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vladimir2022 [97]
4 years ago
7

2016 may 1 received a $5,300, 12-month, 3% note in exchange for an outstanding account receivable from r. stoney. dec. 31 accrue

d interest revenue on the r. stoney note. 2017 may 1 received principal plus interest on the r. stoney note. (no interest has been accrued since december 31, 2016.) record the transactions in the general journal. the company does not make entries to accrue interest except at december 31.(credit account titles are automatically indented when amount is entered. do not indent manually. record journal entries in the order presented in the problem.)
Business
1 answer:
suter [353]4 years ago
4 0
2016 may 1  Debit Notes Receivable $5,300
                     Credit Accounts Receivable $5,300
2016 dec 31 Debit Interest Receivable $106
                     Credit Interest Income $106
2017 may 1  Debit Cash $5,459
                     Credit Notes Receivable $5,300
                     Credit Interest Receivable $159
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Answer:

Explanation:

A.

Equipment-from Lively    $260,000

   Accumulated Depreciation  Dr.$80,000

   Equipment-old                      Cr. $250,000

    Cash                                      Cr.$30,000

       Gain on Exchange                Cr.$60,000

B.    

Equipment-from Lively (212,000-35,000)      Dr.$177,000

Accumulated Depreciation                             Dr.$80,000

Loss on exchange (balancing figure)            Dr.$23,000

Equipment old                                                  Cr.$250,000

Cash                                                                   Cr.$30,000                                

7 0
3 years ago
Why might these sources of individual values not prove very helpful when making complex business decisions
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Answer:

The first part of the question is missing:

"We all learn values from sources such as family, religion, and school. Why might these..."

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But many times, not everyone wins. E.g. you manage a construction company and you will bid for a project, hopefully you will win and make money, but others will lose. Empathy is good for marketing, but very bad for finances.

When thousands of jobs are replaced not by Chinese workers, but instead by computers and robots, it's just bad luck for the unemployed. When large stores like Sears go bankrupt while Amazon surges, good for Amazon, bad for Sears.

5 0
3 years ago
The Menendez family has a net income of $4,500. The chart shows their cost-of-living percentages. How much do they spend on tran
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3 years ago
Many television infomercial advertise a product at a very low price. after you order the product, you find there is a fairly sub
musickatia [10]

Answer:

This is an example of multiple pricing.

Explanation:

Sometimes if you add all the extra charges, like shipping and handling, you might realize that the product being offered by the infomercial is actually more expensive than similar products that you can buy on retail stores or websites.

Infomercials do this on purpose, they use low selling prices as bait, but then they charge very high fees for processing your order and shipping it.

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Suppose that all social programs simultaneously become more generous. In particular suppose that there is an increase in UI bene
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