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on august 25 champion company received a 90-day 9 percent note in settlement of an account receivable in the amount of
notes receivable journal entries on december 31 2010 oakbrook inc rendered services to begin corporation at an agreed
nadeau wholesalers accepts from nicole stores a 6200 4-month 12 note dated may 31 in settlement of nicoles overdue
journalize the following transactions in the accounts of simmons co a medical equipment company that uses the direct
mrarvind has good amount of savings he wanted to start a business which can give him a good margin of profit he plan to
ranger corp had a beginning balance in accounts receivable of 70000 and an ending balance of 91000 sales during the
on july 23 louie company sold goods costing 3000 on account for 4500 the terms of the sale were n30 payment in
on july 15 goods costing 7000 were sold for 10000 on account the customer returned the goods before paying for them
on june 24 2012 sudweeks company sold merchandise to brooke bowman for 70000 with terms 210 n30 on june 30 bowman paid
on march 1 2012 sun co loaned 12000 to silena co for one year at 6 percent interestrequiredanswer the following
on october 1 2008 jeppo farm equipment company sold a pecan-harvesting machine to lujan brothers farm inc in lieu of a
recording bad debts sandel company reports the following financial information before adjustments prepare the journal
on january 10 2010 gonzalez co sold merchandise on account to ernst for 6000 terms n30 on february 9 ernst gave
on january 16 two credit sales were made one for 200 and one for 300 terms for both sales were 315 n30 cash for the 200
the coca-cola companys receivables turnover ratio was 905 in 2009 and its average amount of net receivables during the
the financial statements of minnesota mining and manufacturing company 3m report net sales of 200 billion accounts
the financial statements of general mills inc report net sales of 5416000000 accounts receivable are 277300000 at the
the trial balance of sparkling jewelry company at the end of its 2012 fiscal year included the following account
solar company sold merchandise on account to kit company for 9000 on june 3 2012 with terms 210 n30 on june 7 2012
smoot companys accounts receivable reveal the following balancesage of accounts receivable balancecurrent
spartan inc regularly sells chemicals to grieder supply on terms 410 n30 and records sales at gross during a recent
refer to the financial statements of tootsie roll industries and the accompanying notes to its financial statements in
triangle companys perpetual inventory records indicate that 111500 of merchandise should be on hand on september 30
multiple choice choose the best answer1 the organization assigned primary responsibility for establishing accounting
what are noncash investing and financing activities provide an example how are such transactions shown on the statement