Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.

On January 1, 2022, Harvee Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $3,700. Harvee Comp

Alexxandr [17]

Answer:

Jan. 5

Dr Account Receivable $4,000

Cr Sales $4,000

(to record sales to Rian)

Feb. 2

Dr Promissory note Receivable $4,000

Cr Account Receivable $4,000

(to record acceptance of Rian company's note)

Feb. 12

Dr Promissory note Receivable $12,000

Cr Sales $12,000

(to record sales to Cato company through acceptance its notes)

Feb. 26

Dr Account Receivable $5,200

Cr Sales $5,200

(to record sales to Malcolm)

Apr. 5

Dr Promissory note Receivable $5,200

Cr Account Receivable $5,200

( to record acceptance of Malcolm notes)

Apr. 12 ( assume Cato's note is collected)

Dr Cash $12,200

Cr Promissory note Receivable $12,000

Cr Interest Income $200

(to record the collection of Cato's note)

June. 2 ( assume Rian's note is collected)

Dr Cash $4,120

Cr Promissory note Receivable $4,000

Cr Interest Income $120

(to record the collection of Rian's note)

Jul. 5

Dr Cash $5,304

Cr Promissory note Receivable $5,200

Cr Interest Income $104

(to record the collection of Malcolm's note)

Explanation:

The calculation of Interest income from the Notes of the three companies as followed:

Rian: 4,000 x 9% x 4/12 = $120

Cato: 12,000 x 10% x 2/12 = $200

Malcolm: 5,200 x 8% x 3/12 = $104.

Further explanation has been put as description under each journal entries listed above.

Cost of goods sold is not included for each sales entries as guided in the question.

5 0

3 years ago

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

adoni [48]

Social entrepreneur . commorical profit

7 0

4 years ago

Leonard Technologies invests $ 62,000 to acquire $ 62,000 face value, 8%, fiveminusyear corporate bonds on December 31, 2014.

navik [9.2K]

Answer:

Find attached correct question that matches the options provided in this question:

The correct option is B, a credit to Interest Revenue for $2,700

Explanation:

The semiannual coupon interest receivable from the bond investment is the face value of $54,000 multiplied by 10% adjusted to reflect a six month revenue rather than a year a shown below:

semiannual interest receipt=$54,000*10%*6/12=$2,700

The $2,700 would be debited to cash as an income while also being credited to interest revenue ,hence option B is correct

Download xlsx

7 0

3 years ago

A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who

krok68 [10]

Answer: No. The owner cannot get the card back because of the minor’s lack of capacity

Explanation:

From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.

It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.

The baseball card will only be gotten if the minor wishes to give it back.

4 0

3 years ago

Max bought a ticket to the championship baseball game for $170. Someone approaches him outside the stadium and offers him $365 f

Zinaida [17]

Answer:

<h2>The answer in this instance, would be option a. or $365.</h2>

Explanation:

In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.

7 0

3 years ago