Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Young Company lends Dobson industries $40,000 on August 1, 2019, accepting a 9- month, 12% interest...
33. Yang Company lends Dobbs Industies $40,000 on August 1, 2017, accepting a 9-mon note. (a)...
33. Yang Company lends Dobbs Industies $40,000 on August 1, 2017, accepting a 9-mon note. (a) What is the total amount of interest that Dobbs will owe to Yang Company? (b) When Yang prepares its financial statements on December 31, 2017, what adjusting journal entry wil it need to make? Assume no interests accruals have been recorded since August 1, 2017. (c) What entry will Yang make to record the collection of the note and interest at its maturity date?...
Shed Carpends Riverbed Industries $54000 on August 1, 2022, accepting a it make to record the...
Shed Carpends Riverbed Industries $54000 on August 1, 2022, accepting a it make to record the collection of the note and interest at its maturity date? interest at its December 31, 2022 year end, what entry must Cash Not Receivable Interest Revenue 54000 Notes Receivable Interest Receivable Notes Receivable res Receivable T Nates Receivable
Orole Company lends Riverbed industries 554000 on January 1, 2022, accepting 9-month that it will eventually...
Orole Company lends Riverbed industries 554000 on January 1, 2022, accepting 9-month that it will eventually be able to collect the debt, which of the following entries should most interest note Riverbed ly be made by Orole? shoot the note and does not pay at maturity but Oriol expects Accounts Receivable Notes Receivable 54000 Interest Revenue O Cash Nos Receivable Accounts Receivable Neces Recevable Interest Recevable Accounts Receivable Notece
Novak Corp. lends Sunland Company $63600 on August 1, 2017, accepting a 9-month, 15% interest note. If Novak Corp. prepa...
Novak Corp. lends Sunland Company $63600 on August 1, 2017, accepting a 9-month, 15% interest note. If Novak Corp. prepares its financial statements as of December 31, 2017, what adjusting entry must it make? a. Interest Receivable 3975 Interest Revenue 3975 b. Notes Receivable 3975 Interest Revenue 3975 c. Cash 3975 Interest Revenue 3975 d. Accounts Receivable 3975 Interest Receivable 3975
Sheffield Corp ends Riverbed industries 554000 on August 1 2032 accepting a month, 125erest it make...
Sheffield Corp ends Riverbed industries 554000 on August 1 2032 accepting a month, 125erest it make to record the collection of the note and interes a turity came> Sheed Corp accrued at December 31, 2022 year-end, what entry must Notes Recevable Interest Revenue Not Receivable Interest Receivable interesave 54000 Notes Receivable Interest Rece Interest Revenge 2160 58860
Harper Company lends Hewell Company $160,000 on December 1, accepting a four- month, 6% interest note....
Harper Company lends Hewell Company $160,000 on December 1, accepting a four- month, 6% interest note. Harper Company prepares financial statements on December 31. What adjusting entry should be made before the financial statements can be prepared? debit cash 200, credit interest revenue 200 debit interest receivable 800, credit interest revenue 800 O debit interest receivable 200, credit interest revenue debit note receivable 40,000, credit cash 40,000
32. Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note....
32. Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Accrual Accounting!!! A) Note Receivable 20,000 Cash 20,000 B) Interest Receivable Interest Revenue 100 C) Cash Interest Revenue 100 D) Interest Receivable Interest Revenue 300
please help with these accounting problems! all questions please and thank you! 19. Rosen Company receives...
please help with these accounting problems! all questions please
and thank you!
19. Rosen Company receives a $9,000, 3-month, 6% promissory note from Bay Company in settlement of an open accounts receivable. What entry will Rosen Company make upon receiving the note? A) Notes Receivable 9,135 Accounts Receivable-Bay Company 9,135 B) Notes Receivable 9,135 Accounts Receivable-Bay Company 9,000 Interest Revenue 135 C) Notes Receivable 9,000 Interest Receivable 135 Accounts Receivable Bay Company 9,000 Interest Revenue 135 D) Notes Receivable 9,000...
Save Homework: Chapter 5 Homework Score: 0.5 of 2 pts 9 of 12 (9 complete) S5-10...
Save Homework: Chapter 5 Homework Score: 0.5 of 2 pts 9 of 12 (9 complete) S5-10 (similar to) HW Score: 57.5%, 11.5 of 20 pts Question Help On August 31, 2018, Barb Tisdale borrowed $11,000 from Green State Bank. Tisdale signed a note payable, promising to pay the bank principal plus interest on August 31, 2019. The interest rate on the note is 9%. The accounting year of Green State Bank ends on June 30, 2019. Journalize Green State Bank's...
Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight...
Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a note, agreeing to pay Curvy Company $400,000 for the equipment on December 31, 2021. The market rate of interest for similar notes was 8%. The present value of $400,000 discounted at 8% for three years was $317,532. On January 1, 2019, Straiqht Industries recorded the purchase with a debit to equipment for $317,532 and a credit to notes payable for $317,532....
33. Yang Company lends Dobbs Industies $40,000 on August 1, 2017, accepting a 9-mon note. (a) What is the total amount of interest that Dobbs will owe to Yang Company? (b) When Yang prepares its financial statements on December 31, 2017, what adjusting journal entry wil it need to make? Assume no interests accruals have been recorded since August 1, 2017. (c) What entry will Yang make to record the collection of the note and interest at its maturity date?...
Shed Carpends Riverbed Industries $54000 on August 1, 2022, accepting a it make to record the collection of the note and interest at its maturity date? interest at its December 31, 2022 year end, what entry must Cash Not Receivable Interest Revenue 54000 Notes Receivable Interest Receivable Notes Receivable res Receivable T Nates Receivable
Orole Company lends Riverbed industries 554000 on January 1, 2022, accepting 9-month that it will eventually be able to collect the debt, which of the following entries should most interest note Riverbed ly be made by Orole? shoot the note and does not pay at maturity but Oriol expects Accounts Receivable Notes Receivable 54000 Interest Revenue O Cash Nos Receivable Accounts Receivable Neces Recevable Interest Recevable Accounts Receivable Notece
Sheffield Corp ends Riverbed industries 554000 on August 1 2032 accepting a month, 125erest it make to record the collection of the note and interes a turity came> Sheed Corp accrued at December 31, 2022 year-end, what entry must Notes Recevable Interest Revenue Not Receivable Interest Receivable interesave 54000 Notes Receivable Interest Rece Interest Revenge 2160 58860
Harper Company lends Hewell Company $160,000 on December 1, accepting a four- month, 6% interest note. Harper Company prepares financial statements on December 31. What adjusting entry should be made before the financial statements can be prepared? debit cash 200, credit interest revenue 200 debit interest receivable 800, credit interest revenue 800 O debit interest receivable 200, credit interest revenue debit note receivable 40,000, credit cash 40,000
32. Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Accrual Accounting!!! A) Note Receivable 20,000 Cash 20,000 B) Interest Receivable Interest Revenue 100 C) Cash Interest Revenue 100 D) Interest Receivable Interest Revenue 300
please help with these accounting problems! all questions please
and thank you!
19. Rosen Company receives a $9,000, 3-month, 6% promissory note from Bay Company in settlement of an open accounts receivable. What entry will Rosen Company make upon receiving the note? A) Notes Receivable 9,135 Accounts Receivable-Bay Company 9,135 B) Notes Receivable 9,135 Accounts Receivable-Bay Company 9,000 Interest Revenue 135 C) Notes Receivable 9,000 Interest Receivable 135 Accounts Receivable Bay Company 9,000 Interest Revenue 135 D) Notes Receivable 9,000...
Save Homework: Chapter 5 Homework Score: 0.5 of 2 pts 9 of 12 (9 complete) S5-10 (similar to) HW Score: 57.5%, 11.5 of 20 pts Question Help On August 31, 2018, Barb Tisdale borrowed $11,000 from Green State Bank. Tisdale signed a note payable, promising to pay the bank principal plus interest on August 31, 2019. The interest rate on the note is 9%. The accounting year of Green State Bank ends on June 30, 2019. Journalize Green State Bank's...
Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a note, agreeing to pay Curvy Company $400,000 for the equipment on December 31, 2021. The market rate of interest for similar notes was 8%. The present value of $400,000 discounted at 8% for three years was $317,532. On January 1, 2019, Straiqht Industries recorded the purchase with a debit to equipment for $317,532 and a credit to notes payable for $317,532....
Most questions answered within 3 hours.
-
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 13 minutes ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 27 minutes ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 41 minutes ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 2 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 2 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 4 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 5 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 6 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 6 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 6 hours ago -
75 g of 2-propanol (C3H8O) and 25 g of pentane are mixed in a
200 mL...
asked 6 hours ago -
The 2800-turn coil in a dc motor has an area per turn of 1.1 ×
10-2...
asked 7 hours ago