Answer:
50 dollors
Step-by-step explanation:
Answer:
Step-by-step explanation:
1 is in the hundredths
Answer:
Since on July 9, Mifflin Company receives a $ 10,200, 90-day, 6% note from customer Payton Summers as payment on account, to determine what entry should be made on July 9 to record receipt of the note the following calculation must be performed :
90 days = 3 months
6/12 x 3 = 1.5%
10,200 x 1,015 = 10,353
Therefore, a debt cancellation for $ 10,200 must be made in the company's accounting records, plus an interest generation for $ 153, which will be justified by the cash income of $ 10,353.
Would it be 3.4, 4.3, 5.2, 6.1, 7
