1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalka [10]
2 years ago
9

Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% ap

proximates the market rate of return, what would be the debit in this journal entry to record the sale
Business
1 answer:
svetlana [45]2 years ago
8 0

Answer:

The journal entry to record the sale :

Debit : Note Receivable $120000

Credit : Sales Revenue $120000

Explanation:

The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.

You might be interested in
In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per 5-day week
BaLLatris [955]
I believe the answer would be C.
 Because you are dividing the dining chairs by the number of workers... That would give you the total amount of chairs that each worker assembled. Then you divide that by the 5 days and you would get the number of chairs that each worker assembled each day.

So, the answer would be C

  
7 0
3 years ago
Read 2 more answers
CAN SOMEONE PLEASE HELP ME WITH MY ECONOMICS CLASS I BEEN STRUGGLING ON IT PLEASEEE HELP ME !!!!
vitfil [10]

Answer:

can u tell me what it is and I'll help

8 0
3 years ago
You need to know more than just facts in order to use critical thinking skills.
Leokris [45]

the answer to this is true

5 0
3 years ago
Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity. Both securities
uranmaximum [27]

The duration of Security P based on the info given will be 11 years.

<h3>How to calculate the time?</h3>

From the information given, Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity.

Therefore, the duration will be:

= (1 + y)/y

= (1 + 0.1)/0.1

= 1.1/0.1

= 11 years

Learn more about security on:

brainly.com/question/25720881

#SPJ1

6 0
1 year ago
A company wants to determine if the average shearing strength of all rivets manufactured is more than 1000 lbs. A sample of 25 r
ser-zykov [4K]

Answer:

B- The average shearing strength of all rivets manufactured must be between 1001.4 and 1006.2.

Explanation:

The company manufactures rivets and it want to analyze the strength of the rivets manufactured. For this purpose the company has carried out hypothesis testing in which the confidence interval resulted to be 1001.4, 1006.2, this indicates that the average strength of each rivet must be between the two values.

4 0
3 years ago
Other questions:
  • Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are ma
    14·1 answer
  • Employee morale, timeliness of delivery, and the reactions of customers are examples of nonfinancial factors that should be cons
    14·1 answer
  • What are some union issues that are in the popular press (news, magazines,
    6·1 answer
  • Harold wants to purchase a lot next door to Sarah's home that is owned by Sarah. Herold knows Sarah will not sell the lot to him
    5·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    8·1 answer
  • When increasing production from 12,000 computers to 15,000 ​computers, the​ company's average cost of production will A. inc
    14·1 answer
  • Question number 6 I need help
    12·1 answer
  • On January 1, 2019, the board of directors was considering the distribution of a $63,500 cash dividend. No dividends were paid d
    14·1 answer
  • Kelly finds that her intended improvement, a veterinary clinic, is allowed by the zoning classification of her land only if she
    9·1 answer
  • in a typical balance of payments crisis part 2 a. the interest parity curve shifts out. b. the interest parity curve shifts in.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!