Other part of question attached
Answer and Explanation:
Answer and explanation attached
Answer:
Here Hope has missed clicking the Header Row Options.
Explanation:
Here Hope has missed clicking the Header Row Options, that's why the row of Gas an Percentage has gone to the third number. He has chosen the Ascending Order Button, that's why all the data has been arranged in the alphabetically ascending order, which consequently has dislocate the Main heading of Gas and Percentage from the top.
It should be like as shown below (After clicking Header Row Option):
Gas Percentage
Argon 0.93
Carbon Dioxide 0.04
Nitrogen 78.00
Oxygen 21.00
Other Gases 0.03
Answer:
A) The balance sheet will report the note receivable of $8,400
Explanation:
Notes receivables and promissory notes are part of the Notes Receivables account, which is an asset account in the balance sheet. They are recorded as follows:
- Dr Notes Receivable account 8,400
- Cr Accounts Receivable account 8,400
Both accounts are asset accounts, but notes receivable is replacing accounts receivable. Therefore since notes receivable is increasing, it should be debited, and since accounts receivable is decreasing, it should be credited.
You don't record any interest, only after the interest is paid, you should record it as interest revenue.
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