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allochka39001 [22]
4 years ago
4

On December 31, 2020, Riverbed Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ri

verbed Co. agreed to accept a $281,500 zero-interest-bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Riverbed is much more creditworthy and has various lines of credit at 6%. Prepare the journal entry to record the transaction of December 31, 2015, for the Riverbed Co.
Business
1 answer:
TEA [102]4 years ago
3 0

Answer:

Riverbed Co. Journal. $

December 31 202

Hayduke Co. Dr 281,500

Services Cr 281,500

Narration . records of services render on credit to Hayduke Co.

Explanation:

The journal do not take cognizance of interest payment since the note is a free of interest and in the same vein there credit ratings have nothing to do with this transaction.

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Waldman Associates received a written, approved contract to deliver economic consulting services, with service and payment comme
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Answer:

Waldman Associates

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Explanation:

Revenue from contracts with customers becomes recognizable after the performance of the obligations and not before.  Revenue is recognized when the contractor has transferred the benefits to the beneficiary and not before. Revenue, in this instance, is to be recognized based on past performance.  According to IFRS 15 and ASC 606, revenue is recognized when each performance obligation has been fully satisfied.  This is the point when economic benefit has been conferred on the other contracting party.

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The answer is c) bold. Hope this helps!
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Graphically, economic growth can be represented by a:a. rightward shift of the aggregate demand curve. b. leftward shift of the
Igoryamba

Answer:

d. rightward shift of the long-run aggregate supply curve.

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Economic growth is an increase in the potential output of a country.

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Edwin, an employee at an auto assembly plant for a U.S. auto manufacturer, manages a group of employees who measure the quality
stira [4]

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Inbound quality inspection department of supply chain management

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