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
OleMash [197]
3 years ago
13

Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10,200.

If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note
Business
1 answer:
zavuch27 [327]3 years ago
8 0

Answer:  Debit Accounts Receivable -Valley Spa  of $10,438 Credit interest revenue $238, Credit Notes receivable $10,200

Explanation:

Interest  Revenue =  Principal x Rate X time

$10,200 x 14% x 60/ 360 ( Using 360 days in a year)

$238

Journal to record dishonored note  for Tubman

Accounts titles and explanation           Debit         Credit

Accounts receivable                         $10, 438  

Interest revenue                                                                $238

Notes receivable                                                    $10,200

You might be interested in
1. At December 1, 2022, Swifty Corporation Accounts Receivable balance was $12770. During December, Swifty had credit sales of $
sesenic [268]

Answer:

1.

d. $19610 debit

Option D is the correct answer.

2.

Cash                         1480 Debit

    Service Revenue      1480 Credit

Explanation:

1.

The balance in the accounts receivable account can be calculated as follows,

Closing Balance = Opening balance  +  Credit sales  -  Cash Received from Accounts Receivable

Closing Balance of Accounts receivable at 31 December 2022 will be,

Closing Balance = 12770 +  34200 - 27360

Closing Balance = $19610 debit

The balance is debit because accounts receivables is an asset and the normal balance for asset account is debit.

2.

The entry to record the transaction is made in the answer part.

6 0
3 years ago
Explain the importance of denists and physiotherapists​
Paraphin [41]

Explanation:

physiotherapists help people affected by injury, illness or disability through movement and exercise, manual therapy, education and advice. They maintain health for people of all ages, helping patients to manage pain and prevent disease.

dentistry is important to maintaining the health of your smile as well as your overall health. Unaddressed tooth decay or gum disease can lead to infections and other conditions that can put your entire body at risk for health issues.

if my answer helps you than mark me as brainliest

5 0
3 years ago
Write an essay about unemployment/retrenchment and globalisation
galina1969 [7]
I can help you write your essay.

Unemployment

- define unemployment

- What results because of unemployment

- why does unemployment happen?

- when does unemployment happen?

- Who are the most unemployed people? Why?

- research information about unemployment

retrenchment

- define retrenchment

- what causes retrenchment to happen?

- How does retrenchment affect society


Globalisation

- define globalisation

- What happens during globalisation?

- Is globalisation a good or bad things? What does it impact?

Please vote my answer branliest! Thanks.
8 0
3 years ago
"Sally is in charge of erecting billboards along highways. The billboards display the logos of newly launched brands in the mark
USPshnik [31]

Answer:

preattentive processing

Explanation:

Preattentive processing -

It refers to the unconscious information , which can be adapted by the environment  , is referred to as preattentive processing .

It refers to the information or the facts that are usually present or adapted by the minds .

The information or data need not be learned again or revised .

As it is a human behavior to connect the things with some predefined knowledge or thoughts .

Hence , from the given scenario of the question ,

The correct term is preattentive processing .

3 0
3 years ago
Accounts receivable: Select one: A. are reported on the income statement. B. arise from the purchase of goods or services on cre
Elena-2011 [213]

Answer:

Option (D) is correct.

Explanation:

Accounts receivables refers to a term that is used by the businesses when a company sells the goods on account or credit to its customers and customers promise to pay this amount at a later date. The accounts receivable is shown under the current assets. When a company receives the amount of receivables then it will increases its cash and decreases the accounts receivables.

5 0
3 years ago
Other questions:
  • All of the following are reasons people favor home ownership EXCEPT:
    10·1 answer
  • The general pattern that consumption of the first few units of any good tends to bring a higher level of _______ to a person tha
    11·1 answer
  • A cost that changes in proportion to changes in volume of activity is a(n): Multiple Choice Differential cost. Fixed cost. Incre
    10·2 answers
  • Which of the following is not a human resources management function?
    14·1 answer
  • You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $32.24. At the end of the year, the fund pai
    15·1 answer
  • The balance in the Bonds Payable account is a credit of $65,500. The balance in the Discount on Bonds Payable account is a debit
    10·1 answer
  • One of the disadvantages of the Six Sigma approach compared to the Kaizen approach is that: Select one: a. the lack of ownership
    5·1 answer
  • For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance.
    14·1 answer
  • If a strategic plan is failing to meet its objectives, but the company's execution is deemed sufficient, management should first
    10·1 answer
  • The management team at Pass the Ketchup Brands has decided not to license its product because of concerns that this will create
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!