Answer:
The journal entry which is to be reported on January 1 is shown below:
Explanation:
The journal entry which is to be reported on January 1 for the issuance is as:
On January 1
Cash A/c............................Dr $600,000
Notes Payable A/c..........Cr $600,000
Being the issuance as well as proceeds of the note is recorded
On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = <u>observed value - actual value x 1</u>00
actual value
Percentage error = <u>3.9- 3.5</u> x 100
3.5
Percentage error = <u>0.4 x 100</u>
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
Answer:
because they could be very popular
Explanation:
can you give brainliest
Answer:
The right answer is 3. Rights and obligations.
Explanation:
Liability accounts include all those financial obligations that a company has with suppliers, accounts payable, taxes, among others.
Answer: I don’t know the year you were born