Answer:
im not sure what the answer wold be but you woulkd if you actually did your own work but its b
Explanation:
Answer:
The required entries on 14 January is as follows:
Dr Notes receivable $5,000
Cr Sales $5,000
Explanation:
No doubt by selling the merchandise a sale transaction has been discharged since the ownership of the goods has changed hands between the seller and the buyer,hence the seller can record a sale by crediting sales account.
However, since the cash has not been received nor is the transaction a mere credit sale where accounts receivable would been debited,neither the cash nor accounts receivable can be debited.
The debit goes to the notes receivable account, without considering the interest as the interest is considered later on when payment becomes due.
For the purpose of allocating the transaction price to multiple performance obligations, if a stand-alone selling price cannot be directly observed, the seller should estimate the stand alone price by seeing all the things that maximizes the use of observable inputs.
Seller must apply different estimation methods which are consistent to similar circumstances of the not availability of stand alone price.
Different methods which can be used for estimating the stand-alone selling price of a good or service include the following:
Expected cost plus margin
Adjusted market assessment
Residual value.
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Her premiums would rise, Rebecca decided to lower her deductibles the amount of expense that usually covered b the deductibles would be allocated to the premium
Answer:
When Jones issued a series of competing soda flavors featuring candidates in the 2008 presidential election, their main intent was likely to attract the youth.
In every country, the youth is generally the most energetic. It can be highly beneficial for the candidates to involve the youth because of the energy and their forward thinking minds.
If they can indulge the youth through soda flavors, they can make use of their energy to benefit their campaigns.
