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Answer:
The answer is
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Explanation:
The yearly interest rate is 10%
So the interest rate for 90 days(assume 360 days make a year?
90/360 x 10%
2.5% is the interest rate for 90 days.
The interest payment for 90 days will be;
2.5% x $4,800
= $120
The entry will now be:
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Answer:
D. Debit Deferred Revenue and credit Service Revenue for $12,000.
Explanation:
Total Subscription receipt for one year = 400 x $90 = $36,000
Number of months accrued = December 31, 2021 - September 1, 2021 = 4 months
Revenue accrued = Total Revenue x (Number of Months accrued / 12) = $36,000 x (4/12) = $12,000
So the correct option is D. Debit Deferred Revenue and credit Service Revenue for $12,000.
Answer:
B
Explanation:
she has to do the following to reinstate her license - Makes a proper application within thirty-one days after the date of expiration, by payment of the regular three-year renewal fee.
Answer:
The statement is: True.
Explanation:
Audience adaptation is the technique in which speakers engage the topic they will talk about with the audience in front of them. There are four steps in achieving that engagement starting by <em>portraying the relevance of the subject, then facilitating comprehension of the topic, joining the audience with the subject, to finally provide proof to confirm the information provided is reliable</em>.