Question: Record the following note receivable transactions in the journal of 153171
Record the following note receivable transactions in the journal of Celtic Realty. How much interest revenue did Celtic earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearestdollar.
Answer to relevant QuestionsAssume Tradesmen Credit Union completed these transactions:Show what the company would report for these transactions on its 2010 and 2011 balance sheets and incomestatements.Multiple Choice Questions1. United First Bank, the nationwide banking company, owns many types of investments.Assume that United First Bank paid $700,000 for trading securities on December 3. Two weeks later United First ...Healthy Meal completed the following selected transactions.2010Oct 31 Sold goods to Buy Low Foods, receiving a $34,000, three-month, 5.25% note.Dec 31 Made an adjusting entry to accrue interest on the Buy Low Foods ...The comparative financial statements of Gold Pools, Inc., for 2011, 2010, and 2009 included the following select data:Requirements1. Compute these ratios for 2011 and 2010:a. Current ratiob. Acid-test ratioc. Days sales in ...Use the data given in Short Exercise. Assume that in November 2011, Fall Motors sold half its investment in Yuza Motors. The sale price was $155 million. Compute Fall Motors gain or loss on the sale.
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