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Dahasolnce [82]
3 years ago
5

The journal entry used to record the payment of a discounted note is

Business
1 answer:
Archy [21]3 years ago
5 0

Answer:

<h3>Debit Cash and Interest Expense.</h3>

Explanation:

<h2>HOPE IT HELPS YOU!! </h2>
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Which of the following statements comparing debit cards to credit cards is true
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5 0
3 years ago
Total Pool Services earned $130,000 of service revenue during 2018. Of the $130,000 earned, the business received $105,000 in ca
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Answer:

Cash Basis and Accrual Basis

Explanation:

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8 0
3 years ago
The amount of uncollectible accounts at the end of the year is estimated to be $35,000, using the aging of accounts receivable m
vladimir2022 [97]

Answer:

$35,000

Explanation:

As the Allowance of Doubtful Accounts account  already has the balance of $12,000, and we need $35,000 at the end of the year. We know that Allowance of Doubtful Accounts account account has credit nature so it needed $23,000 ($35,000 - $12,000) to be adjusted at the end of the year to make the adjusted balance equals to $35,000. So, the adjusted account balance will be $35,000.

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Providing incentives for customers to learn more about your service is known as
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3 years ago
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