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gtnhenbr [62]
3 years ago
14

I need the formula which is at the bottom

Business
1 answer:
lina2011 [118]3 years ago
8 0

my pfp go hard !!! feel free to screenshot

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On June 30, 2021, the Esquire Company sold some merchandise to a customer for $30,000. In payment, Esquire agreed to accept a 6%
Lynna [10]

Answer:

1.  Journal entries to record the sale of merchandise:

Debit Accounts Receivable $30,000

Credit Sales revenue $30,000

Journal entries to record the interest accrual at December 31, 2021:

Debit Interest receivable $900

Credit Interest revenue $900

At March 31, 2022, journal entries to record the collection:

Debit Cash $31,350

Credit Accounts Receivable $30,000

Credit Interest receivable $900

Credit Interest revenue $450

Explanation:

1.  Journal entries to record the sale of merchandise:

Debit Accounts Receivable $30,000

Credit Sales revenue $30,000

Esquire agreed to accept a 6% note requiring the payment of interest and principal on March 31, 2022.

The amount of the interest per year = 6% x $30,000 = $1,800

The amount of the interest per month = $1,800/12 = $150

At December 31, 2021, the interest accrual = $150 x 6 = $900

Journal entries to record the interest accrual:

Debit Interest receivable $900

Credit Interest revenue $900

At March 31, 2022, journal entries to record the collection:

Debit Cash $31,350

Credit Accounts Receivable $30,000

Credit Interest receivable $900

Credit Interest revenue $450

6 0
4 years ago
The three general types of media schedules are
Nadusha1986 [10]
My answer -

Three general types of media schedule :
1. Continuous schedule – advertising runs at a constant level with little variation throughout the campaign period
2. Flighting schedule – advertisements run for set periods of time, alternating with periods in which no ads run
3. Pulsing schedule – combines continuous and flighting schedules: during the entire campaign, a certain portion of advertising runs continuously, and during specific time periods of the campaign, additional advertising is used to intensify the level of communication with the target
<span>audience

And if you need anything else on brainly let me know :)
</span>

3 0
3 years ago
The hard sell or aggressive persuasion designed to separate consumers from their cash emerged during the _____ answer a: industr
sergeinik [125]
Production era
Hopes this helps
7 0
3 years ago
Sheridan Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the trans
Andre45 [30]

Answer: Explanation:

We debit the contributed assets and credit the capital account

cash          11,290 debit

equipment 2,740 debit

    capital account           14,030 credit ( 11290 + 2740)

we debit the asset and recognize the payable amount

supplies       450 debit

   account payable       450 credit

we debit the assets and credit the revenue

cash                       1,303 debit

account receivable 689 debit

             service revenue     1,992 credit (1303 + 689)

we debit the expense and credit the asset we use to pay it

rent expense      634 debit

       cash                           634 credit

we debit the expense and credit the consumed asset

supplies expense     187 debit (450 purchase - 263 at hand)

               supplies            187 credit

8 0
3 years ago
List three things you can do to improve job satisfaction
andrew-mc [135]

1. Respectful treatment of all employees at all levels

2. Trust between employees and senior management

3. Job security

Hope that helps :)

7 0
4 years ago
Read 2 more answers
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