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
Gnoma [55]
2 years ago
14

On April 12, Hong Company agrees to accept a 60-day, 10%, $4,500 note from Indigo Company to extend the due date on an overdue a

ccount. What is the journal entry that Indigo Company would make, when it records payment of the note on the maturity date
Business
1 answer:
yulyashka [42]2 years ago
7 0

Answer:

Dr Notes Payable 4500

Dr Interest expense 75

Cr Cash 4575

Explanation:

Based on the information given if On April 12, the Hong Company agrees to accept a 60-day which include the amount of $4,500 note from Indigo Company which means that in order to extend the due date on an overdue account the journal entry that Indigo Company would make, when it records payment of the note on the maturity date is :

Dr Notes Payable 4500

Dr Interest expense 75

(4500/60 days)

Cr Cash 4575

(4500+75)

You might be interested in
A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60 payments remain, and the next payment is due
liubo4ka [24]

Solution:

Sum      Present value of 60 payments

             Rent                                              2000

            Periods                                           60

            Rate                                                 12%

        Present value of 60 payments    $94,405 (Excel = PV( 1% , 60 , 2000))

       Future value of these payments at t=9

       Future value                                   $1,03,249.99(Excel=FV(1%,9,94,405)

       Periods                                              51

        Rate                                                 12%

8 0
2 years ago
Buying and selling products online is called ____________. A. Information systems B. Browsing the web C. E-commerce D. E-mailing
Nadusha1986 [10]

Answer:

The answer is C. E-commerce

Explanation:

E-commerce refers to the process of buying or selling products or services over the Internet. So i believe this is the answer to the question.

3 0
2 years ago
According to recent data, obese patients are less likely than nonobese patients to obtain preventive health services and exams,
Blizzard [7]

The statements that are true based on the obese pations are statements 1 and 2. Henvce Both the first and second statements are true.. Option 2

<h3>What is meant by obesity?</h3>

The delay in receiving medical care has a positive relationship with BMI. 12.7% of participants said they have postponed or cancelled a doctor's appointment because of weight issues.

An important component of treating obesity is increasing physical activity or exercise: Exercise. For those who are obese, 150 minutes a week of moderate-intensity exercise is required to either maintain current weight loss or to stop further weight gain.

Weight gain that is abnormal or excessive and poses a risk to health is what is meant by the terms "overweight" and "obesity." Overweight is defined as a body mass index (BMI) of 25, and obesity as a BMI of greater than 30. Obesity in the United States has dramatically increased in prevalence over the past few decades, leading to a huge public health concern.

Read more on obesity here: brainly.com/question/1646944

#SPJ1

6 0
1 year ago
A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.
lyudmila [28]

Answer:

b. 10% doubling

Explanation:

Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

4 0
2 years ago
The theory of ____________ states that a nation should produce and sell goods to other countries that it produces most efficient
nikitadnepr [17]

comparative advantage theory is the answer

4 0
2 years ago
Other questions:
  • ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that
    14·1 answer
  • ​a psychologist gives the same test to a client twice. the tests are separated by six days. if the test results are quite diss
    5·1 answer
  • Diaz Company reports the following variable costing income statement for its single product. This company’s sales totaled 55,000
    6·2 answers
  • Janelle, one of Abdul’s employees, has performed poorly on many aspects of her job since she was hired four months ago. This is
    13·1 answer
  • A program in which students learn a specific skill for a particular job is called a(n)
    8·1 answer
  • Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothi
    7·1 answer
  • M13-9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,500,000
    9·1 answer
  • How do you plan to become a responsible consumer? ​
    10·1 answer
  • The following information is available for a company's utility cost for operating its machines over the last four months. Month
    6·1 answer
  • Explain the importance of denists and physiotherapists​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!