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seropon [69]
3 years ago
10

Valley Spa purchased $8,000 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% promissory note for $8,000. I

f the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
Business
1 answer:
MrMuchimi3 years ago
8 0

Answer:A/R, IR, NR

Explanation: Journal entry to record Dishonored note are as follows

A/R- Debit your Account Receivable for the total of principle and interest owned.

IR - Credit the interest revenue account for the interest amount receivable.

NR- Credit the notes receivable account for the principle balance.

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icang [17]

Answer: work in process inventory

Explanation:

The direct labor costs refers to the costs that is incurred by a company which has to do with the payment to the employees involved in the production activities of the company.

When a company assigns factory labor costs to jobs, then the direct labor cost is debited to the work in process inventory.

8 0
3 years ago
In which of the five project management process groups are activities performed that relate to each knowledge area?
Basile [38]
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Activities performed that relate to each knowledge area are part of the planning group from the project management process. </span><span> Planning involves calculating the budget and schedule for the project, and determines what resources are needed.</span>
6 0
3 years ago
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valentina_108 [34]

Answer: True

Explanation:

Classified stocks are referred to as the stocks of a publicly-traded company which possess different classes of stocks. Classified shares typically has some special privileges, like the dividend rights and the enhanced voting rights.

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6 0
3 years ago
Refer to table 16-2. what is the concentration ratio for industry j?
nika2105 [10]
Concentration ratio refers to the measure of the total output produced in an industry by a given number of firms in the industry. Concentration ratio is calculated as the sum of the market share percentage held by the largest specified number of firms in a particular industry. The concentration ratio ranges from 0% to 100%. The ratio indicates the degree of competition in that industry.
5 0
3 years ago
Have you ever been counseled for cash handling situations?
Ipatiy [6.2K]

<span>It means that do you have skilled in processing customer cash execution, i.e. on a cash register. It could also mean, have you ever been accountable for counting cash or cash management, i.e. bank teller, a casino manager, a funds verifier.</span>

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