1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zvonat [6]
4 years ago
10

Entries for Note Collected by Bank Accompanying a bank statement for Santee Company is a credit memo for $15,120 representing th

e principal ($14,000) and interest ($1,120) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. Journalize the entry that should be made by the company to bring the accounting records up to date. For a compound transaction, if an amount box does not require an entry, leave it blank.
Business
1 answer:
mojhsa [17]4 years ago
3 0

Answer:

Debit Bank $15,120 Credit Notes receivable $14,000 Credit Interest income $1,120

Explanation:

The Credit memo is a document to explain or support the repayment of the loan.

You might be interested in
Which of the following is a characteristic protected by anti-discrimination laws?
atroni [7]
I would say the answer is age. I hope this helps !
4 0
3 years ago
Read 2 more answers
18) Sum, Average, and Count are examples of ________.
zvonat [6]

Answer:

Summary calculation

Explanation:

  • The end of summary calculation refers to summary statistics
  • But here we have to calculate things like sum ,mean, average etc.

Option C is correct

3 0
3 years ago
nnette Henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. For any work on the fifth day and
Elza [17]

Answer:431.75 dollars

Explanation:she gets 284.8 dollars for the 32 hours(32x 8.9) and for the extra 11 hours she gets 146.85( 8.9 x 1.5= 13.35 and 13.35 x 11) 146.85+ 284.8= 431.75

4 0
3 years ago
Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t
Mama L [17]

Answer:

Explanation:

Labor Input       Physical output  

    10                              500

     11                               600

     12                              690

     13                              760

     14                               800

marginal output of 11 th labor = 600 - 500 = 100

price of each product = 7

marginal revenue product  of 11 th labor  7 x 100 = 700

B )

price of each of  the goods sold = 10

marginal factor cost of labour = 700

minimum no of goods to be sold to cover the labour cost

= 700 / 10 = 70

no of goods added due to  addition of 11 the labour = 100

no of goods added due to  addition of 12 the labour = 90

no of goods added due to  addition of 13 the labour = 70

so no of units of labor upto which  the firm will continue to hire

= 13 .  

7 0
3 years ago
The stock price of Webber Co. is $68. Investors require an 11 percent rate of return on similar stocks.
zheka24 [161]
To get the growth rate, we will follow the Gordon Growth modelP= D/(K-G)whereP= stock value=$68D= Expected dividend=$3.85G= Growth rateK= required rate of returnG =K-(D/P)Substitute the given valuesG= 0.11-(3.85/68)
G= 5.34%The growth rate for stock required is 5.34%
7 0
4 years ago
Other questions:
  • Car loans can be obtained from a variety of sources, such as:
    14·1 answer
  • The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.Accounts Debit CreditCash $1
    7·1 answer
  • Formula<br>of<br>Monopoly market​
    11·1 answer
  • You will receive $225 a month for the next eight years from an insurance settlement. The interest rate is 7% compounded monthly
    8·1 answer
  • During the month of June, Betty Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 P
    5·1 answer
  • The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account fo
    9·1 answer
  • 1. Explain the computation of the monetary multiplier.
    7·1 answer
  • About how frequently does Hope receive a paycheck?
    15·1 answer
  • True or false: A business message may contain content that, despite sound logic and well-argued points, will displease some of i
    8·1 answer
  • Help pls i do not understand this question
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!