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Kay [80]
3 years ago
6

On December 21, 2016, Alpha Company accepted from Bravo a $10,000, 90-day, 8% note in lieu of an existing $10,000 account receiv

able. Alpha Company's fiscal year-end is December 31. Use this information to prepare for the Alpha Company the General Journal entries (without explanation) for December 21, 2016.
Business
1 answer:
Elina [12.6K]3 years ago
5 0

Answer:

December 21, 2016,General Journal entries

Account                                     Debit                                Credit

Notes Receivable                      $10,000

Account Receivable                                                           $10,000

Explanation:

December 21, 2016,General Journal entries

Account                                     Debit                                Credit

Notes Receivable                      $10,000

Account Receivable                                                           $10,000

The accounts receivable of Alpha company were debited for $10,000 from Bravo company, When bravo company issued the note, Alpha company accepted it. Due to this acceptance, Accounts receivable were replaced by notes payable. So accounts receivable in debit were reduced to zero and were credited. Now notes receivable were debited as new asset.

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The table below shows some hypothetical data on the costs associated with the use of a liter of gasoline in a European country.
harina [27]

Answer:

The private cost for an individual of a liter of gasoline in Europe is 4.75

Explanation:

Private cost is a supplier's or producer's cost of providing goods and services without any external cost.

Private cost = 0.50 + 1 + 0.75 + 2.50

                    = 4.75

Therefore, The private cost for an individual of a liter of gasoline in Europe is 4.75

7 0
3 years ago
Netpass company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000 shares of treasury stock. the
irinina [24]
<span>The company has issued only 510,000 shares out of authorized 600,000 common stocks. As we know that dividend is paid only on issued shared, and treasury stocks do not get any dividend. So the total amount of dividend that will be paid = 0.65 * 510,000 = $331,500</span>
5 0
3 years ago
George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re
Dimas [21]

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x =  $170,500

x = $170,500 ÷ 0.021

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Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

4 0
3 years ago
........................
diamong [38]
I think it is D ...... sorry if it is wrong .-.
7 0
3 years ago
Do you think most employers are serious about the development of their employees or are they only concerned with productivity?
Mandarinka [93]

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

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3 years ago
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