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George Company uses the direct write-off method. On July 12, the company determines that it cannot collect $700 of its accounts receivable from a customer,

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George Company uses the direct write-off method. On July 12, the company determines that it cannot collect $700 of its accounts receivable from a customer, J. Martin. In the journal entry to write off Martin's account, the company will: Allen Company borrows $150,000 cash on November 1, 2019, by signing a 90 day, 9% note with a face value of $150,000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest, assume a 360 day year.) What journal entry will the company record on January 30, 2020? Taylor Company is authorized to issue 5,000 shares of common stock and has 2,000 shares outstanding. On July 1, the company declared a $0.20 per share cash dividend. The July 1 journal entry to record the dividend declaration is as follows: On January 1, 2019, Wave Company issues $100,000,7% bonds at 98. How much money is the company borrowing

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