NN billed OTT for $960 of advertising services provided this month on account. OTT repaired some of NN’s equipment this month, for $211 on account. NN collected $960 cash from OTT for the advertising services provided in (a).NN paid $74 cash to OTT for OTT advertising NN’s online newspaper this month on OTT’s Website. OTT and NN signed a promissory note, documenting OTT’s $1,500 cash loan to NN this month with repayment to occur in six months. Required:Show the journal entries that OTT would record for items (a)–(e).Show the journal entries that NN would record for items (a)–(e).
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 22:30, lejeanjamespete1
What is the connection between digital transformation and customer experience
Answers: 2
Business, 22.06.2019 12:40, notorius315
Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?
Answers: 2
Business, 22.06.2019 19:40, raymondleggett44
When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?
Answers: 1
Business, 22.06.2019 19:50, hdkdkdbx
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
Do you know the correct answer?
NN billed OTT for $960 of advertising services provided this month on account. OTT repaired some of...
Questions in other subjects:
Mathematics, 25.02.2021 05:00
Chemistry, 25.02.2021 05:00
Mathematics, 25.02.2021 05:00
