Answer: Debit Accounts Receivable -Valley Spa of $10,438 Credit interest revenue $238, Credit Notes receivable $10,200
Explanation:
Interest Revenue = Principal x Rate X time
$10,200 x 14% x 60/ 360 ( Using 360 days in a year)
$238
Journal to record dishonored note for Tubman
Accounts titles and explanation Debit Credit
Accounts receivable $10, 438
Interest revenue $238
Notes receivable $10,200
<span>In this case, the transfer could be considered voidable by the trustees. This is because Shirley did not receive the fair value for the car, but simply received a negligible amount as a way of trying to defraud her creditors. In this case, the transfer could be voided.</span>
Answer:
exactly!! i asked a question and one person responded with some link saying they put the answer on there. i think people just want points or something:
Answer:
$52,000
Explanation:
Bonus is 20% on annual net income, after deducting the bonus.
Let the annual income after deducting bonus be g
Then,
Bonus = 20% of g
= 0.2g
Annual income before bonus = annual income after bonus + bonus
312,000 = g + 0.2g
g = 312000/1.2
g = $260,000
Bonus = 0.2g
= 0.2 × 260,000
= $52,000
Answer:
The correct answer is <em>The sale of the firm's bonds.</em>
Explanation:
The sale of bonds refers to the alienation of these securities by the investor, which implies not being part of the liability of the issuing company.
The sale of bonds involves the following cases:
- Sale at book value
- Sale on book value
- Sale under book value
Bonds are investments made by the company in the past, in order to obtain returns in the future.
