Solved: Blue hen company has accounts receivable of 400000 which, Accounting Basics

+44 141 628 6080
[email protected]

Blue hen company has accounts receivable of 400000 which

Question - Blue Hen Company has accounts receivable of $400,000 which they use to secure a loan with the Last National Bank of Woonsocket. The bank loans them $375,000 but charges them 3% of accounts receivable as a finance fee and retains $20,000 for distribution later.

Record the loan receipt on the books of Blue Hen.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Blue hen company has accounts receivable of 400000 which

Reference No:- TGS02522843

Now Priced at $25 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Blue hen company has accounts receivable of 400000 which

Reference No:- TGS02522843

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : In the monczka text ch8 the authors state tqm puts the

Q : Discuss how the metaphors in this class can acts as a road

Q : Annmarie is trying to decide whether to take the train or

Q : What implications for instruction would result if learning

Q : Blue hen company has accounts receivable of 400000 which

Q : Define sublime as the romantics used the term google

Q : Charles julia and alex are in grades 4 3 and 2 respectively

Q : What are the three possible genotypes shown as letter

Q : Jcpenneys new ceo marvin ellison created a strategy that