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bezimeni [28]
3 years ago
6

Martin Distributors has the following transactions related to notes receivable during the last two months of the year.

Business
1 answer:
MaRussiya [10]3 years ago
8 0

Answer:

Dec. 1

Note Receivable : E. Kinder $16,000 (debit)

Cash $16,000 (credit)

Dec. 16

Note Receivable : J. Jones $4,800 (debit)

Sales $4,800 (credit)

Dec. 31

Note Receivable : E. Kinder $80 (debit)

Note Receivable : J. Jones $168 (debit)

Interest Income $248 (credit)

Explanation:

Interest accruing on E. Kinder`s Note Receivable = $16,000 × 6 % × 1/12 = $80.

Interest accruing on J. Jones`s Note Receivable = $4,800 × 7 % × 30/60= $168.

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3 years ago
The balanced scorecard does not use financial or nonfinancial measures. incorporates financial and nonfinancial measures in an i
Evgen [1.6K]

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<em>The correct answer is:</em> incorporates financial and nonfinancial measures in an integrated system.

Explanation:

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3 years ago
3. What do you think has more risk: buying corporate bonds or buying a second house in hopes that housing prices increase?
const2013 [10]

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buying a second house

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bonds have a high chance of providing returns whereas the housing market is very hard to predict

6 0
3 years ago
Barry owns a 50 percent interest in B&amp;B Interests, a partnership. His brother, Benny, owns a 35 percent interest in that sam
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Barry bought a property for $60,000. He sells it for $100,000 to a company he owns 50% of. 50% of $100,000 = $50,000. He bought it for $60,000 and sold it for $50,000... that's a $10,000 loss. But they did say they are keeping the property for resale so there still may be hope :D

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3 years ago
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A legal description would provide the least ambiguous description of a property, for purposes of a deed.

A legal description is the geographical description of real estate that identifies its precise place, barriers, and any easements for the motive of a legal transaction, such as a transfer of possession. A criminal description is saved with the deed and filed with the county clerk or county tax assessor.

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Learn more about A legal description here

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8 0
2 years ago
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