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rewona [7]
3 years ago
10

On January 1, 2020, Harter Company had Accounts Receivable $139,000,

Business
1 answer:
LuckyWell [14K]3 years ago
6 0

<u>Solution and Explanation:</u>

<u>Date Particulars Post ref.         Debit ($)    Credit ($) </u>

5- Jan Accounts Receivable  20000  

Sales revenue                                                     20000

(To record the sales revenue)    

5- Jan Notes Receivable         30000  

Accounts receivable                                              30000

(To record the sales revenue)  

18- Feb Notes receivable          8000  

Sales revenue                                                         8000

(To record the notes receivable and sales revenue)  

20- April Cash                        20400  

Notes receivable                                 20000

Interest revenue                                   400

(To record the collection of notes)    

30 april Cash                           25000  

Notes receivable                                 25000

(to record the collection of payment due)    

25 May Notes receivable         6000  

Accounts receivable                            6000

( To record the note settlement of past due balance)    

18- Aug Cash account               8360  

Notes receivable                                      8000

Interest revenue                                         360

(To record the collection of notes payment)    

25- Aug Accounts receivable  6135  

Notes receivable                                      6000

Interest revenue                                         135

1-Sep Notes receivable            12000  

Sales revenue                                        12000

(To record the note for amount due)    

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Charisma is one of the most important traits of a successful individual. the one quality all successful people have is charisma. In order to aspire to such heights, it’s crucial to see why charisma is indeed essential for success. Charisma is not something you can learn somebody and not something someone will only get along this way.

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If preventing discrimination would cause undue hardship, reasonable accommodations will be made. The correct response to the question is option (d).

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