Answer and Explanation:
The journal entries are shown below
Jan 10
Account receivable Dr $8,180
To Sales revenue $8,180
(being goods sold on credit)
Here account receivable is debited as it increased the assets and credited the sales revenue as it also increased the revenue
Feb 9
7% Promissory note Dr $8,180
To Account receivable $8,180
(Being note received is recorded)
Here Promissory note is debited and account receivable is credited
Answer:
indicators-Says It’s Okay to Fudge Some Numbers,Pressures You into a Bigger Loan,Doesn’t Consider Your Monthly Income,Doesn’t Disclose Documents,Promises One Thing, Delivers Another,Says It’s Okay to Leave or Sign Blank Forms,Doesn’t Provide Copies
Explanation:
liquidity, financial and behavioral. Liquidity is a symptom and not a cause of financial problems. Liquidity issues are a lagging indicator and the strongest signal of trouble
That would be a Bass Drum
Answer:
b. False
Explanation:
The difference between absorption costing net operating income and variable costing net operating income lies in the <em>fixed costs deferred in closing inventory</em>.
If Production is greater than Sales - <u>Increase in Finished Goods Inventory</u>, Absorption costing net operating income will typically be greater than Variable costing net operating income.
However, If Production is less than Sales - <u>Decrease in Finished Goods Inventory</u>, Absorption costing net operating income will typically be less than Variable costing net operating income.
If the bonds were issued under a gross lien revenue pledge, Whatever the balance of gross revenues is in funds existed available to pay the bondholders for this year
<h3>What is Gross lien revenue pledge?</h3>
A gross revenue pledge states that municipal bond issuers will pay creditors' debts out of income before covering other costs. Revenue bonds, obligations that be repaid from a particular source of income rather than the issuer's entire revenues, use gross revenue promises.
A bond is a sort of instrument in which the issuer owes the bearer a debt and is required, depending on the terms, to repay the bond's principal and interest over a predetermined period of time at the bond's maturity date. Interest is often paid at predetermined times. When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.
Hence, If the bonds were issued under a gross lien revenue pledge, Whatever the balance of gross revenues is in funds existed available to pay the bondholders for this year.
To learn more about Gross lien revenue pledge refer to:
brainly.com/question/17306050
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