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
Nikitich [7]
3 years ago
14

Jasper makes a $81,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice

Debit Notes Receivable for $81,000; credit Cash $81,000. Debit Accounts Receivable $81,000; credit Notes Receivable $81,000. Debit Cash $81,000; credit Notes Receivable for $81,000. Debit Notes Payable $81,000; credit Accounts Payable $81,000.
Business
1 answer:
Serhud [2]3 years ago
4 0

Answer: Debit Notes Receivable for $81,000; credit Cash $81,000

Explanation:

Note receivables are used to record promissory notes that is, when a party agrees to pay cash to another party before a particular date.

Since Jasper makes a $81,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction would be to Debit Notes Receivable for $81,000 and credit Cash $81,000.

You might be interested in
Factors that must be considered before starting up a business ?
miv72 [106K]

Answer:

factors that must be considered before starting business are:

Explanation:

1)capital

2)raw materials

3) enough knowledge about things

4)market

5)skilled manpower

4 0
3 years ago
Read 2 more answers
A tax that remains constant for any given income level is called:
Sophie [7]

Proportional tax is what we call the tax that is set to be fixed, regardless of what an individual’s taxable base amount is. An example of such a tax is sales tax, which remains the same for all income levels.

5 0
3 years ago
This picture of gas stations BEST illustrates which aspect of a market economy?
makvit [3.9K]

Answer:

I guess c or d not sure about it.

3 0
3 years ago
Read 2 more answers
Mia, an administrative assistant in the business division of a university, is assigned the responsibility of serving the needs o
Anika [276]

Answer: The professors have failed to engage Mia.

Explanation: Since Mia is an administrative officer, assigned with the role of serving the needs of the division's professor, her having plenty of ’free time’ simply tells the professors do not engage her well enough in her primary duty as an administrative officer to keep her busy.

4 0
3 years ago
A shortage will develop when _____. the market price is below the equilibrium price the quantity supplied of a good is greater t
dusya [7]
A shortage will develop when the market price is below the equilibrium price. 

In economics, the equilibrium price is when the quantity of goods supplied are equal to the quantity of goods demanded. There's a shortage when the price is below because there is not enough goods to supply what is demanded of the product. 
6 0
3 years ago
Read 2 more answers
Other questions:
  • Lee and gayle have agreed during a telephone conversation that gayle can leave her furniture with lee while gayle is looking for
    8·2 answers
  • Today, you have two coins each of which is valued at $100. One coin is expected to appreciate by 5.2 percent annually while the
    7·1 answer
  • At the economy's natural rate of unemployment, t(A) the economy is fully employed.(B) there is only a relatively small amount of
    9·1 answer
  • A client is unconscious and experiencing increasing intracranial pressure. What type of diuretic will the client most likely be
    13·1 answer
  • Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
    13·1 answer
  • Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslo
    15·1 answer
  • How physical asset valuation (PAV) and research and
    6·1 answer
  • Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur
    12·1 answer
  • Following is the income statement for Nordstrom Company. Assume that the combined federal and state statutory tax rate is 37%. (
    8·1 answer
  • After a loan is sold in the secondary market, the originating lender may be required to repurchase the loan due to
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!