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
Fofino [41]
3 years ago
6

coolidge Company owes $1,000 for merchandise inventory purchased from Ross Company during April. The amount owed is now past-due

. On June 15, Coolidge meets with Ross and convinces Ross to accept $400 cash and a 30-day, 10 percent, $600 note payable to replace the account payable. Prepare the June 15 journal entry for Coolidge entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
erastova [34]3 years ago
5 0

Answer:

June 15

Dr Accounts payable $1,000

Cr Cash $400

Cr Notes Payable $600

Explanation:

Preparation of the June 15 journal entry for Coolidge

Based on the information given the June 15 journal entry for Coolidge will be :

June 15

Dr Accounts payable $1,000

Cr Cash $400

Cr Notes Payable $600

(Being to record amount payable )

You might be interested in
The Old World Café’s cash register receipts showed total sales of $884. The cash equaled $534, and the credit card slips equaled
Crazy boy [7]

Answer:the answer is $307

Explanation: some one didn't pay

8 0
3 years ago
Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera
dmitriy555 [2]

Answer:

The correct answer is (B)

Explanation:

Trust homie

7 0
3 years ago
Read 2 more answers
If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, a
Sophie [7]

Answer:

The statement is true

Explanation:

Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.

Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.

6 0
3 years ago
As a project manager, the project is your number one priority. However, you have team members with competing priorities from oth
kaheart [24]

As per the given scenario, the interpersonal skill that should be used is negotiating effectively.

<h3>Who is a project manager?</h3>

A project manager refers to the person who is in overall charge of the planning and execution of a particular project.

As a project manager, the project is on number one priority. The interpersonal skill that is mainly used in this scenario is negotiating effectively.

Learn more about project manager here:

brainly.com/question/15610382

#SPJ1

4 0
2 years ago
A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

7 0
3 years ago
Other questions:
  • The Internet raises the bargaining power of customers by: A. reating new opportunities for building loyal customer bases. B. mak
    8·1 answer
  • The traditional income statement for Pace Company shows sales $900,000, cost of goods sold $600,000, and operating expenses $200
    11·1 answer
  • The Department of Business and Professional Regulation (DBPR) is under which branch of government? A) Administerial B) Legislati
    7·1 answer
  • Which is the most accurate definition of bankruptcy?
    12·1 answer
  • An informal work group is:a. a collection of individuals who interact with each other such that oneperson’s actions have an impa
    12·1 answer
  • Which of the following is NOT one of the RESULTS of mass production? A) lower prices B)Product standardization C) increased trad
    6·1 answer
  • If a company that is in a 35 % tax bracket invests in assets that increase its depreciation expense by $ 562 per year, its chang
    12·1 answer
  • Gears Inc., an automobile manufacturing firm, has hired an external agency to handle its employee compensation function so that
    8·2 answers
  • Given the following information for the year ended December 31, what is the ratio of cash to monthly cash expenses? Negative cas
    12·1 answer
  • What type of income includes all taxes and deductions before they are taken out?<br>​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!