Jasper's entry to record the transaction should be Debit Notes Receivable for $92,000; Credit Cash $92,000
A debit notice is a report utilized by a seller to inform the client of modern-day debt duties, or a document created by a consumer when returning goods obtained on credit.
Debit note is a document which displays that a debit is made to the alternative celebration's account. credit score note is an device used to inform that the alternative birthday party's account is credited in his books.
Explanation:-
When Jasper makes a loan to Clayborn it is an asset in the books of Jasper therefore when increasing asset Debit Note Receivable at the same time the loan is given by cash therefore another asset cash will decrease hence Credit Cash.
Hence, All other options are incorrect
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Answer:
$1,589,500
Explanation:
The computation of the estimated sales revenue is shown below:
= Number of units sold × increased percentage ÷ current market percentage × falling percentage × new price for the backpacks
= 102,000 × 110 ÷ 30 × 25% × $17
= $1,589,500
The increased percentage would be
= 100 + 10
= 110
Simply we ignore the selling price per unit and consider all other items which are mentioned in the question
Answer:
The correct answer is letter "A": Sales invoice.
Explanation:
In a Business-to-Business (B2B) transaction sales invoices are provided to record the goods or services exchanged between entities or the record the services rendered from one company to the other. The information included in the invoice reflects the details of the operation such as <em>good or service acquired, quantity, date, </em>and <em>price</em>. This feed could help businesses to predict the future behavior of the other entity or to provide profitable suggestions to them.
Answer:
1) 9.5 times.
Explanation:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable
Average accounts receivable = beginning accounts receivable + closing accounts receivable / 2
= $800,000 + $900,000/2
=$1,700,000 /2
=$850,000
Accounts Receivable Turnover Ratio = $8,040,000/$850,000
Accounts Receivable Turnover Ratio = 9.4588
=9. 5
Answer:
Net New Borrowing is 10,000
Explanation:
Cash available for capital spending = Operating cash flow - Interest Paid - Dividends Paid - Change in Net Working Capital + New Equity Issued
= 117,000 - 60,000 - 53,000 - 21,000 + 29,000
= 12,000
Net new borrowing = Net Capital Spending - Cash available for capital spending
= 22,000 - 12,000 = 10,000