The answer is B..........................................................
Given:
Payee: Vanderbilt Corporation
Notes Receivable from Stanford Company
<span>$12,000, 7%, 8-month
Debit Credit
October 1, 2016
Notes Receivable 12,000
Cash 12,000
*to record notes receivable from Stanford Company
December 31, 2016
Interest Receivable 560
Interest Income 560
12,000 * 7% * 8/12 = 560
*to recognize interest earned but not yet received
June 1, 2017
Cash 12,560
Notes Receivable 12,000
Interest Receivable 560
*to recognize full payment on note.</span>
Answer:
You have 12.25 minutes left to workout.
Step-by-step explanation:
Answer:
1. the two top drawings
2. B, C
Step-by-step explanation:
1. the two top drawings
2. B, C
