they have offset all of their energy consumption with wind power, preventing over 16,000 tons of greenhouse gases from entering the atmosphere each year. Silk Soy milk is made from a mixture of organic and natural, non-genetically-modified soybeans, reducing the amount of pesticides in the air, soil, and water.
Answer:
Journal entries
Explanation:
The journal entries are as follows
1. Cash $748,800
Interest expense $31,200 ($780,000 × 4%)
To Note payable $780,000
(Being the cash received is recorded)
2. Cash Dr $507,000
To Account receivables $507,000
(Being the collection is recorded)
3. Note payable $507,000
Interest expense $2,600 ($780,000 × 4% × 1 month ÷ 12 month)
To Cash $509,600
(Being the note payable and the interest expense is recorded)
Answer:
Journal Entry
Dr. Allowance for doubtful accounts $5,880
Cr. Account Receivable $5,880
Explanation:
When a receivable of the business is considered to be non-collectible from a customer, it is written off from the accounts. This event will decrease the account receivable balance and allowance for the doubtful accounts too. a Debit entry in the Allowance for doubtful account and a credit entry in accounts receivable is made to incorporate the effect of this transaction.
Answer:
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