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yan [13]
2 years ago
8

On July 15, 2015, Coolidge Company paid its 30-day, 10 percent, $600 note payable to Ross Company. Prepare the July 15 journal e

ntry for Coolidge by selecting the account names and dollar amounts from the drop-down menus. If there are multiple debits or credits, enter your answers in alphabetical order.
Business
1 answer:
steposvetlana [31]2 years ago
3 0

Answer:

Dr Notes Payable account 600

Dr Interest Expense account 5

Cr Cash account 605

Explanation:

The total interest due = $600 x 10% x 1/12 =$5

Notes payable is a liability account and it decreases, so it should be debited.

All expenses are debited.

Cash is an asset account and it decreases, so it should be credited.

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The term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.

What is work product ?

Work product serves as the  writings, notes, memoranda,  that is been done on a conversations with the client or witness, as well as the confidential materials that is been formed by  attorney while representing a client, particularly in preparation for trial.

On the hand can be regarded as the mental impressions, conclusions, opinions,  for an attorney in anticipation of litigation , hence  term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.

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CHECK THE COMPLETE QUESTION:

What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project’s products are correct and complete?

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1 year ago
Pluralistic ignorance efffect. How to apply in business administration? Give example
MrRa [10]
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3 years ago
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3 years ago
In what ways did Skilling's involvement in unethical financial and accounting practices benefit stakeholders initially?
Mila [183]

Answer:

The given case relates to the movie Enron. In the movie, Jeffrey Skilling engineered transactions and falsely boosted stock values, allowing various stakeholders to earn higher returns at first. Arthur Anderson, the corporation's auditor, was involved in the investment fraud. Thus, initially to increase the share price the defaulters boosted their earnings.  

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3 years ago
This morning, DJ’s invested $238,000 to help fund a company expansion project planned for three years from now. How much additio
rusak2 [61]

Answer:

$3,842.78

Explanation:

We must determine the future value of the money invested and then calculate the difference between both return rates. We can use the future value formula: FV = present value x (1 + return rate)ⁿ

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3 years ago
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