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Temka [501]
3 years ago
15

Presented below are various receivable transactions entered into by Beran Tool Company. Indicate whether the receivables are rep

orted as accounts receivable, notes receivable, or other receivables on the balance sheet.
a. Loaned a company officer $5,000.
b. Accepted a $3,000 promissory note from a customer as payment on account.
c. Determined that a $10,000 income tax refund is due from the IRS.
d. Sold goods to a customer on account for $4,000.
e. Recorded $500 accrued interest on a note receivable due next year.
f. Advanced $1,400 to a trusted employee.
Business
1 answer:
kotegsom [21]3 years ago
3 0

Other Receivables

Notes Receivable

Other Receivables

Account Receivable

Other Receivables

Other ReceivablesAnswer:

Explanation:

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Answer:

$96,000

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Production  26,000 units

<u>Materials Purchase Budget</u>

Production Materials Required  (5×26,000 units)     130,000

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Total Materials                                                             180,000

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Total Material Cost                                                      $96,000

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