued interest on the Todd note 2015 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16 Mar. 2 Accepted a $6,100, 89, 90-day note dated this day in granting a time extension on the...
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