Answer:
Explanation:
To record note received
On June 23. Debit Credit
Notes Receivable $48,000
Accounts receivable for Radon ExpressCo $48,000
interest revenue = $48,000 x 8%x 90/360
To record dishonored note
On September 21st Debit Credit
Accounts receivable for Radon Co $48,960
Notes Receivable $48,000
Interest Revenue $960
Interest Revenue $48,960 x 10%x 30/360 = $408
Journal to record Cash Received
October 21 Debit Credit
Cash $49,368
Accounts Receivable for Radon Express Co $48,960
Interest $408
Answer: No you don't that's just weird
Explanation:
There are six types of bankruptcy cases that are provided for in the bankruptcy code, They are:
Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15
In short, Your Answer would be Option B
Hope this helps!
Answer and Explanation:
The matching is as follows
1. In the absorption costing, the gross profit is on the income statement
2. The variable cost provided the useful report with respect for controlling cost
3. The fixed selling cost be the period cost in both the absorption & variable costing
4. In absorption costing, it required by GAAP
In this way it should be matched
hence, the same would be relevant and considered
<span>An outstanding check is a check issued by the payor
and released to the payee that remains to be undeposited or uncashed check at a
certain financial period. When reconciling the bank statements with company
books, an outstanding check is deducted from the unadjusted bank balance to
arrive at the adjusted bank balance. </span>
