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

Question

1 Approved Answer

Question 20 1 pts 20. Mark Industries issues a note in the amount of $45,000 on August 1, 2018 in exchange for the sale of

image text in transcribed
Question 20 1 pts 20. Mark Industries issues a note in the amount of $45,000 on August 1, 2018 in exchange for the sale of merchandise. Which of the following is the correct journal entry for this sale? A. Cash 45,000 Sales Revenue 45,000 B. Cash 45,000 Notes Receivable: Mark 45,000 C. Accounts Receivable: Mark 45,000 Sales Revenue 45,000 D. Notes Receivable: Mark 45,000 Sales Revenue 45,000 o B

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

Accounting Principles Understanding Important Terms And Principles Of Accounting

Accounting Principles Understanding Important Terms And Principles Of Accounting

Authors: Lyndsay Sudduth

1st Edition

B0B5KV57NJ, 979-8840104033

More Books

Students also viewed these Accounting questions

Question

★★★★★
In Fig. 33-51, light is incident at angle θ1 40.1 on a boundary between two transparent materials. Some of the light travels down through the next three layers of transparent materials,...

Answered: 1 week ago

Question

★★★★★
In the business plan the consultants estimate of club membership is as follows: The consultants also estimate membership fees as follows: No. of members Probability of occurrence Year 1 Year 2...

Answered: 1 week ago

Question

★★★★★
Determine what dreams, jokes, and slips of the tongue have in common.

Answered: 1 week ago

Question

★★★★★
Retention factors for three solutes separated on a C8 nonpolar stationary phase are listed in the table on the next page. Eluent was a 70:30 (vol/vol) mixture of 50 mM citrate buffer (adjusted to pH...

Answered: 1 week ago

Question

★★★★★
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are:...

Answered: 1 week ago

Question

★★★★★
Ally Manufacturing uses a standard cost system and its July production of 3,600 units involved actual direct labor costs of $452,600 for 7,300 hours worked (AQ). The budget for July called for...

Answered: 1 week ago

Question

★★★★★
The company named Canadian Shield will enter the market of China, Japan, and Germany; Please make an international business environmental Socio-Cultural analysis for China, Japan, and Germany in the...

Answered: 1 week ago

Question

★★★★★
Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $56 per unit. The company's unit costs at this level of...

Answered: 1 week ago

Question

★★★★★
Now that you've explained it, your Events Manager at Hilton believes LEED is a good idea, but that becoming a Zero Carbon certified building is a better path to take. There are a number of strategies...

Answered: 1 week ago

Question

★★★★★
HW 5 (due on Wednesday, December Tuesday, December 8, at 11:59 pm). For all questions, please feel free to use Excel. Please write down the relevant formulas and explanations. You do not need to show...

Answered: 1 week ago

Question

★★★★★
Five years ago, a typical non-food prime site retailer starting out and looking to reach its optimum market might have targeted as many as 200 sites to trade from. Three years ago, that figure would...

Answered: 1 week ago

Question

★★★★★
2. Observe a press conference on television. Who is being interviewed? Who is conducting the interview? What is the goal of the press conference? How is control distributed? List five questions that...

Answered: 1 week ago

Question

★★★★★
5. Create a questionnaire that you will use the next time you visit a physician. Focus your questions on what is already known about your condition and what you want to know about possible treatment....

Answered: 1 week ago

Question

★★★★★
4. Devise an interview strategy from the interviewers point of view

Answered: 1 week ago

Previous Question Next Question