Business
Business, 29.11.2020 22:10, Rodny1047

On April 12, Hong Company agrees to accept a 60-day, 6%, $6,900 note from Indigo Company to extend the due date on an overdue account. What is the journal entry that Indigo Company would make, when it records payment of the note on the maturity date? (Use 360 days a year.)A) Debit Cash $7,625; credit Interest Revenue $125; credit Notes Payable $7,500.B) Debit Notes Payable $7,500; debit Interest Expense $188; credit Cash $7,688.C) Debit Notes Payable $7,500; credit Interest Expense $125, credit Cash $7,375.D) Debit Notes Payable $7,500; debit Interest Expense $125; credit Cash $7,625.E) Debit Cash $7,625; credit Interest Revenue $125; credit Notes Receivable $7,500.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 08:30, jor66
An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)
Answers: 1
image
Business, 22.06.2019 09:30, emfranco1
Which are the best examples of costs that should be considered when creating a project budget?
Answers: 2
image
Business, 22.06.2019 13:10, kell22wolf
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
image
Business, 22.06.2019 15:20, amulets5239
Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.
Answers: 3
Do you know the correct answer?
On April 12, Hong Company agrees to accept a 60-day, 6%, $6,900 note from Indigo Company to extend t...

Questions in other subjects: