1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lady_Fox [76]
2 years ago
8

Multiple Choice Question Tresses, Inc., which has a December 31 year end, lent $1,000 on December 1 to an employee at 6% due in

6 months. When will Tresses record Interest Revenue? It will record ______. Multiple choice question. an adjusting entry on December 31 with a debit to Interest Receivable and credit to Interest Revenue for the interest generated in December a daily entry with a debit to Interest Receivable and credit to Interest Revenue for each day's interest generated interest earned on the payment date with a debit to Cash and credit to Interest Revenue for the 6 months of interest generated
Business
1 answer:
maria [59]2 years ago
3 0

Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.

<h3>What is an Adjusting entry?</h3>
  • Adjusting entries and journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred.
  • They are often made at the end of an accounting period. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for adjusting entries related to unearned and accrued revenues.
  • Because they are done on balance day, they are occasionally referred to as balance day adjustments.
  • Revenues and related costs are recorded in the same accounting period according to the matching concept of accrual accounting.
  • The actual money, however, can be received or paid at a separate period.
<h3>What is Interest receivable?</h3>
  • The amount of interest that has been earned but has not yet been paid out in cash is known as interest receivable.
  • Many organizations won't record this number because they believe it to be irrelevant.

Therefore, it will record an Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.

Know more about Interest receivables here:

brainly.com/question/24696035

#SPJ4

You might be interested in
Assuming the correlation between the annual returns on the two portfolios is indeed zero, what would be the optimal asset alloca
den301095 [7]
Since you provide no relevant number, 

In order to find out the optimal Asset allocation, you should find out which investment opportunities that Provide the highest return with the lowest standard deviation in the risk department

hope this helps
4 0
3 years ago
What are the elements of the gap in the London hotel luxury market?
iogann1982 [59]

The elements of the gap in the London hotel luxury market are airport hotels, business hotels, suite hotels and resorts etc.

<h3>What elements in the London hotel luxury market?</h3>

The world luxury hotel market center is mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco-hotel and serviced apartments). The fashion agency is trying to enter China's booming luxury market.

The emotional relation between luxury hospitality and creating that 'home-from-home' feeling that is linked to the result, the service, and the people. Together they generate a guest experience that is special to the brand and the property. Luxury hotels should have at least one full-service, Michelin-starred restaurant, and ideally more than one.

So we can conclude that the luxury market is a market for expensive goods that are not required but are bought for contentment.

Learn more about luxury hotels here: brainly.com/question/17329032

#SPJ1

8 0
1 year ago
Mae wants to make a difference in her community. She enjoys making decisions and finding solutions to problems. Her teachers tel
Pie

I myself would think that she should be a corrections officer if she  enjoys making decisions and finding solutions to problems, is an excellent public speaker, and has a talent for persuading people to take up causes that she supports.

7 0
3 years ago
Read 2 more answers
Wesley Electronics Inc. is a company that manufactures electronic gadgets. The marketing team of the company spends a great deal
sashaice [31]

Answer:

B. designing and implementing marketing mixes.

Explanation:

Marketing mixes means the use of various tactics, tools or/and techniques employed by an organization in promoting their brand or product to the market or target consumers. It is the combination of various components in order to strengthen a product in the market. It involves combining various techniques to influence consumers to purchase an organization's product. Here, Wesley electronics designs and implements marketing mix by employing various methods of advertising, such as print, broadcast, and online advertising.

6 0
3 years ago
The population of metroville was 3,187,463 on june 30, 2013. during the period january 1 through december 31, 2013, a total of 4
Aleksandr-060686 [28]

The prevalence of HIV is 137.0 per 100,000 population. The incidence of HIV is 24.1 per 100,000 population.


3 0
3 years ago
Other questions:
  • During the month of September, the Texas Go-Kart Company had the following business activities:
    8·1 answer
  • Howard plans on leaving $625 in his savings account for 19 months. The account pays 5.7% simple interest annually. what will be
    10·1 answer
  • Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the av
    11·1 answer
  • The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9% coupon rate. These bonds
    8·1 answer
  • Can any moderator take down my last question?
    9·1 answer
  • What are institutional advertisements designed to promote
    12·1 answer
  • . A shop that makes candles offers a scented candle, which has a monthly demand of 400 boxes. Candles can be produced at a rate
    13·1 answer
  • I NEED HELP!! THIS IS SO CONFUSING!!
    6·1 answer
  • Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 14%. I am buying a firm with a
    8·1 answer
  • Bismith Company reported: Actual fixed overhead Fixed manufacturing overhead spending variance Fixed manufacturing production-vo
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!