Answer:
The Parry Glitter Company
The Parry Glitter Company should record the Notes Receivable as $300,000.
It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year. These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.
Step-by-step explanation:
a) Data and Calculations:
Notes Receivable = $300,000
If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%
Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.
I donu im just a kid that runs track. ahahahhahhahahha and plays roblox hahahahh
Answer:
Step-by-step explanation:
Side-angle-side.
Answer: the answer is a
Step-by-step explanation:
Answer:
3x18 = 3 (10+8) is an example of the commutative property of multiplication
Step-by-step explanation:
