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
Ksju [112]
3 years ago
10

Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill Co. signs a $455000, 6%, 9-month note. The entry

made by Sandhill Co. on January 1 to record the proceeds and issuance of the note is:_________
Business
1 answer:
FromTheMoon [43]3 years ago
8 0

Answer:

See below

Explanation:

The journal entry for the issuance of the note proceed is shown below;

Cash A/c Dr $455,000

----------- To Notes payable A/c Cr $455,000

(Being the issuance as well as proceeds of the note that is recorded)

Cash account is debited because it is increasing and any increase in asset is debited. Also, the note will become payable which leads to increase in liability and an increase in liability is credited hence why note payable is credited.

• Note that other things like interest rate, duration are not considered because we were asked to pass the journal entry for the issues of notes not for any interest expense, reason why it was ignored.

You might be interested in
The Grow Your Garden seed company recently conducted a situation analysis. It decided on its marketing goals too. What is its ne
zhannawk [14.2K]

Answer:

To plan effective strategies and specific tactics to accomplish the strategic objectives

Explanation:

Since the company has conducted situational analysis and chosen its marketing goals the next logical step is to plan effective strategies and specific tactics to accomplish the strategic objectives. Both situational analysis and marketing goals are needed in order to understand who to target and what to aim for. Once a company has this, they need to plan a course of action in order to accomplish those goals as effectively as possible.

3 0
3 years ago
In the context of the six sections of the Position Analysis Questionnaire (PAQ), _____ represent the reasoning, decision-making,
emmainna [20.7K]

Answer: B. mental processes

Explanation: In the context of the six sections of the Position Analysis Questionnaire (PAQ), _____ represent the reasoning, decision-making, planning, and information-processing activities involved in performing a job.

A. job contexts

B. mental processes

C. special codes

D. information inputs

The Position Analysis Questionnaire (PAQ) is relatively complex, and requires that an employee must have the reading level of a college graduate to be able to complete it and evaluates job skill level and basic characteristics of applicants for a set match of employment opportunity. It measures the characteristics of a job and relates them to human characteristics, such as information input, mental processes, work output, relationships with others, job context, and so on.

Mental processes in the context of the six sections of the Position Analysis Questionnaire (PAQ) represents the reasoning, decision-making, planning, and information-processing activities involved in performing a job.

7 0
2 years ago
Indicate the effect of each of the following transactions on total assets, total liabilities, and total stockholdersâ equity. Se
Scorpion4ik [409]

Answer:

Transaction                       Assets            Liabilities        Stockholders' Equity

Issue common stock           Increase               NE                      Increase

Issue preferred stock         Increase               NE                      Increase  Purchase treasury stock     Decrease             NE                       Decrease

Sale of treasury stock         Increase              NE                        Increase  Declare cash dividend            NE                   Increase                   NE

Pay cash dividend               Decrease            Decrease NE

100% stock dividend              NE                        NE                      NE

2-for-1 stock split                    NE                       NE                         NE

When shares are sold or issued, they increase the stockholders equity as people buy these shares. They also increase assets because cash comes into the company when the shares are sold. This is why the Issuing of preference and common stock as well as the sale of Treasury shares had the same effects.

When cash dividends are declared, they become a liability that is owed to equity holders.

When these dividends are then paid, they remove the liability but reduce assets as cash is used to pay the dividends.

100% stock dividend reduces retained earnings but increases equity so stockholders equity does not change.

8 0
2 years ago
Luis follows a lot of news sources in his industry. He subscribes to several blogs written by industry experts, and updates are
bekas [8.4K]

Answer:

Group of choices:

a. Media sharing

b. Blog

c. Content aggregator

d. Mass media

The correct answer is c. Content aggregator .

Explanation:

Feedly is considered to be a content aggregator site because all of its information is derived from external sources. In a broader sense, content aggregators are tools that allow information to be collected in order to locate it in a specific place. One of the advantages is that it allows having the information in the same place, which saves time for those who are interested in the same or similar topics.

3 0
3 years ago
Brazil has a population of about 210​ million, with about 150 million over the age of 15. Of​ these, an estimated 25​ percent, o
kvasek [131]

Answer:

B. Since the development of human capital is an important determinant of economic​ growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.

Explanation:

According to the New Growth Theory, it is both human desire and capital the factors that drive economic growth the most.

A literate population that does not read a lot means a lower level of human capital for Brazil, which in turn means that Brazil has a lower potential for economic growth. In order to increase economic growth, the Brazilian government should promote readership among its population.

3 0
2 years ago
Other questions:
  • According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to
    8·1 answer
  • Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $ 39 comma
    11·1 answer
  • Money is always based on a precious metal like gold or silver. anything that is generally accepted in payment for goods and serv
    12·1 answer
  • Ali is working with a company that makes custom-designed shoes for its customers. The customers have accepted the product concep
    5·1 answer
  • During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on
    5·1 answer
  • At a​ delicatessen, one employee greets patrons and takes their orders. Another employee assembles the sandwiches. A third emplo
    13·1 answer
  • Seeking positions of power and responsibility, chandra has rapidly moved up the ranks within her organization. colleagues descri
    14·1 answer
  • At the beginning of May, Golden Gopher Company reports a balance in Supplies of $390. On May 15, Golden Gopher purchases an addi
    13·1 answer
  • What cycle time would match capacity and demand if demand is 161 units a day, there are 2 shift(s) of 446 minutes each, and work
    9·1 answer
  • Assume the current U.S. dollar-yen spot rate is 125¥/$. Further, the current nominal 180-day rate of return in Japan is 3% and 4
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!