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Soloha48 [4]
2 years ago
14

On January 15, 2021, Concord Company received a two-month, 6%, $8300 note from William Pentel for the settlement of his open acc

ount. The entry by Concord Company on January 15, 2021 would include a: credit of $8300 to Notes Receivable. credit of $8383 to Accounts Receivable. debit of $8383 to Notes Receivable. debit of $8300 to Notes Receivable.
Business
1 answer:
olganol [36]2 years ago
4 0

$10500.

What is credit and debit?

Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.

<u>Debit</u>

An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.

<u>Credit</u>

A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.

Learn more about credit and debit with the help of given link:-

brainly.com/question/27917616

#SPJ4

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purchased equipment on January​1, 2018​,for $ 27 comma 419.Suppose Duck Pond Golf Club Sold the equipment for $ 19 comma 000 on
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Answer:

31 December 2019

Cash                                      19000 Dr

Accumulated depreciation  12186 Dr

            Equipment                        27419 Cr

            Gain on disposal              3767 Cr

Explanation:

Straight line depreciation method charges a constant depreciation expense through out the useful life of the asset.

To calculate the gain or loss on disposal/sale of an asset like this, we need to first determine the book value or carrying value of asset on that day.

Carrying value = Cost - Accumulated depreciation

Carrying value = 27419 - 12186

Carrying value = $15233

Gain or (loss) on disposal = Cash/Sale proceeds - Carrying Value

Gain or (loss) on disposal = 19000 - 15233

Gain or (loss) on disposal = $3767 Gain

3 0
3 years ago
The first group of customers to enter the market for a new product are called: a. the late majority. b. laggards. c. passive sho
Bas_tet [7]

Answer: Innovators

Explanation:

Innovators are customers who take risk, seek changes and are also the earliest to purchase a new product. They are able to tolerate high risk which enables them to try products in the initial stage of its life cycle ahead of other customers.

Their tolerance for high risk makes them try out new products such as new technologies even though the product may fail eventually. They have huge financial liquidity which enables them try new products. They are also called influencers because they influence other people in the society about the product.

8 0
3 years ago
Which is an example of a proprietorship?
Solnce55 [7]

"C is correct answer." Gloria's flower shop is an example of a proprietorship. "Hope it helped you!" "Have a great day!" "Thank you so much!"

7 0
3 years ago
Proctor and Gamble is the master of forming and re-forming teams for new product launches. The teams pull expertise from various
Crank

Answer:

These teams are both cross functional and project teams.

Explanation:

Cross functional team comprises of group of people who have different functional expertise and come from various aspects of organization.

These people come from different departments of the organization and work for a common goal.

Organizations often form cross-functional team for a short period for specific projects.

Here, this team is formed for the project of  product launch so it is an example of cross functional project team.

3 0
3 years ago
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Products whose demand rises when another product’s price increases are called
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Products whose demand rises when another product's price increases are called: Substitute goods

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3 years ago
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