They can settle their creditor debtor relations out of court through a WORKOUT.
A workout refers to an out of court arrangement in which a debtor and a creditor reach some agree about how the debtor is going to pay the creditor back.
It Is meaning that you don't spend enough time with life instead you spend more time being distracted and confused
Answer:
caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca popo caca
Answer:
See the explanation section.
Explanation:
Mar. 4 Cleaning supplies debit = $77
Accounts payable - Health-Rite Supplies credit = $77
<em>To record the purchase of supplies.</em>
Mar. 19 Office equipment Debit = $3,750
Accounts payable - office Warehouse Credit = $3,750
<em>To record the purchase of office equipment on account.</em>
Mar. 23 Cleaning supplies Debit = $224
Accounts payable - Rubble Supplies Credit = $224
<em>To record the purchase of supplies.</em>
Answer:
Total cash= $265,000
Explanation:
Giving the following information:
Sales:
July $200,000
August $300,000
September $250,000.
40% of the sales are for cash, and 60 percent are on credit. For the credit sales, 50 percent are collected in the month of sale and 50 percent the next month.
We need to determine the cash collection for September:
Cash collection:
Sales in cash September= 250,000*0.4= 100,000
Sales on account September= (250,000*0.6)*0.5= 75,000
Sales on account August= (300,000*0.6)*.5= 90,000
Total cash= $265,000
