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LiRa [457]
1 year ago
9

g on april 12, hong company agrees to accept a 60-day, 10%, $4,700 note from indigo company to extend the due date on an overdue

accounts payable. what is the journal entry needed to record the transaction by indigo company?
Business
1 answer:
tamaranim1 [39]1 year ago
4 0

Debit Accounts Payable $4,500; credit Notes Payable $4,500.

<em>In this case, accounts </em><em>payable </em><em>which have credit will be replaced by Notes payable. Hence accounts payable will be debited and notes payable will be </em><em>credited</em><em>.</em>

<em />

<em />

A transaction is a finished settlement between a buyer and a seller to change items, offerings, or economic belongings in go back for cash. The term is also generally used in corporate accounting. In commercial enterprise bookkeeping, this undeniable definition can get difficult.

<em />

Primarily based on the alternative of cash, there are three sorts of accounting transactions, particularly coin transactions, non-cash transactions, and credit score transactions.

<em />

Transaction process is a time period that refers to the adding, converting, deleting, or searching up of a record in an information record or database via coming into the information at a terminal or computer

<em />

<em />

Learn more about transactions here:-brainly.com/question/1016861

#SPJ4

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Consumers create a demand for something by
zlopas [31]

The answer is a. buying it.  When people buy goods then it creates a demand and when that demands lead to more production to meet those demands.  The more the demand for a product or service, the value for it goes up.

4 0
4 years ago
In their battle for chocolate lovers, Godiva and Hershey's must divide the population into different categories of consumers, fo
Veseljchak [2.6K]

Answer:

a. True

Explanation:

Godiva is a well known chocolate shop and Hershey is renowned all over the world. To take over the market control both have divided consumers into different categories, e.g. luxury of buying chocolates versus cost-conscious who are willing to pay a subsequent amount only and those who are looking for quick energy boost so good labeling than those looking for a gift to loved ones so better outlook, although both have industries in the same market.

4 0
4 years ago
At the grocery store, marlon has narrowed down his selections to 44 vegetables, 55 fruits, 66 cheeses, and 77 whole grain breads
den301095 [7]
105 if the vegetables, fruits, and cheeses are unique.
6 if the vegetables, fruits, and cheeses are interchangeable.

There are 2 possible solutions to this problem depending upon how you actually look at the problem. Both solutions assume that the problem gets simplified to "What 13 items out of the 4 vegetables, 5 fruits, and 6 cheeses, will Marlon select?" The reason is because Marlon is going to select the 7 breads, so he can only select 13 more items.

First possible solution is that the vegetables, fruits, and cheeses are unique. For instance he has peas, carrots, tomatoes, and beans as his vegetables and the same for fruits and cheeses. For that situation, the number of ways to fill the remaining 13 slots is 15!/(13!2!) = 105 possible ways.

The second possible solution is that he has 4 identical vegetables, 5 identical fruits, and 5 identical cheeses. Since each item of each type is identical, there isn't any real distinction between them. So let's simplify the problem and instead as "Which 2 items Marlon won't buy?" and the answer to that question will be the same as the number of things he will buy. But it will be small enough to completely enumerate the possible solutions. Marlon may throw away as the first item any of a vegetable, fruit, or cheese for a total of 3 possibilities. And for the 2nd item, it can also be any of a vegetable, fruit, or cheese. So you have 9 possibilities. But that's not completely true. There's no real difference between vegetable/cheese and cheese/vegetable. So if you ignore the order, there's a total of 6 different combinations that Marlon can toss out of his cart. And therefore there is a total of 6 possibilities for Marlon to fill the remaining 13 slots he has in order to use the express lane.

3 0
4 years ago
The actual cash received from cash sales was $36,006 and the amount indicated by the cash register total was $36,010. Journalize
andrezito [222]

Answer:

Cash shorting = 36,010 - 36,006 = $4

DR Cash                                                                  $36,006

     Cash Short and Over                                        $         4

     CR Sales                                                                            $36,010

There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.

7 0
3 years ago
Boespflug Incorporated has a $1,000,000 investment opportunity that involves sales of $900,000, fixed expenses of $225,000, and
eduard

Answer:

. 5.0%

Hope it helped u if yes mark me BRAINLIEST!

Tysm!

4 0
3 years ago
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