On August 2, 2015, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
Oct 31 Cash 6180 Notes Recei...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
A business issued a 90-day, 15% note for $91,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including...
-
On August 2, 2011, Passat Co. receives a $9,000, 90-day, 6% note from customer Dee Kissick as payment on her $9,000 account. Prepare Passats journal entries for August 2 and for the notes maturity...
-
Information regarding Carperk Company's individual investments in securities during its calendar-year 2015, along with the December 31, 2015, fair values, follows. a. Investment in Brava Company...
-
The following data were gathered to use in reconciling the bank account of Torres Company: Balance per bank ................................... $14,385 Balance per company records ...................
-
If the used car market is a lemons market, how would you expect the repair record of used cars that are sold to compare with the repair record of those not sold?
-
Distinguish between a range check and a reasonableness check. Why is a reasonableness check not a field-level check?
-
What does CFF stand for? What organization provides this certificate?
-
Depreciation for Partial PeriodsSL, Act, SYD, and DDB the cost of equipment purchased by Charleston, Inc., on June 1, 2010 is $89,000. It is estimated that the machine will have a $5,000 salvage...
-
How did you got 1800 as standby charges. 4. Jackson was provided with a company car, which he drove 15,400 km for employment duties and 9,000 km for personal use. The car was leased at $500 per...
-
Part A (1 of 2) Draw the curved arrows for Step 2 of this mechanism. Arrow-pushing Instructions H CH3 CH3 Step 2 H. H H3C, H2 CH2 H3C Next (1 of 2) Previous Nex Recheck
-
On August 2, 2015, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account. (1) Compute the maturity date for this note. (2) Prepare Juns journal entry...
-
Daw Companys December 31 year-end unadjusted trial balance shows a $10,000 balance in Notes Receivable. This balance is from one 6% note dated December 1, with a period of 45 days. Prepare any...
-
Consider the well failure data is given below. Let A denote the event that the geological formation has more than 1000 wells, and let B denote the event that a well failed. Determine the following...
-
You are the managerial accountant for Behr Dcor, which manufactures four different types of paint job for their customers in one shift. The production manager comes to you seeking your advice on how...
-
Carol has decided to try and calculate her Manufacturing Overhead (MOH) allocation with a departmental rate rather than using a plant-wide rate. She works for Sheridan, Inc., a factory that produces...
-
A new fuel being developed for use in internal combustion engines consists of ( 1 ) / ( 2 ) methanol and ( 1 ) / ( 2 ) butene - 1 by mole. Calculate: ( a ) Stoichiometric AF . [ kga / kg ] ( b ) AKI.
-
Currently Finch Corporation sells bird feeders for $100 a feeder and the cost of each feeder is $65. Total fixed costs were $200,000 per month. Management is considering the use of an automated...
-
Operating income for Division L is $250,000, total support department allocations are $400,000, and operating expenses are $2,750,000. The revenues for Division L are a. $650,000 b. $3,000,000 c....
-
Mineral compounds containing sulfur are converted to oxygen-containing compounds by a process known as roasting, which involves heating the mineral in the presence of oxygen. In addition to the...
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
We found in Example 33.3 that a light ray is refracted twice when it passes completely through a slab of transparent material (see Figure 33.18). The result of these two refractions is that the...
-
This year Burchard Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling...
-
Sun Co.'s monthly sales and cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs. (Dollar amounts are in...
-
Both Apple and Google sell electronic devices like phones and computers, and each of these companies has a different product mix. Required 1. Assume the following data are available for both...
-
Banks generate profits by earning higher returns on their _ _ _ _ _ _ _ _ _ _ _ _ than they pay in interest on _ _ _ _ _ _ _ _ _ _ _ _ _ . A . liabilities; deposits B . loans; deposits C . deposits;...
-
What is the production function? The production function is the relationship between OA. returns to scale and economies of scale. OB. the output produced by a firm and its cost of production. OC. the...
-
A house is constructed and then sold in 2018. The value of house is included in 2018's GDP. O True O False
Study smarter with the SolutionInn App