Jan. 3?, 2018?: Recorded credit sales of $ 106 comma 000. Ignore Cost of Goods Sold....
Jan. 3?, 2018?: Recorded credit sales of $ 106 comma 000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Jan. 3 Oct. ?1, 2018?: Loaned $ 15 comma 000 to Karen Pinket?, an executive with the? company, on a? one-year, 16?% note. Date Accounts and Explanation Debit Credit 2018 Oct. 1 Dec. 31?, 2018?: Accrued interest revenue on the Pinket note. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Oct. ?1, 2019?: Collected the maturity value of the Pinket note. ?(Prepare a single compound journal? entry.) Date Accounts and Explanation Debit Credit 2019 Oct. 1
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Jan. 3?, 2018?: Recorded credit sales of $ 106 comma 000. Ignore
Cost of Goods Sold....
please explain why answet is 720 Gold Medal Running Shoes reports the following 2016 Jan. 3...
please explain why answet is 720
Gold Medal Running Shoes reports the following 2016 Jan. 3 Recorded credit card sales of $110,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Oct. 1 Loaned $12,000 to Jerry Pinket, an executive with the company, on a one-year 8% note. Dec. 31 Accrued interest revenue on the Pinket note 2017 Oct 1 Collected the maturity value of the Pinket note. Journalize all entries required for Gold Medal Running Shoes (Record...
Distance Running Shoes reports the following: 2016 May 4 Recorded credit card sales of $96.000, net...
Distance Running Shoes reports the following: 2016 May 4 Recorded credit card sales of $96.000, net of processor fee of 3% Ignore Cost of Goods Sold Sep 1 Loaned $23,000 to Jean Pinket, an executive with the company, on a one-year, 12% note Dec. 31 Accrued interest revenue on the Pinket note 2017 Sep. 1 Collected the maturity value of the Pinket note. Journalize all entries required for Distance Running Shoes (Record debits first, then credits. Select the explanation on...
Quick Running Shoes reports the following Click the icon to view the information) Journalize all entries...
Quick Running Shoes reports the following Click the icon to view the information) Journalize all entries required for Quick Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Feb. 6. 2018Recorded credit sales of $107.000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit 2018 Feb. 6 Accounts Receivable Sales Revenue Record credit sales Jul 1, 2018: Loaned $12,000 to Karen Parker, an executive with the company, on...
Quick Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries...
Quick Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit More Info - X 2024 Apr. 3 96,000 Accounts Receivable Sales Revenue 96,000 2024 Apr. 3 Record credit sales Oct. 1 Recorded credit sales of $96.000. Ignore Cost of Goods Sold. Laaned $17,000 to Karen Parker,...
First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000,...
First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Sep. 1 Loaned $12,000 to Jean Porter, an executive with the company, on a one-year, 8% note. Dec. 31 Accrued interest revenue on the Porter note. 2017 Sep. 1 Collected the maturity value of the Porter note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
Also, please explain why interest revenue and interest receivable answer is 510. Fast Cat Running Shoes...
Also, please explain why interest revenue and interest
receivable answer is 510.
Fast Cat Running Shoes reports the following: 2016 May 6 Recorded credit card sales of $101,000, net of processor fee of 3%. Ignore Cost of Goods Sold Jul. 1 Loaned $17,000 to Tess Pinket, an executive with the company, on a one-year, 6% note. Dec. 31 Accrued interest revenue on the Pinket note. 2017 Jul. 1 Collected the maturity value of the Pinket note. Dec 31, 2016: Accrued...
First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit...
First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit card sales of $93,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Loaned $17,000 to Jackie Parker, an executive with the company, on a one-year, 6% note. Accrued interest revenue on the Parker note. 2017 Oct. 1 Collected the maturity value of the Parker note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
Q2 Ch9 First Place Running Shoes reports the following: i (Click the loon to view the...
Q2 Ch9
First Place Running Shoes reports the following: i (Click the loon to view the information) Joumalize all entries required for First Place Running Shoes (Record debits first, then credits. Select the explanation the last line of the journal entry table) Mar. 2. 2018. Recorded credit sales of $104,000. Igrare Cost of Goods Suld. Date Accounts and Explanation Debit Credit 2018 Mar. 2 i More Info 2018 Mar. 2 Recorded credit sales of $104,000. Ignore Cost of Goods Sold....
Consider the following transactions for Mad Dog Music. (Click the icon to view the transactions.) Journalize...
