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Kruka [31]
3 years ago
5

What is debit note received

Business
1 answer:
jeka943 years ago
7 0
Commercial document issued by a buyer to a seller as a means of formally requesting a credit <span>note</span>
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Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb
Ket [755]
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
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7 0
3 years ago
Cordell Inc. experienced the following events in 2018, its first year of operation:
olga_2 [115]

Answer:

Cordell Inc.

a. Events that result in revenue or expense recognition:

2. Performed services on account for $82,000.

5. Paid $53,000 cash for other operating expenses.

6. Performed services for $19,000 cash.

7. Recognized $3,500 of accrued utilities expense at the end of the year.

b. The amount of net income reported on the 2018 income statement:

$44,500

c. The events that affect the statement of cash flows:

1. Received $40,000 cash from the issue of common stock.

3. Paid a $6,000 cash dividend to the stockholders.

4. Collected $76,000 of the accounts receivable.

5. Paid $53,000 cash for other operating expenses.

6. Performed services for $19,000 cash.

d. The amount of cash flow from operating activities reported on the 2018 statement of cash flows:

$42,000

Explanation:

Data and Calculations:

a) Revenue

Event 2.  $82,000

Event 5.   (53,000)

Event 6.     19,000

Event 7.     (3,500)

b) Net Income $44,500

c) Cash flow from operating activities:

Event 4. Collection from Accounts Receivable $76,000

Event 5. Payment for operating expenses      ($53,000)

Event 6. Cash Receipts for services                  $19,000

d) Net Cash from operating activities               $42,000

6 0
3 years ago
The ​short-run effect of consumers becoming more pessimistic will be for the
Bogdan [553]

Answer:

The correct answer is option A.

Explanation:

In case the consumers have a pessimistic tendency towards the future, they would expect the economy to face a downturn. They will, as a result, save their income and wealth for the future.  

This would cause a decline in consumer spending and the aggregate demand curve will move down to the left.  

An increase in consumer confidence, on the other hand, would cause consumer spending and aggregate demand to increase.

7 0
3 years ago
Ruth is a mother of two, loves to travel, is a member of a book club, enjoys jogging, likes to wear the latest fashions, and is
Margaret [11]

Answer:

(A) A component lifestyle.

Explanation:

Component lifestyle:-It is choosing goods and services that fulfills one's various needs and interests rather than following a single, traditional stereotype.

So according to the question Ruth is a person having various interests and also a police officer by profession.So she has very diverse needs and interest and they affects her choice of goods and services because she wants goods and services that meet's her diverse needs.So her lifestyle is component.

5 0
3 years ago
Ball transforms raw materials, human resources, parts, supplies, tools, and other resources into containers using processes of f
Jlenok [28]
This process is known as operations management. Operations management serves to foster the highest possible level of efficiency within an organization. It is an important practice of business management. The way operations management is carried out in any organization is varied and it depends on the types of goods and services that are offered. 
7 0
3 years ago
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