Business, 15.04.2021 22:30, mattstudy305
Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received the following notes: Date Face Amount Interest Rate Term 1. Mar. 6 $82,000 6% 45 days 2. Apr. 23 28,900 10 60 days 3. July 20 41,400 7 120 days 4. Sept. 6 49,700 7 90 days 5. Nov. 29 26,300 5 60 days 6. Dec. 30 72,000 6 30 days Required: 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. Assume a 360-day year when calculating interest. Round each interest computation to the whole dollar. 2. Journalize the entry to record the dishonor of Note (3) on its due date\.\* 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31\.\* 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January\.\* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest. Round your answers to the nearest whole dollar.
Answers: 1
Business, 22.06.2019 02:00, raylynnreece4939
Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's
Answers: 3
Business, 22.06.2019 21:50, JewelzSkullz
Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing
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Business, 23.06.2019 02:00, Jbutler15
When the two countries did not specialize, the total production of jeans was 23 million pairs per month, and the total production of corn was 68 million bushels per month. because of specialization, the total production of jeans has increased by million pairs per month, and the total production of corn has increased by million bushels per month. because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade?
Answers: 1
Business, 23.06.2019 02:30, winterblanco
How is the role of government determined in the american free enterprise system?
Answers: 2
Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received...
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