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Nonamiya [84]
3 years ago
6

Brooke Company grants James Decorating additional time to pay its past-due account. James makes a written promise to pay Brooke

the amount on a certain date. James records this transaction by debiting
a. Notes Receivable and crediting Accounts Receivable.
b. Cash and crediting Accounts Receivable.
c. Accounts Receivable and crediting Notes Receivable.
d. Accounts Payable and crediting Notes Payable.
Business
2 answers:
skad [1K]3 years ago
8 0
He will be paying out a debt so the answer is D.
Svetradugi [14.3K]3 years ago
5 0

Answer:

d. Accounts Payable and crediting Notes Payable.

Explanation:

When James incurred the cost, a payable would have been recorded in his books by debiting asset/expense and crediting accounts payable since cash was not paid.

On issuance of the written promise, James would reclassify the amount from accounts payable to notes payable by debiting Accounts Payable and crediting Notes Payable.

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Beau borrows $15,000 from credit center to buy a car. The lender assigns the right to receive the loan payments to debt collecti
alexandr1967 [171]

Beau gets a $15,000 loan from a credit union to buy an automobile. Debt  receives the assignment from the lender of the authority to accept loan payments. Beau can be sued by the assignee if he refuses to pay the loan.

A payment is the voluntarily made exchange of money, its equivalent, or other valuables by one party (such as an individual or business) for a loan another's goods, services, or to satisfy a legal obligation. Payer refers to the party sending the money, whereas payee denotes the recipient of the payment.

In principle, the payee is free to choose the payment method he or she will take; nevertheless, most payments regulations often compel the payer to accept the nation's legal cash up to a specified maximum. Except loan otherwise otherwise agreed by the parties, payments are typically made in the payee's native currency.

Learn more about payments here

brainly.com/question/15138283

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5 0
1 year ago
The present government has initiated the tax reforms such as relaxation of taxes on relaxing a property sales tax, and removal o
DochEvi [55]

Answer:

= the IS curve shifts right and the

economy moves along the LM curve

Explanation:

= the IS curve shifts right and the

economy moves along the LM curve= the IS curve shifts right and the

economy moves along the LM curve= the IS curve shifts right and the

economy moves along the LM curve

5 0
2 years ago
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
kakasveta [241]

As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)

cross check if u have doubt it's correct..

6 0
3 years ago
Savings Goals
romanna [79]

Answer:

I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.

Explanation:

Sshheeeeeeshh

7 0
2 years ago
The 5 specific forces acting as stimulant for change
Serjik [45]

Answer:

1. Technology.

2. Social trends.

3. Economic shocks.

4. Political.

5. Nature of the workforce.

Explanation:

According to the amiable philosopher and mathematician, Alfred North Whitehead, "The art of progress is to preserve order amid change and to preserve change amid order."

The 5 specific forces acting as stimulant for change in an organization or business environment are;

1. Technology: it is a major external force, organizations should make use of new technologies, so as to maximize efficiency and increase productivity.

2. Social trends: social media changes can bring individuals together and influence their interests to share opinions, cultures perception and ideas.

3. Economic shocks: indices of gross domestic products such as unemployment, acquisitions, bankruptcy, recession impacts an organization.

4. Political: government policies, regulations and restrictions such as tax, minimum wage etc can cause a change in a firm. Companies should ensure they are operating at top notch in the competitive market.

5. Nature of the workforce: they should be able to adapt or respond to economic activities, such as demographic, immigration, multicultural society, etc.

Change agents in an organization are individuals acting as catalysts by assuming responsibilities for managing any of the aforementioned specific forces acting as stimulant for change.

7 0
3 years ago
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