Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

On Dctober 1,2022, Nespresso sold some merchandse to Gloria Jeans Coffee for $84,000. In payment, Nospresso agreed to accept a 74 oote requiring the receipt

On Dctober 1,2022, Nespresso sold some merchandse to Gloria Jeans Coffee for $84,000. In payment, Nospresso agreed to accept a 74 oote requiring the receipt of intecest and principil selectone a. 51,470 credit to inserest receivable b. 35.800 debit to interest payatle c $34.000 debit to note recewable d. \$2.940 debit to interest expense e $4,410 credn to interest revenue

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

Students also viewed these Accounting questions

Question

Any other thoughts about culturally competent practice with members of this culture?

Answered: 1 week ago

Question

★★★★★

Brads Bicycle Shop sells 21-speed bicycles. For purposes of a cost- volume-profit analysis, t he shop owner has divided sales into two categories, as follows: Seventy percent of the shops sales are...

Answered: 1 week ago

Question

★★★★★

is the value customers give up or exchange to obtain a desired product. Select one: a. Price b. Contribution Margin c. Exchange Value d. Profit e. Revenue

Answered: 1 week ago

Question

★★★★★

On July 8, Jones Inc. issued an $81,700, 6%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends July 31. Using a 360-day year, what is the amount of interest expense...

Answered: 1 week ago

Question

★★★★★

Determine miller indices of plane X z 2/3 90% a/3

Answered: 1 week ago

Question

★★★★★

For this discussion, will reference your course textbook in addition to your results from the Self-Assessment: Which Benefits Are Important to You? Describe the benefits package at your organization...

Answered: 1 week ago

Question

★★★★★

1. Financial institutions use stress tests of CCR as a credit risk which allows them to advance beyond simple stresses of current exposure. These tests permit the accumulation of losses due to loan...

Answered: 1 week ago

Question

★★★★★

Consider a simple 8-bit configuration register, where each bit sets the configuration of 8 different pins ([7...0]), where setting a bit to 0 means configuring input and setting 1 means output: char...

Answered: 1 week ago

Question

★★★★★

Think about French and Raven's model and discuss how you have used power in the past (at work, school, in relationships, or with your family, etc.). Think about a specific example. How did it feel to...

Answered: 1 week ago

Previous Question Next Question