Business
Business, 06.09.2019 02:30, maxg7988

A$6,000, 60-day, 12% note recorded on november 21 is not paid by the maker at maturity. the journal entry to recognize this event is a. debit cash, $6,120 credit notes receivable, $6,120b. debit accounts receivable, $6,120 credit notes receivable, $6,000 credit interest receivable, $120c. debit notes receivable, $6,060 credit accounts receivable, $6,060d. debit accounts receivable, $6,120 credit notes receivable, $6,000credit interest revenue, $120

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Business, 31.07.2019 17:10, sophiaa23
On november 1, 2018, quantum technology, a geothermal energy supplier, borrowed $16 million cash to fund a geological survey. the loan was made by nevada banccorp under a noncommitted short-term line of credit arrangement. quantum issued a nine-month, 12% promissory note. interest was payable at maturity. quantum’s fiscal period is the calendar year. required: 1. prepare the journal entry for the issuance of the note by quantum technology. 2. & 3. prepare the appropriate adjusting entry for the note by quantum on december 31, 2018 and journal entry for the payment of the note at maturity.
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Business, 13.08.2019 00:30, carolinaleija12
A$6,000, 60-day, 12% note recorded on november 21 is not paid by the maker at maturity. the journal entry to recognize this event is a. debit notes receivable, $6,060; credit accounts receivable, $6,060 b. debit accounts receivable, $6,120; credit notes receivable, $6,000; credit interest receivable, $120 c. debit accounts receivable, $6,120; credit notes receivable, $6,000; credit interest revenue, $120 d. debit cash, $6,120; credit notes receivable, $6,120
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Business, 11.09.2019 00:30, tylorroundy
On november 1, 2018, quantum technology, a geothermal energy supplier, borrowed $22 million cash to fund a geological survey. the loan was made by nevada banccorp under a noncommitted short-term line of credit arrangement. quantum issued a nine-month, 9% promissory note. interest was payable at maturity. quantum’s fiscal period is the calendar year. required: 1. prepare the journal entry for the issuance of the note by quantum technology. 2. & 3. prepare the appropriate adjusting entry for the note by quantum on december 31, 2018 and journal entry for the payment of the note at maturity.
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A$6,000, 60-day, 12% note recorded on november 21 is not paid by the maker at maturity. the journal...

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