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I am Lyosha [343]
2 years ago
12

Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year.

Business
1 answer:
Sindrei [870]2 years ago
4 0

Answer:

Explanation:

To record note received

On June 23.                                      Debit                          Credit

Notes Receivable                           $48,000                      

Accounts receivable for Radon ExpressCo                          $48,000

interest revenue = $48,000 x 8%x 90/360

To record dishonored note

On September 21st                        Debit                              Credit

Accounts receivable for Radon Co $48,960

Notes Receivable                                                             $48,000

Interest Revenue                                                                   $960                                                                        

Interest Revenue  $48,960 x 10%x 30/360 = $408

Journal to record Cash Received        

     October 21                                             Debit             Credit

Cash                                                   $49,368

Accounts Receivable for Radon Express Co             $48,960

Interest                                                                               $408  

                       

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Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally
yKpoI14uk [10]

Answer:

A. Expensed when incurred.

Explanation:

An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).

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As the vice president of sales for Dunder Mifflin, Inc., a company that manufactures and sells paper to commercial offices, it h
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Answer: Create Focus Groups.

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2 years ago
To the extent that Italian Americans have intermarried with Anglo Americans and are proportionately represented in various socie
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Answer:

The correct answer is (C) structural assimilation

3 0
3 years ago
Which phrase describes the substitution effect?
finlep [7]
I think it is 
<span>D.)substituting existing technology with a new technology to produce more goods
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8 0
2 years ago
Read 2 more answers
Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's
CaHeK987 [17]

Answer: (a) $295 million

(b) $326 million

Explanation:

Given that,

Sales = $900 million during 2016

Cash = $871 million

Cost of goods sold = $280 million

Expenses for the year totaled = $325 million

Paid for Inventory = $375 million

Paid for everything else = $285 million

Beginning cash = $115 million

(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled

                        = $900 - $280 - $325

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(b) Carter's cash balance at the end of 2016:

= Cash + Beginning cash - Paid for Inventory - Paid for everything else

= $871 + $115 - $375 - $285

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4 0
2 years ago
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