FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

q4 pls provide Complete solution thank you Question 4 2 pts On November 16, 2020. an entity borrowed P260.000 from a bank by issuing a

image text in transcribed

q4 pls provide Complete solution thank you

Question 4 2 pts On November 16, 2020. an entity borrowed P260.000 from a bank by issuing a 90 day. noninterest bearing note. The bank discounted this note at 14% and remitted to the entity the difference. Determine the balance of the note payable presented in the December 31, 2020 statement of financial position

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Auditing And Assurance Services

Auditing And Assurance Services

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Strawser

2nd Edition

0073128244, 9780073128245

Students also viewed these Accounting questions

Question

★★★★★
Consider the regression model for the NFL data in Exercise 12-4. (a) What proportion of total variability is explained by this model? (b) Construct a normal probability plot of the residuals. What...

Answered: 1 week ago

Question

★★★★★
A piston/cylinder arrangement with a linear spring similar to Fig. P3.105 contains R-134a at 60 F, x = 0.6 and a volume of 0.7 ft 3 . It is heated to 140 F, at which point the specific volume is...

Answered: 1 week ago

Question

★★★★★
Many women who live in Latin America make clothes in a U.S.-run sweatshop (a factory that violates labor laws); these women typically earn about $1.00 an hour. True or False

Answered: 1 week ago

Question

★★★★★
List some reasons why an employee might embezzle cash from his employer and the evidence that would determine which reason (or reasons) could provide the pressure to motivate a person to embezzle....

Answered: 1 week ago

Question

★★★★★
Howarth Manufacturing Company purchased equipment on June 30, 2017, at a cost of $180,000. The residual value of the equipment was estimated to be $15,000 at the end of a five-year life. The...

Answered: 1 week ago

Question

★★★★★
Despite the fact that Katie Long performed very well in her job as a customer service representative at the Pepperdine Corporation, she ended up getting only an average performance rating from her...

Answered: 1 week ago

Question

★★★★★
We Like Sweaters, Arts, and Sweets," also known as "WLSAS," recently purchased many products. First, they purchased sweaters from a factory in China. The manufacturing processes were as follows: the...

Answered: 1 week ago

Question

★★★★★
Given x = [1,2,3,4] and y = [6,5,7,10], please find a line of best fit that satisfies y = B1 B2x. Your task is to solve the values of B1 and B2 using the least squares approach and applying the...

Answered: 1 week ago

Question

★★★★★
A stacked column chart was selected (Fig. 1) when visualizing customer characteristicsbecause allows for quick comparison across various categories. Stacked column charts are usefulwhen an...

Answered: 1 week ago

Question

★★★★★
Flu-related pandemics are not new phenomena and they have taken the valuable lives of millions over centuries. COVID-19, like other flu viruses, causes mild-to-severe respiratory illnesses that can...

Answered: 1 week ago

Question

★★★★★
Look at the test script test.py. You can see that there is space for an additional test case in the test procedure test_avg. We want you to test the function on range(10,20). To do this: Create a...

Answered: 1 week ago

Question

★★★★★
=+media platform you like. Evaluate and note the current social media trends highlighted for this country in the We Are Social and Hootsuite global social media report, available at...

Answered: 1 week ago

Question

★★★★★
=+4. What ethical and professional guidelines do journalists and media professionals need to follow when it comes to social media?

Answered: 1 week ago

Question

★★★★★
=+1. Of the four areas covered in this chapter (sports, entertainment, crisis communication, and journalism), which profession would you want to pursue, and why?

Answered: 1 week ago

Previous Question Next Question