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rjkz [21]
3 years ago
5

The journal entry to record a note received from a customer to replace an account is A. debit Notes Receivable credit Accounts R

eceivableB. debit Accounts Receivable credit Notes ReceivableC. debit Cash credit Notes ReceivableD. debit Notes Receivable credit Notes Payable
Business
1 answer:
Elan Coil [88]3 years ago
5 0

Answer:

A. debit Notes Receivable credit Accounts Receivable

Explanation:

The accounts receivable will be credited. This decrease account receivable thus, removing the customer account from there.

It will debit note receivable to represent the new plan of payment with the customer.

This are not payable, as the company is going to receive from the note, not pay.

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Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning
lubasha [3.4K]

None of the alternatives are correct.

Explanation:

When a builder enters into an agreement to construct a commercial building in the residential areas that violates the laws , as a result the government stops construction. If such a scenario occurs the workers will not be paid as the construction process has stopped, so no productivity will take place and thus the workers will have to face the scenario.

While signing a contract the contractor must have proper knowledge regarding the property. Otherwise the workers will not be able to earn their daily wage.

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3 years ago
All the following are benefits of attending a community college except that
KengaRu [80]

Answer:

its easier to receive a bachelor's degree there.

5 0
3 years ago
What account earns the most interest
xxTIMURxx [149]

Answer:

A bank account

Explanation:

because your money is kept safe

8 0
3 years ago
Colliers, Incorporated, has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the
VladimirAG [237]

a. The amount that will go to the preferred stockholders is $400,000.

b. The amount of the declared dividend that will be available for common stock dividends is $200,000 ($600,000 - $400,000).

Data and Calculations:

Cumulative Preferred Stock Outstanding = 100,000 shares

Dividends per share = $2

Cumulative Preferred Dividend last year = $200,000 (100,000 x $2)

Preferred Dividend this year = $200,000 (100,000 x $2)

Total preferred dividend to be paid this year = $400,000

Thus, the Preferred Stockholders will be paid $400,000 ($200,000 for last year and $200,000 for this year).

Learn more: brainly.com/question/24297088

6 0
2 years ago
Mass media can be employed to publicize a cause or product by distributing information that is distorted or exaggerated. What is
Kryger [21]

Explanation:

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