Answer and Explanation:
The Journal entry is shown below:-
1. Accounts receivable Dr, $8,380
To sales revenue $8,380
(Being credit sales is recorded)
For recording the credit sales we simply debited the accounts receivable and credited the sales revenue)
2. 7% Notes receivable Account Dr, $8,380
To Accounts receivable $8,380
(Being settlement with the account is recorded)
For recording the settlement with the account we simply debited the 7% Notes receivable and credited the accounts receivable.)
Answer:
Net Cash=$390,000
Explanation:
Net Cash provided by financing activities = Increase in bond payable + Issuance of common stock - Payment of cash dividends
Net Cash= $300,000+$180,000-$90,000
Net Cash=$390,000
Net cash also refers to the amount of cash remaining after a transaction has been completed and all associated charges and deductions have been subtracted
Answer:
The Journal entries are as follows:
(i) On April 1,
Legal fees expenses A/c Dr.$2,000
To Legal fees payable $2,000
(To record the legal fees expenses)
(ii) On May 12,
Legal fees payable A/c Dr. $2,000
To Cash A/c $2,000
(To record the payment of legal fees)
The answer to this question is False.
Texas House of Representatives consists of 150 members who are elected by the state and they have a 2 years term. The members of the Texas House of Representatives meet at the House of Representatives chamber of the Texas State Capitol and there is no term limit for being a member of this house.
