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Dmitry_Shevchenko [17]
3 years ago
7

Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8

,200. Music World's journal entry to record the sales transaction is:
A. Debit Notes Receivable $8,405; debit Interest Receivable $205; credit Sales $8,200
B. Debit Notes Receivable $8,405; credit Sales $8,405
C. Debit Accounts Receivable $8,405; credit Sales $8,405
D. Debit Accounts Receivable $8,200; credit Sales $8,200
E. Debit Notes Receivable $8,200; credit Sales $8,200
Business
1 answer:
Brilliant_brown [7]3 years ago
6 0

Answer:

E. Debit Notes Receivable $8,200; credit Sales $8,200

Explanation:

According to the problem, computation of the given data are as follows,

Sales on credit = $8,200

Notes receivable = $8,200

So, journal entries of the sales transaction are as follows,

Notes receivables A/c Dr.       $8,200

      To, Sales A/c.                   $ 8,200

(Being sales of equipment is recorded)

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The asymmetric information problem in the market for healthcare services is​ _______.
Vinil7 [7]

Answer:

B

Explanation:

Asymmetric information is an instance of market failure.

It is when one party to a transaction possesses greater information or knowledge than the other party. e.g. when a seller possesses greater information than the buyer or when a buyer possesses greater information than the seller.

Individuals know when they have a more healthy lifestyle while their insurers might not be privy to such information due to privacy laws

8 0
3 years ago
Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied
Rom4ik [11]

Answer:

C. $2,018.00.

Explanation:

The computation of the lower cost or market value is shown below:

For Jelly

= 150 units × $2 per unit

= $300

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And, for Marmalade

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So, the total inventory is

= $300 + $925 + $793

= $2,018

It is come by multiplying the quantity of each one by its lower cost or market value per unit

6 0
3 years ago
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Ierofanga [76]
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5 0
3 years ago
Read 2 more answers
Actors and actresses wear costumes to give people the impression that they are someone else. This makes their performances seem
Lorico [155]

Answer:

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6 0
2 years ago
What factor counts the least in calculating a person's credit score?
aleksandrvk [35]

Rent and utility payments: In most cases, your rent payments and your utility payments are not reported to the credit bureaus, so they do not count toward your score.

4 0
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