The note receivable dishonored in Question 14 is paid on August 29 by the maker, plus interest

Question:

The note receivable dishonored in Question 14 is paid on August 29 by the maker, plus interest for 30 days, 12%. What entry should be made to record the receipt of the payment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

See More Books

Question Posted: Nov 06, 2012 07:23 AM

See More Questions

The note receivable dishonored in Question 14 is paid on May 30 by the maker, plus interest for 30 days, 9%. What entry should be made to record the receipt of the payment?
The note receivable dishonored in Eye Opener 14 is paid on July 30 by the maker, plus interest for 30 days, 10%. What entry should be made to record the receipt of the payment?
What adjustments should be made to static budgets before they are used for management performance evaluation?
Litchfield Industries gathered the following information for the month ended June 31: The static budget volume is 5000 units: Overhead flexible budget: Number of units 8,000 9,000 10,000 Standard...
Given Enter the matrix A in MATLAB and compute its singular values by setting s = svd(A). (a) To obtain the full singular value decomposition of A, set [U, D, V]= svd(A) Compute the closest matrix of...
Explain the nature of organisational culture and its major manifestations.
Explain the difference between express, implied, and corporate authority.
If you were the project manager, what characteristics would you be looking for in the new control system? Will a new control system be adequate for the problem? Will it control scope creep? Explain....
What are four common mistakes in managing cash? . What are some advantages and disadvantages of using online banking? #3.Compare and contrast a bank with a credit union. #4 What is an advantage and...
A binary classification model is tested on 1000 data points, of which it predicts 200 belonging to the positive class and 750 are predicted correctly as the negative class. Out of 1000, if actually...
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $883,150 and Allowance for Doubtful Accounts has a balance of $123,250. Describe how the...
At the end of the current year, the accounts receivable account has a debit balance of $840,000, and net sales for the year total $7,150,000. Determine the amount of the adjusting entry to provide...
Solve the given ODE. Show the details of your work. (D 4 - 13D 2 + 36I)y = 12e x
Design a plan for developing and implementing school practices with community members, families, and staff to create a more inclusive and culturally responsive school. Include professional...
Locate three mission statements (not used in the text) for sport-related entities/organizations and copy and paste them to your answer document. Which one of the three do you feel is the most...
What are rational expectations? What is minimum efficient scale? What are restrictive covenants? What is behavioral finance? What are efficient wages?
Miller Company's contribution format income statement for the most recent month is shown below: Sales (28,800 units) Variable expenses Total $ 172,800 103,680 Contribution margin 69,120 Fixed...
How can globalization and increased competition lead firms to sever ties with longtime suppliers?
Calculate where D is bounded by the lines y = x + 1, y = x, x = 0, and x = 1. SS D et dA-
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
Explain how convergence might function in the following relationships: police officerdriver, therapistclient, and supervisorsubordinate. In your response, choose a conversational topic that might be...
Of what value is a common set of standards in financial accounting and reporting?
What is the likely limitation of general-purpose financial statements?
What is the likely limitation of general-purpose financial statements?
Compare and contrast Russia and the United States using Hofstede's four original cultural dimensions: power distance, uncertainty avoidance, individualism versus collectivism, and masculinity versus...
Suppose you wanted to know the mean VO2max in milliliters per kilogram per minute of all females at a university. You randomly select 50 names from the files of the administration office and invite...
(a) A local printer (within the network) is turned on but is not responding from other computers. (b) What tool will allow you to know if it is connected to the network? PING IFCONFIG IPCNONFIG...

The note receivable dishonored in Question 14 is paid on August 29 by the maker, plus interest

Question:

Step by Step Answer:

Cash 20806 Accounts R...View the full answer

Accounting

Students also viewed these Accounting questions