1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetlanka [38]
3 years ago
5

Demonstrate the required adjusting entry needed to record a $1,000 note receivable collected by the bank by choosing the correct

entry below. Debit Cash $1,000 and credit Accounts Receivable $1,000. Debit Cash $1,000 and credit Notes Receivable $1,000. Debit Notes Receivable $1,000 and credit Cash $1,000. Debit Cash $1,000 and credit Notes Payable $1,000.
Business
1 answer:
MrRissso [65]3 years ago
5 0

Answer:

Debit Cash $1,000 and credit Notes Receivable $1,000.

Explanation:

The adjusting entry is shown below:

Cash Dr $1,000

    To Notes receivable $1,000

(Being the note receivable collected by the bank is recorded)    

While recording the transaction, we debited the cash account as it increases the cash balance and credited the note receivable.

Hence, the second option is correct

You might be interested in
HELP PLEEEEEEEEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!
disa [49]
This is referred to as dual enrollment.
3 0
4 years ago
Read 2 more answers
In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What
Natasha2012 [34]

Answer: Persuasion

Explanation: Persuasion can be define as the act of influencing someone or changing their mindset. In such case, the one persuading other must have his own mind set.

In the given case, George wants the audience to change their mindset of using plastic bottles as they are harmful for environment.

Thus, from the above we can conclude that the purpose of George behind his speech is persuasion.

5 0
3 years ago
The government tax for a sole proprietorships and a partnership is classified under
guapka [62]

Answer:

the answer is personal income

7 0
3 years ago
Read 2 more answers
How has the Internet changed the way candidates running for congress campaign?
hammer [34]
I would say the best answer is letter d. it has made it easier to get campaign message across to voters. With social media websites like Facebook and Twitter alone, politicians are already able to communicate with the people since everyone is on the internet. 
8 0
3 years ago
Bean​ Brewers, Inc., a manufacturer of coffee​ makers, had the following​ activities, allocated​ costs, and allocation​ bases: A
aivan3 [116]

Answer: B. $438

Explanation:

Correspondence Cost = Number of letters * Predetermined cost of correspondence  

Predetermined cost of correspondence = Allocated cost/ Allocated base

= 14,000/1,600 letters

= $8.75 per letter

Northeast Office used 50 letters for correspondence.

Cost = 8.75 * 50

= $437.50

= $438

4 0
3 years ago
Other questions:
  • The text uses __________ as an example of a set of people with a history as a counterculture in the u.s.
    6·1 answer
  • Tri-Coat Paints has a current market value of $41 per share with earnings of $3.64. What is the present value of its growth oppo
    10·1 answer
  • Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount tha
    10·1 answer
  • The following data are given for Harry Company:
    14·1 answer
  • Common stock with a total par value of $50,000 (par value of $0.50 per share) have been issued, and 5,000 shares of treasury sto
    7·1 answer
  • When moving to a new rental, you'll likely need to pay a security deposit.
    6·1 answer
  • Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)
    7·1 answer
  • (ङ) मुहावरे का अर्थ लिखकर वाक्य प्रयोग करें-<br>चाव होना, आश्चर्य की सीमा न रहना ।​
    8·1 answer
  • An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
    12·1 answer
  • Empirical research has provided evidence that firms founded by _____ are generally more successful than those founded by _____.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!