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Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is obligated to pay $572,000 on 4/30/2022 to the
Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is obligated to pay $572,000 on 4/30/2022 to the obligation in full i Frasquita accrued interest of $15,000 on the note in its 2021 year end financial statements, what amount would it have recorded the equipment for on 6/30/2020 Multiple Choice $572,000 5522000 $537000 $547000 in the balance sheet at the end of its first year of operations, Dinty Inc reported an allowance for uncollectible accounts of $82,800. During the year Dinty wrote of $31.900 of accounts receivable thad attempted to collect and failed Credit sales for the year were $2.280,000, and cash collections from credit customers totaled $1.920,000 What accounts receivable balance would Dinty report in its first year-end balance sheet? Multiple Choice $277.200 O $320.00 O $309300 O None of these answer choices are correct. On November 10 of the current year. Flores Mills sold carpet to a customer for $8,600 with credit terms 4/10.n/30. Flores uses the gross method of accounting for sales discounts What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? Multiple Choice 8.250 Cash Accounts receivable 8,2 Cash Sales Accounts receivable 8.500 o cast Sales Discount Accounts receivable East Sales court Asunt peciva Sa
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