Answer:
Debiting Interest Receivable for $400 and crediting Interest Revenue for $400
Explanation:
Based on the information given if the company.has a note receivable from Jewel Co for the amount of $80,000 in which The note matures in 5 years and bears interest of 6% which means that when Rose is preparing financial statements for the month of June. Rose should make an adjusting entry by :
Debiting Interest Receivable for $400
crediting Interest Revenue for $400
[($80,000 × .06)/12 ]
There are no choices but is true. Many poor neighborhoods suffer from decaying
structures that aren’t fit to live in.
Governments need to allocate a budget for this kind of situation. Otherwise not only are you going to have
building that are unlivable and dangerous but will encourage crime to take root
in the area.
Answer:
Production= 43,000 units
Explanation:
Giving the following information:
Sales= 45,000 units
Beginning inventory= 5,000 units
The desired ending inventory is 3,000 units.
To calculate the budgeted production, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 45,000 + 3,000 - 5,000
Production= 43,000 units