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Yanka [14]
3 years ago
8

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,

800. Music World's journal entry to record the collection on the maturity date is:
Business
1 answer:
Lostsunrise [7]3 years ago
5 0

Answer:

Interest revenue = $7800*8%/360*60

Interest revenue = $104

Date  Journal Entry             Debit    Credit

          Cash                          $7,904

                 Notes Receivable            $7,800

                 Interest Revenue             $104

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Whispering Winds Corp. just began business and made the following four inventory purchases in June: June 1 147 units $882 June 1
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Answer:

the ending inventory using the LIFO method is $1,225

Explanation:

The computation of the value of the inventory using the LIFO method is shown below;

Since there are 196 closing units

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The $6 come from

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And, $7 comes from

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Hence, the ending inventory using the LIFO method is $1,225

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In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire wor
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Answer:

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Correct answer is B that is <u>Indirect Organizational Pattern</u>

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