Business, 02.01.2020 23:31, pinklavalamp
On november 1, orpheum company accepted a $10,000, 90-day, 8% note from a customer settle an account.
what entry should be made on the november 1 to record the note acceptance?
a- debit note receivable $10,000; credit cash $10,000.
b- debit note receivable $10,000; credit accounts receivable $10,000.
c- debit note receivable $10,000; credit sales $10,000.
d- debit cash $10,000; credit sales $10,000.
e- debit sales $10,000; credit accounts receivable $10,000.
Answers: 3
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Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
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