Answer:
RecRoom Equipment Company
Date Particulars Debit Credit
1Nov Note Receivable $ 13,200
Account Receivable $ 13,200
RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.
31 December Interest Receivable $ 924
Interest Revenue $ 924
To record the accrued interest earned. $13,200*7%= $ 924. As it is for two months the amount would be $ (924/12)*2= $ 154
1 May Cash $ 13,662
Interest Income $ 462
Notes Receivable $ 13,200
RecRoom receives the interest on the note's maturity date. RecRoom receives the principal on the note's maturity date.
Answer:
D. goods but not services; any other country; the United States
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<Jayla>
I need more information that affects the company’s revenue in a good way or a bad way?
Answer:
-$2,400
Explanation:
1,200 shares price per share is $57.
So, the total amount:
= $57 × 1,200
= $68,400
Value of trade if offer is accepted = $60 per share
Total share issued in offer is 1,100
Therefore total value = 1,100 × $60 per share
= $66,000
So, the net value of trade:
= $66,000 - $68,400
= -$2,400
