Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

On 1 July 2022 ,Abc Bhd sold goods to Alan Bhd for RM900,000 in exchange for 4 year zero interest bearing note with a face

On 1 July 2022 ,Abc Bhd sold goods to Alan Bhd for RM900,000 in exchange for 4 year zero interest bearing note with a face amount of RM 1,1416,163. The goods have an inventory cost on AbC's books of RM590,000. prepare a journal entry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Regulations Audit Market Structure And Financial Reporting Quality Foundations And Trends R In Accounting

Authors: Christopher Bleibtreu, Ulrike Stefani

1st Edition

1680839004, 978-1680839005

More Books

Students also viewed these Accounting questions

Question

★★★★★

Locate the homepages for the following organizations and prepare a brief critique (one to three pages, perhaps with attachments) of the contents of each site: 1. Governmental Accounting Standards...

Answered: 1 week ago

Question

★★★★★

Question 14 Not yet answered Marked out of 10.00 Flag question Why environmentally friendly designs are improving in the modern period. Explain any four guidelines for environment friendly...

Answered: 1 week ago

Question

★★★★★

=+20.27. t Let 0 and $ be the longitude and latitude of a random point on the surface of the unit sphere in R3. Show that 0 and $ are independent, 0 is uniformly distributed over [0,2m), and $ is...

Answered: 1 week ago

Question

★★★★★

Two oppositely charged. Identical insulating spheres, each 50.0 cm in diameter and carrying a uniform charge of magnitude 175 µC are placed 1.00 m apart center to center (Fig). (a) If a...

Answered: 1 week ago

Question

★★★★★

Intrinsic Value What is the intrinsic value of a call option? Of a put option? How do we interpret these values?

Answered: 1 week ago

Question

★★★★★

How do financial markets benefit investors? How do they benefit companies? What preconditions can you think of that are necessary for financial markets to be able to function properly? undefined

Answered: 1 week ago

Question

★★★★★

Ithaca Transport serves a variety of customers, from individual consumers needing a single item delivered, to large manufacturers or wholesalers needing to ship goods to the other side of the world....

Answered: 1 week ago

Question

★★★★★

dentify one challenge or opportunity that you will address as a consultant for medtronic. In your speaker notes, explain the basis or rationale behind this selection. Remember, you are creating a...

Answered: 1 week ago

Question

★★★★★

At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash $ 33,630 10,000...

Answered: 1 week ago

Question

★★★★★

Vanessa is planning on conducting a study that looks into how listening to music impacts learning. Specifically, she wants to know how well people can learn while listening to their favorite, or...

Answered: 1 week ago

Question

★★★★★

Please read Smith v. Goguen , 415 U.S. 566 (1974), available at https://scholar.google.com/scholar_case?case=14723025391522670978&hl=en&as_sdt=2&as_vis=1&oi=scholarr After reading the above case,...

Answered: 1 week ago

Question

★★★★★

(Appendices) AGING RECEIVABLES AND UNCOLLECTIBLE ACCOUNT EXPENSE. Perkinson Corporation sells paper products to a large number of retailers. Perkinsons accountant has prepared the following aging...

Answered: 1 week ago

Question

★★★★★

(Appendices) INTERNAL CONTROL FOR SALES. Yancys Hardware has three stores. Each store manager is paid a salary plus a bonus on the sales made by his or her store. On January 5, 19x6, Bill Slick,...

Answered: 1 week ago

Question

★★★★★

(Appendices) What is a sales discount? How can sales discounts be recorded? LO9

Answered: 1 week ago

Previous Question Next Question