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3 years ago

In what FBLA region is Arkansas included

1 answer:

4 0

Arkansas FBLA is an institute where the future leaders in business are trained. The organisation is spread in 5 different districts and many different conferences and meetings and workshops are conducted on a regular basis.

It gives a platform to the students to come and showcase their leadership skills and take part in the active discussions. Which pave way for a bright future of leaders of America. Arkansas FBLA is spread in 5 regions.

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See all the entries below.

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Account Name Debit ($) Credit ($)

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Note Payable 652,800

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Interest Expense 4,480

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c. Record the entries for Sterling to record (1) the collections for the second month and (2) the final payment to Miami.

The entries will look as follows:

Account Name Debit ($) Credit ($)

Cash 238,080

Allowance for Doubtful Debt 5,120

Accounts Receivable (w.1) 243,200

(To record collection on receivables for second month Interest.)

Expense 1,920

Note Payable 151,040

Cash (w.2) 152,960

(To record final payment to Miami.)

Workings:

w.1: Accounts Receivable = Amount of accounts receivable as collateral – Cash received from customer = $768,000 - $524,800 = $243,200

w.2: Cash = Loan - First payment for principal = $652,800 - $499,840 = $152,960

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3 years ago

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3 years ago

In what FBLA region is Arkansas included​

In what FBLA region is Arkansas included