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
denis-greek [22]
2 years ago
14

The entry to record the issuance of a note receivable is ______. Multiple choice question. debit Notes Receivable and credit Cas

h debit Cash and credit Notes Receivable debit Cash and Interest Receivable and credit Notes Receivable debit Cash and credit Notes Receivable and Interest Revenue debit Notes Receivable and credit Cash and Interest Revenue
Business
1 answer:
nlexa [21]2 years ago
5 0

The entry to record the issuance of a note receivable is debit Notes Receivable and credit Cash.

<h3>What is Note Receivable ?</h3>

A note receivable is an asset account tied to an underlying promissory note, which details in writing the payment terms for a purchase between a “payee” (typically a company, and sometimes called a creditor) and the “maker” of the note (usually a customer or employee, and sometimes called a debtor).

The journal entry for interest on a note receivable is to debit the interest income account and credit the cash account.

Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement.

Learn more about  Note Receivable on:

brainly.com/question/13781634

#SPJ4

You might be interested in
EZ Workout Inc. advertises Fit Step, an exercise machine, online. In its ads, EZ claims that the use of Fit Step measurably enha
Goryan [66]

Answer:

substantiated.

Explanation:

EZ Workout is not saying that Fit Step is good for you because it will make you feel better and fitter, it is saying that it measurably increases the length of the lives of it users.

When an advertisement states alleged facts it must be able to provide proof of evidence or claim substantiation, if not, they can be accused of deceptive advertising.  

5 0
3 years ago
Phytoplankton feed on nutrients brought up by this type of deep cold water current
CaHeK987 [17]

<u>Answer</u>:

Phytoplankton feed on nutrients brought up by upwelling.

Hence, option D is the right answer.

<u>Explanation</u>:

Phytoplankton are microscopic marine plants, i.e they live in water bodies. They are autotrophic, i.e they prepare their own food. They are called phytoplankton because they absorb photo energy i.e sunlight. They absorb carbon dioxide and release oxygen. As they need to absorb sunlight, they are present near the surface of the water.

Upwellings are ocean currents which bring nutrients from deep cold water to the surface. Upwellings happen because of the rotation of the Earth and winds. The phytoplankton depend on the nutrients brought by the upwellings to prepare their food using sunlight and they form the food for various sea animals.

7 0
3 years ago
A zero-sum situation is a situation in which individuals are so linked together that there is a positive correlation between the
pashok25 [27]
The answer is "false"
3 0
3 years ago
âas an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely:
Ilya [14]
Answer:  " DECREASES" .___________________________________
4 0
3 years ago
__________ uses state-of-the-art equipment to provide people in a variety of locations the opportunity to participate interactiv
Vaselesa [24]

Answer:

videoconferencing

Explanation:

The new era of globalisation has paved the way for the new technology. Video conferencing, in the business sector, has gained a lot of popularity because it has given an opportunity for people to interact and participate interactively. It provides a high degree of channel richness, perfect quality. Video conferencing helps people to interact and communicate despite the long distance.

3 0
3 years ago
Other questions:
  • Dallas is the manager of a manufacturing company. dallas's approach is to break down assembly workers' jobs into a series of ele
    14·1 answer
  • Veronica's dress shop marks down a pair of shoes 15% when the customer purchases the shoes with a dress or pantsuit. the sale pr
    15·2 answers
  • The general fund collects taxes that are legally restricted for use in a future year. The amount of the collections is reported
    14·2 answers
  • Corporate annual reports typically do not contain
    5·1 answer
  • Nichols Enterprises has an investment in 30,500 bonds of Elliott Electronics that Nichols accounts for as a security available-f
    5·1 answer
  • The Wayside Hotel uses the direct write-off method of accounting for bad debts. If the general manager of the hotel determines t
    14·1 answer
  • The three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology,
    6·1 answer
  • Cash Paid for Merchandise Purchases The cost of merchandise sold for Kohl’s Corporation for a recent year was $12,265 million. T
    11·1 answer
  • Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate o
    5·1 answer
  • Dual Advertising/Co-branding partnership what is it?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!