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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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On March 1, 2020, the Teal Company received a $45,000 payment for annual magazine subscriptions (the subscriptions run from the
bulgar [2K]

Answer:

The company has incorrectly credited the sales revenue account at the time of the receipt of payment. So, the  journal entry to record the transaction is as follows:

Date               Particulars                            Debit          Credit

March 1, 20    Sales Revenue A/c           $45,000

                             To Unearned Sales Revenue A/c   $45,000

                       (To record Unearned sales revenue)

5 0
3 years ago
What are the continuing costs of this apartment? Security Deposit $1,000 Application Fee $25 First Month’s Rent $850 Electricity
vekshin1
Answer= $1025 monthly (continuing costs)

Security Deposit $1,000
Application Fee $25
First Month’s Rent $850 $850
Electricity $80 per month; 80
$40 to connect and $100 deposit
Telephone approximately $60 per month; 60
$40 to connect Water $35 per month; 35
a deposit of $50. ____
$1025
6 0
3 years ago
In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and __
Vedmedyk [2.9K]

Answer:

increase, decrease, decrease

Explanation:

3 0
3 years ago
You need to keep an inventory of all company computers. You want to use a mechanism that will help you to identify the assets. W
timama [110]

Answer: Labeling

Explanation:

The mechanism that can be used to keep an inventory of all company computers in order to help identify the assets is referred to as labeling.

Labeling is simply defined as the display of information about a certain product. This is vital to help customers easily identify the good and also makes it different from other.

5 0
2 years ago
To avoid potential liability for misconduct in corporate operations, directors can refrain from reasonable supervision of work d
Ber [7]

Answer:

c. corporate officers.

Explanation:

In the case when the potential obligation is to be avoided for any misconduct while having operations in the corporate so the directors could refrain from the supervision of the delegated work to the corporate officers so that the work could not harm that result in help in attains the goals & objectives

Therefore the option c is correct

4 0
3 years ago
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