Consider the following transactions for Mad Dog Music. (Click the icon to view the transactions.) Journalize all transactions for Mad Dog Music, Round all amounts to the nearest dollar (For notes stated in days, use a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Dec. 6: Received a $15,000, 90-day, 10% note in settlement of an overdue accounts receivable from All Star Date Accounts Debit Credit 2018...
A More Info • Sales on account, $420,000. Ignore Cost of Goods Sold. • Collections on...
A More Info • Sales on account, $420,000. Ignore Cost of Goods Sold. • Collections on account, $374,100 • Wrote off accounts receivable as uncollectible: Roho Co., $1,800; Owen Wilson, $900; and Paradise, Inc., $500. • Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 61–90 Days Over 90 Days $ 95,000 $ 43,000 $ 16,000 $ 32,700 0.2% 2% 20% 25% A Requirements...
please explain why answet is 720
Gold Medal Running Shoes reports the following 2016 Jan. 3 Recorded credit card sales of $110,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Oct. 1 Loaned $12,000 to Jerry Pinket, an executive with the company, on a one-year 8% note. Dec. 31 Accrued interest revenue on the Pinket note 2017 Oct 1 Collected the maturity value of the Pinket note. Journalize all entries required for Gold Medal Running Shoes (Record...
Distance Running Shoes reports the following: 2016 May 4 Recorded credit card sales of $96.000, net of processor fee of 3% Ignore Cost of Goods Sold Sep 1 Loaned $23,000 to Jean Pinket, an executive with the company, on a one-year, 12% note Dec. 31 Accrued interest revenue on the Pinket note 2017 Sep. 1 Collected the maturity value of the Pinket note. Journalize all entries required for Distance Running Shoes (Record debits first, then credits. Select the explanation on...
Quick Running Shoes reports the following Click the icon to view the information) Journalize all entries required for Quick Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Feb. 6. 2018Recorded credit sales of $107.000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit 2018 Feb. 6 Accounts Receivable Sales Revenue Record credit sales Jul 1, 2018: Loaned $12,000 to Karen Parker, an executive with the company, on...
Quick Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit More Info - X 2024 Apr. 3 96,000 Accounts Receivable Sales Revenue 96,000 2024 Apr. 3 Record credit sales Oct. 1 Recorded credit sales of $96.000. Ignore Cost of Goods Sold. Laaned $17,000 to Karen Parker,...
First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Sep. 1 Loaned $12,000 to Jean Porter, an executive with the company, on a one-year, 8% note. Dec. 31 Accrued interest revenue on the Porter note. 2017 Sep. 1 Collected the maturity value of the Porter note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
Also, please explain why interest revenue and interest
receivable answer is 510.
Fast Cat Running Shoes reports the following: 2016 May 6 Recorded credit card sales of $101,000, net of processor fee of 3%. Ignore Cost of Goods Sold Jul. 1 Loaned $17,000 to Tess Pinket, an executive with the company, on a one-year, 6% note. Dec. 31 Accrued interest revenue on the Pinket note. 2017 Jul. 1 Collected the maturity value of the Pinket note. Dec 31, 2016: Accrued...
First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit card sales of $93,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Loaned $17,000 to Jackie Parker, an executive with the company, on a one-year, 6% note. Accrued interest revenue on the Parker note. 2017 Oct. 1 Collected the maturity value of the Parker note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the...
Q2 Ch9
First Place Running Shoes reports the following: i (Click the loon to view the information) Joumalize all entries required for First Place Running Shoes (Record debits first, then credits. Select the explanation the last line of the journal entry table) Mar. 2. 2018. Recorded credit sales of $104,000. Igrare Cost of Goods Suld. Date Accounts and Explanation Debit Credit 2018 Mar. 2 i More Info 2018 Mar. 2 Recorded credit sales of $104,000. Ignore Cost of Goods Sold....
Consider the following transactions for Mad Dog Music. (Click the icon to view the transactions.) Journalize all transactions for Mad Dog Music, Round all amounts to the nearest dollar (For notes stated in days, use a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Dec. 6: Received a $15,000, 90-day, 10% note in settlement of an overdue accounts receivable from All Star Date Accounts Debit Credit 2018...
A More Info • Sales on account, $420,000. Ignore Cost of Goods Sold. • Collections on account, $374,100 • Wrote off accounts receivable as uncollectible: Roho Co., $1,800; Owen Wilson, $900; and Paradise, Inc., $500. • Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 61–90 Days Over 90 Days $ 95,000 $ 43,000 $ 16,000 $ 32,700 0.2% 2% 20% 25% A Requirements...
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