Answer:
The borrower records its receipt of cash and new liability with this entry
Jan 1 Notes Receivable $10,000 Dr.
Sales / Accounts Receivable $10,000 Cr.
Received Note of 3 months with 9% interest
The entry would credit to Sales if it is received against sales or credit to account receivable isf it is received against accounts receivable for a further time period as the case may be.
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Answer:
A. Progress report.
Note If I am wrong I will check it again and provide a new answer.
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Answer:
He has a teenage daughter that was pregnant or with a little child.
Explanation:
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers are vouchers provided by the federal government to states to ensure that low income pregnant teenager or women, infants and children have access to supplemental food, healthcare, etc. This is in a bid to ensure that every pregnant woman, their children or infants are well taken care of and have access to better health system among other things.
These vouchers cater for over millions of people through their over 40,000 merchants all over the world.
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Answer:
The future value of the same annuity due is $9307.50
Explanation:
FVA6 = 8500*(1 + 9.5%)
= $9307.50
Therefore, The future value of the same annuity due is $9307.50
This is true for example if someone stops paying their mortgage the bank takes their house even though the people have been paying money <span />