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Klio2033 [76]
3 years ago
13

Sloan Company receives a $3,000, 3-month, 6% promissory note from Day Company in settlement of an open accounts receivable. What

entry will Sloan Company make upon receiving the note?a. Notes Receivable 3,045Accounts Receivable—Day Company 3,045b. Notes Receivable 3,045Accounts Receivable—Day Company 3,000Interest Revenue 45c. Notes Receivable 3,000Interest Receivable 45Accounts Receivable—Day Company 3,000Interest Revenue 45d. Notes Receivable 3,000Accounts Receivable—Day Company 3,000
Business
1 answer:
Reika [66]3 years ago
6 0

Answer:

c. Notes Receivable 3,000 Interest Receivable 45 Accounts Receivable—Day Company 3,000 Interest Revenue 45

Explanation:

Interest from the Notes Receivable Sloan company receives = $3,000x6%x3/12 = $45

When receiving the note, the company have to record the decreasing of Accounts Receivable and the interest amount by the entries:

1. Debit Notes Receivable $3,000

Credit Accounts Receivable—Day Company $3,000

2. Debit Interest Receivable $45

Credit Interest Revenue $45

If the company received cash, the entry will be:

Debit Cash $3,045

Credit Notes Receivable $3,000

Credit Interest Receivable $45

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Answer:

The answer would be

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Share permissions manage access to folders shared over a network; they don’t apply to users who log on locally. Share permissions apply to all files and folders in the share; you cannot granularly control access to subfolders or objects on a share. You can specify the number of users who are allowed to access the shared folder.

There are three types of share permissions: Full Control, Change and Read. You can set each of them to “Deny” or “Allow” to control access to shared folders or drives:

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3 years ago
Which of the following is not commonly regarded as being part of a firm’s credit policy? a. Credit period b. Collection policy c
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Answer:

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The bank provided certain interest free period to the credit card holder to return the amount borrowed and charges an interest on the amount due.

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Answer:

The correct answer is the option A: subject to intermediate scrutiny unlike political speech.

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On the other hand, the <em>Commercial Speech</em> under the First Amendment is seen as a particular case of speech due to the fact that this one can be harmful for the people and therefore can be fraudulent to them and in order to prevent that from happening the First Amendment does not protect so much the commercial speech and this last one is far more regulate it by the government than political speech.

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