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natulia [17]
3 years ago
7

I Need helpppp asappp!

Business
2 answers:
guapka [62]3 years ago
7 0

Answer:

A

Explanation:

I don't know if I am correct but I am going to try. Debit cards, checks and credit cards come from your money. So that leaves EPTs. Sorry if I am wrong.

Fofino [41]3 years ago
5 0

Answer:

EFT?

Explanation:

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Tickets to see Willie Nelson cost $40. On any given day, you would be willing to pay up to $50 to see and hear Willie Nelson per
Lady bird [3.3K]

Answer:

$40

Explanation:

The Value to seeing the clubs  play the White Sox must be valued at an amount that include the cost price at the minimum.The maximum the value would be $50 (at which any amount above this you will not be willing to accept the ticket).

6 0
3 years ago
Strickland Company owes $200,000 plus $18,000 of accrued interest to Moran State Bank. The debt is a 10-year, 10% note. During 2
nika2105 [10]

Answer:

A. Strickland Company (DEBTOR)

Dr Note Payable200,000

Dr Interest Payable18,000

Dr Accumulated Depreciation-Machine221,000

Cr Machine390,000

Cr Gain on Disposition of Machine 11,000

Cr Gain on Debt Restructuring 38,000

Moran State Bank (CREDITOR)

Dr Machine180,000

Dr Allowance for Doubtful Accounts38,000

Cr Note Receivable200,000

Cr Interest Receivable18,000

B. Based on the information given they should report both the gain or loss on the disposition of machine as well as on restructuring of debt as ordinary gain in its 2017 income statement

C. Strickland Company (DEBTOR)

Dr Note Payable200,000

Dr Interest Payable18,000

Cr Common Stock150,000

Cr Additional Paid-in Capital 30,000

Cr Gain on Debt Restructuring38,000

Moran State Bank (CREDITOR )

Dr Investment 180,000

Dr Allowance for Doubtful Accounts38,000

Cr Note Receivable200,000

Cr Interest Receivable18,000

Explanation:

(a)Preparation of the journal entries .

Strickland Company (DEBTOR)

Dr Note Payable200,000

Dr Interest Payable18,000

Dr Accumulated Depreciation-Machine221,000

Cr Machine390,000

Cr Gain on Disposition of Machine 11,000

[$180,000 – ($390,000 – $221,000) ]

Cr Gain on Debt Restructuring 38,000

[($200,000 + $18,000) – $180,000]

Moran State Bank (CREDITOR)

Dr Machine180,000

Dr Allowance for Doubtful Accounts38,000

Cr Note Receivable200,000

Cr Interest Receivable18,000

(b) Based on the information given they should report both the gain or loss on the disposition of machine as well as on restructuring of debt as ordinary gain in its 2017 income statement

(c)Preparation of the entries to record the transaction for both parties.

Strickland Company (DEBTOR)

Dr Note Payable200,000

Dr Interest Payable18,000

Cr Common Stock150,000

Cr Additional Paid-in Capital 30,000

Cr Gain on Debt Restructuring38,000

[($200,000 + $18,000) – $180,000]

Moran State Bank (CREDITOR )

Dr Investment 180,000

Dr Allowance for Doubtful Accounts38,000

[($200,000 + $18,000) – $180,000]

Cr Note Receivable200,000

Cr Interest Receivable18,000

7 0
3 years ago
The Route 66 Gift Shop, which records sales and sales tax separately, had sales on account of $1,500 and cash sales of $1,000. T
Romashka-Z-Leto [24]

Answer: D. Debit to Accounts Receivable of $1,620 and a debit to Cash of $1,080.

Explanation:

Route 66 Gift Shop records sales and sales tax separately so we would have to account for both of them in the amount recorded in the Journal Entry.

For the Accounts Receivables therefore the figure we would record is,

= 1,500 + 1500(0.08)

= $1,620

For the Cash Sales would be

= 1,000 + 1000(0.08)

= $1,080

Therefore option D is correct.

5 0
3 years ago
Rank these jobs in the Law, Public Safety, and Security career cluster based on years of schooling required, from most to
tatuchka [14]

Answer:

The correct answer is the third option: Lawyer - Probation Officer - Firefighter

Explanation:

First of all, the lawyer is the one who requires more years of schooling due to the fact that in order to be it the person must go to college after graduating from high school. Secondly, the probation officer is formed during years as well. And finally the firefighter is the one who does not need so many years of schooling because the person can go and have the training to be it right after he finished high school.

3 0
3 years ago
A plant asset was purchased on January 1 for $140000 with an estimated salvage value of $20000 at the end of its useful life. Th
alukav5142 [94]

Answer:

useful life= 12 years

Explanation:

Giving the following information:

Purchase price= $140,000

Salvage value= $20,000

Annual depreciation= $10,000

<u>To calculate the useful life, we need to use the straight-line method formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

10,000= (140,00 - 20,000) / useful life

10,000useful life = 120,000

useful life= 120,000 / 10,000

useful life= 12 years

4 0
3 years ago
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