Answer and Explanation:
The journal entry at the time of receiving the note is as follows:
Note receivable Dr $11,000
To Account receivable $11,000
(Being the note receivable is recorded)
Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets
Answer: A. Owners' equity for proprietorships and partnerships is usually referred to as capital.
B. No distinction is made between invested capital and retained earnings for a proprietorship or a partnership.
C. Neither proprietorships or partnerships issue stock.
Explanation:
The statements that are true regarding owners' equity and ownership rights held in noncorporate entities include:
• No distinction is made between invested capital and retained earnings for a proprietorship or a partnership.
• Neither proprietorships or partnerships issue stock.
• Owners' equity for proprietorships and partnerships is usually referred to as capital.
We should note that sole proprietorships and partnership typically don't have stockholders and shouldn't issue stock as they aren't separated from their founders.
Also, the owners' equity for proprietorships and partnerships is usually referred to as capital. We should note that for a sole proprietorship or a partnership, the equity is the owners capital account which can be seen on the balance sheet.
Based on the above explanation, all the options given above are correct.
Answer:
B. A cover letter
Explanation:
An internship is a student working in an organization, a cover letter (which is the right answer) can state your interests or extracurricular activities to show your interest in taking the job, a resume is for your past job experiences and a thank you letter is... a thank you letter-
Answer: Business profile
Explanation:
Business profile is referred to as or known as the profile that is designed in order to have an overview of the organization, business and their business plan. It tends to provide the readers with quick overview of the business, also including the values and the objectives, so as they tend to get the immediate feel of what they are doing and where they are headed.
