Business, 02.06.2020 19:00, Hazeleyes13
On April 1, Year 1, a company realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting the company's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle. The company agrees to lend $470,000 to its supplier using a 12-month, 11% note.
Record the following transactions for Shoemaker Corporation.
1. The loan of $470,000 and acceptance of the note receivable on April 1, Year 1 (If not entry is required for a transaction/event, select 'No journal entry required' in the first account field.)
2. The adjustment for accrued interest on December 31, Year 1. (If not entry is required for a transaction/event, select 'No journal entry required' in the first account field.)
3. Cash collection of the note and interest on April 1, 2002 (If not entry is required for a transaction/event, select 'No journal entry required' in the first account field.)
Answers: 2
Business, 21.06.2019 21:30, meababy2009ow9ewa
1. gar principles or "the principles"are intended to do what? a. foster an awareness of the hierarchical structure of the organization b. explain the best method of implementing biometric security techniques c. foster an awareness of the importance of good employee training d. foster an awareness of getting upper level management on board in understanding the need to implement an ig program e. foster an awareness of good record keeping principles
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Business, 22.06.2019 22:30, wbrandi118
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Business, 23.06.2019 02:10, chasadyyy
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On April 1, Year 1, a company realizes that one of its main suppliers is having difficulty meeting d...
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