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Alex787 [66]
3 years ago
12

Paper Company receives a $4,945, 3-month, 11% promissory note from Dame Company in settlement of an open accounts receivable. Wh

at entry will Paper Company make upon receiving the note
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer and Explanation:

The journal entry is shown below:

Notes Receivable, Dame Company $4,945

        To Accounts Receivable, Dame Company $4,945

(Being the note receivable is recorded in settlement of the account receivable)

Here the note receivable is debited as it increased the assets and at the same time the account receivable is credited as it decreased the assets. Also the assets contains normal debit balance

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Answer:

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Explanation:

6 0
3 years ago
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You purchase 4,000 bonds with a par value of $1,000 for $978 each. The bonds have a coupon rate of 7.7 percent paid semiannually
drek231 [11]

Answer:

The amount to be received onthe coupon date is $154000.

The amount to be received at bonds maturity is $4154000.

Explanation:

amount received on the next coupon date = 4000*$1000*7.7%*6/12

                                                                       = $154000

amount to receive when the bonds mature = face value + interest

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Therefore, the amount to be received onthe coupon date is      $154000 and the amount to be received at bonds maturity is $4154000.

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3 years ago
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nalin [4]

Answer: Crea una LLC o Corporación. ...

Registre su nombre comercial. ...

Solicite un número de identificación fiscal federal. ...

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Explanation:

6 0
3 years ago
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The lasting impact resulting from 20th-century banking reforms in the United States is "the reforms approved the Board to determine reserve requirements and interest rates for deposits at member bank."

The banking reforms made in the 20th century in the United States are many, and many of these reforms are still applicable today.

Some of the lasting effects of these reforms include the following:

The Board of Governors to determine the monetary policy.

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The reforms also separate commercial banks from investment banks.

Hence, in this case, it is concluded that the many banking reforms made in the 20th century still exist today.

Learn more here: brainly.com/question/12008240

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If a price is too high to clear the market, that means
kipiarov [429]

Answer:

If a price is too high to clear the market, that means the quantity of supplies have exceeded the amount that is demanded.

Explanation:

Have a great summer :)

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3 years ago
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