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
OverLord2011 [107]
3 years ago
12

On April 12, Hong Company agrees to accept a 60-day, 10%, $5,900 note from Indigo Company to extend the due date on an overdue a

ccount. What is the journal entry needed to record the transaction by Indigo Company
Business
1 answer:
frutty [35]3 years ago
5 0

Answer and Explanation:

The Journal entry is here below:-

Accounts Payable Dr, $5,900

           To Notes payable $5900

(Being the note payable is recorded)

we are debited the accounts payable as it decreased the liabilities and we credited the notes payable as it increased the liabilities in order to do the correct journalizing and posting

You might be interested in
After considering current market conditions, an investor decides to place 60% of her funds in equities and the rest in bonds. Th
antoniya [11.8K]

Answer:

Asset allocation.

Explanation:

A basic decision that every investor must make is how to distribute his or her investable founds amongst the various asset classes available in the marketplace.

-Stocks

-Fixed income

-Cash equivalents

-Alternative assets

-Real estate

The strategic allocation is the proportion of wealth the investor decides to place in each of these asset classes. It is something also referred to as the investor´s long term normal allocation because it is presumed to be the baseline allocation that will remain in place until the investor´s life circumstances change appreciably.

4 0
4 years ago
Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been
stira [4]

Answer: C. both Tim and Bev to be marginally attached workers

Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.

Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.

8 0
4 years ago
Read 2 more answers
Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic c
EastWind [94]

Answer:

c

Explanation:

lololololoolololololol

6 0
3 years ago
Please help me :((
vlada-n [284]
Yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp
3 0
3 years ago
"PDQ Corporation has declared a rights offering to stockholders of record. The company has 5,000,000 shares outstanding and is s
Nimfa-mama [501]

Answer: C. II and III

Explanation:

There are 5,000,000 shares of PDQ Corporation as of when they declared the rights offering. This means that every share will get a right to buy stock.

However, as only 1,000,000 shares are being offered per the 5,000,000 shares outstanding it means that one stock may be purchased for every 5 rights.

A customer who owns 500 shares will therefore get 500 rights.

However with one stock up for sale per 5 rights they will receive the opportunity to buy;

= 500/5

= 100 shares

5 0
3 years ago
Other questions:
  • Bronco, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B
    7·1 answer
  • When members for the industrial workers of the world demnaded change for conditions in the copper mines of ________ the phelps d
    7·1 answer
  • Which of the following is not a disadvantage to inflation targeting?
    8·1 answer
  • Which of these is not one of the basic functions of the management​ process?
    11·1 answer
  • Which of the following is a likely result of a lack of accountability?
    9·1 answer
  • The rule of supply and demand says that
    15·2 answers
  • Revenue is traditionally recognized in the accounting records when
    7·1 answer
  • The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,219 Accounts r
    5·1 answer
  • Ana is trying to finish an account analysis for a client, but she's missing data. She e-mails Claire in database administration
    10·1 answer
  • What does respecting people’s privacy mean?<br> Which factor is a component of verbal communication?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!