Answer:
Date Accounts Title and Explanation Debit Credit
Dec 31 Insurance Expense $5,000
[($20000/12) x 3]
Prepaid Insurance $5,000
(To record insurance expense)
Dec 31 Interest Receivable $720
[($18000 x 8%)/12 x 6]
Interest Income $720
(To record accrual interest income)
Dec 31 Depreciation Expense $13,600
Accumulated Depreciation $13,600
-Equipment
(To record depreciation expense)
The answer is contact management CRM systems. This is the
process of recording contacts details and tracking their interactions with a
business. Such systems have gradually evolved into an aspect of customer
relationship management. This maintain customer contact information and
identify prospective customers for future sales, using tools such as
organizational charts.
I believe the answer is C
The correct option is "a". The given statement is true.
When there is not much demand and you produces a lot, it will affect the quality of the product and that leads to customer dissatisfaction. When the production is according to sale, and the quality is good the customers will automatically satisfied with the product.
Answer:
Dr. Cash $4,200
Cr. Interest Income $84
Cr. Note Receivable $4,116
Explanation:
Food Suppliers
Interest on the Note = $4,200 x 8% x 90 / 360 = $84
Amount to be recorded = $4,200 - $84 = $4,116
At the Time of Issuance the Journal Entry was
Dr. Note receivable $4,116
Cr. Sales $4,116
So, the Payment of $4,200 will be made.
The Interest Income will be $84
Now the Note Receivable account will be adjusted by receiving cash and recording interest income.