Answer and Explanation:
The journal entries are shown below:
On July 1
Account receivable A/c Dr $17,300
To Sales $17,300
(Being the goods are sold on credit)
On July 8
Sales return and allowance A/c Dr $4,000
To Accounts receivable $4,000
(Being sales return is recorded)
On July 11
Cash ($17,300 - $4,000) × 98% $13,034
Sales discount ($17,300 - $4,000) × 2% $266
To Account receivable ($17,300 - $4,000) $13,300
(Being the cash received is recorded)
Only these three entries are recorded
Answer:
$3,266
Explanation:
First we must calculate the total amount received as bond premium:
$96,140 - $92,000 = $4,140
This should be amortized over 10 periods (= 5 years x 2 semiannual payments), so we must amortize $414 per period.
The coupon that the company pays = $92,000 x 8% x 1/2 = $3,680
So the interest to be recognized is = $3,680 - $414 = $3,266
Requiring a signed contract prior to acquisition of assets is an example of a high-level business policy
<u>Explanation:
</u>
An asset purchase agreement (APA) is an understanding between a purchaser and a dealer that finishes terms and conditions identified with the buy and closeout of an organization's advantages.
It's essential to note in an APA exchange, it isn't fundamental for the purchaser to buy the entirety of the advantages of the organization. Truth be told, it's basic for a purchaser to bar certain benefits in an APA.
Arrangements of an APA may incorporate installment of price tag, regularly scheduled payments, liens and encumbrances on the benefits, condition point of reference for the end, and so on.
An APA contrasts from a stock buy understanding (SPA) where organization shares, title to resources, and title to liabilities are likewise sold. In an APA, the purchaser must choose explicit resources and keep away from repetitive resources.
These benefits are organized in a timetable to the APA. The purchaser in a SPA is acquiring portions of the organization. For this situation, order isn't essential because of move of organization's possession happens in its present condition. The APA is the lawful system for executing a corporate merger or obtaining.
The oil and gas industry doesn't recognize a benefit and stock buy in naming its related buy understanding. In this industry, in the case of buying resources or stock, the conclusive understanding is alluded to as the Purchase and Sale Agreement (PSA).
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The answer is American Marketing Association. It is an expert relationship for promoting experts with 30,000 individuals starting at 2012. It has 76 proficient sections and 250 university parts over the United States. I hope the answer will help you. Feel free to ask more in brainly<span>. </span>
