The debit would be 5% of the $50,000 = 0.05x$50,000= $2500 which would have to be entered in the dishonor debit to show how much was still owed by the person who promised to pay the 1 year note to the Ajax Corp.
Answer:
Section 4(k) of the Bank Holding Company Act of 1956
Explanation:
Under section 4(k) of the Bank Holding Company Act of 1956 financial institution is any type of institution whose business is involving in activities that are financial in nature or incidental to such financial practices, as determined by this section such as banks, dealers and securities brokers, insurance underwriters and agents, finance companies, mortgage bankers, and travel agents must provide a privacy notice to each and every consumer having an explanation that what data about the consumer is collected, with whom that data is shared, how the data is applied, and how the data is protected.
There is nothing that is following your question.
Answer:
Date Account titles & Explanation Debit Credit
Sep 04 Purchases (70 backpacks*$50) $3,500
Accounts payable $3,500
Sep 06 Accounts payable $300
Purchase return and allowances $300
Sept 09 Accounts receivable $1,260
(15 backpacks*$84)
Sales $1,260
Sept 13 Accounts payable $3,200
(64 backpacks*$50)
Purchase discount (3,200*2%) $64
Cash (3,200*98%) $3,136
Answer:
Adaptation versus standardization
Explanation:
Adaptation is when a product is modifyed to meet the requirements and customs of a place. In standarization the products aren't modified, they are both forms to sell products overseas.
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