The actual correct answer is A railroads
Answer:
<u>Record the issuance of note.
</u>
November 1, 2021
Dr. Cash 46000
Cr. Note Payable 46000
<u>Record the adjustment for interest.</u>
December 31, 2021
Dr. Interest Expense 460
Cr. Interest Payable 460
(46000*6%)*3/12 = 460
<u>Record the repayment of the note at maturity</u>
Dr. Note Payable 46000
Dr. Interest Payable 460
Dr. Interest Expense 230
Cr. Cash 46,690
(46000*6%)*1/12 = 230
Explanation:
* At the year end the interest expense is accrued and recorded as interest payable.
On pay day, the employer deposits your NET SALARY into your bank account.
Direct deposit program is a salary payment program in which an employer works together with the bank to deposit the employees salary directly into their accounts on the pay day of each month.
Solution:
Activity Units Units cost Cost of Goods Available
Beginning Inventory 11 $65.00 $715
1st week purchase 11 $66.00 $726
2nd week purchase 11 $67.00 $737
3rd week purchase 11 $70.00 $770
4th week purchase 11 $75.00 $825
Units available for sale 55
Cost of goods available for sale $3,773
If the company enters into an agreement with a winery in Spain to purchase all the red wine the winery produces, this would be a: output contract
<h3><u>
Explanation:</u></h3>
An output contract is an arbitration where one party consents to acquire the complete product that the other party accumulates. Thus, the consumer will obtain all the 'output' the trader executes.
Output contracts can be valuable to consumers when there is conjecture about market supply or demand for a distinct good. Output contracts attend the sale of goods, these sorts of contracts are directed by the Uniform Commercial Code. In the fact of output contracts, the U.C.C. claims that both parties to the contract act in real faith.