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Marat540 [252]
3 years ago
13

Percy Partners had the following transactions:

Business
1 answer:
Assoli18 [71]3 years ago
4 0

Answer:

                          Journal entry

Date       General Journal         Debit$       Credit$

Oct 31      Cash                           10000

                      Notes payable                        10000

Dec 1       Account receivable     900  

                       Service revenue                      900

Dec 31     Interest expense         100

                (10000*6%*2/12)

                       Interest payable                       100

                Interest receivable       9

                (900*12%*1/12)

                        Interest revenue                       9

June 1      Cash                             954  

                        Notes receivable                    900

                        Interest receivable                    9

                        Interest revenue                       45

June 30   Notes payable          10000  

                Interest payable         100

                Interest expense        300  

                         Cash                                         10400

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Answer:

$1,160,000.00

Explanation:

The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its  cash was received in the prior year.

Amount of cash received during the year=$1,200,000-$25,000-$15,000=

$ 1,160,000.00  

The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue

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Breaking down the answer to the question: "Have you ever purchased a ticket online for an American Airlines flight?" into subgro
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Answer:

Demographic Segmentation

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