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Rashid [163]
2 years ago
12

On January 1, 2022, Swifty Corporation had Accounts Receivable of $ 51,900 and Allowance for Doubtful Accounts of $ 3,400. Swift

y Corporation prepares financial statements annually. During the year, the following selected transactions occurred.
Jan. 5 Sold $ 4,200 of merchandise to Rian Company, terms n/30.
Feb. 2 Accepted a $ 4,200, 4-month, 9% promissory note from Rian Company for balance due.
12 Sold $ 12,600 of merchandise to Cato Company and accepted Cato’s $ 12,600, 2-month, 10% note.
26 Sold $ 5,500 of merchandise to Malcolm Co., terms n/10.
Apr. 5 Accepted a $ 5,500, 3-month, 8% note from Malcolm Co.
12 Collected Cato Company note in full.
June 2 Collected Rian Company note in full.
15 Sold $ 2,200 of merchandise to Gerri Inc. and accepted a $ 2,200, 6-month, 12% note.
Journalize the transactions.
Business
1 answer:
tatyana61 [14]2 years ago
6 0

Answer: nothing

Explanation:

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Orrick Company reported total assets of $4,200,000, total liabilities of $700,000, and total equity of $3,500,000 at the end of
rewona [7]

Answer:

The debt-to-equity ratio of the company is 0.2

Explanation:

The formula to compute the debt to equity ratio is as:

Debt to equity ratio = Debt / Equity

Where

Debt is total liabilities which amounts to $700,000

Equity is total equity which amounts to $3,500,000

Putting the values in the above formula:

= $700,000 / $3,500,000

= 0.2

Debt to equity ratio of the company is 0.2

8 0
3 years ago
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Sophie [7]

Answer:

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Explanation:

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Add them together is product/service management!

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7 0
2 years ago
Which of the following is a distance-based method for location alternatives evaluation?Factor rating methodDecision treeBreak-ev
Pachacha [2.7K]

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5 0
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Answer:

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Explanation:

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3 0
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The arrival of personal computer technology gave rise to client server networks that replaced traditional mainframe and minicomp
pishuonlain [190]

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