1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leona [35]
2 years ago
8

Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transactio

n by debiting
A. Notes Receivable and crediting Accounts Receivable.

B. Notes Payable and crediting Accounts Payable.

C. Accounts Receivable and crediting Notes Receivable.

D. Accounts Payable and crediting Notes Payable.
Business
2 answers:
victus00 [196]2 years ago
6 0
Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.

Hope this helps!!</span>
Olegator [25]2 years ago
6 0

C. Accounts Receivable and crediting Notes Receivable.

You might be interested in
A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warra
Ostrovityanka [42]

Answer:

Report a prior period adjustment decreasing retained earnings by $1,040,000

Explanation:

Report a prior period adjustment decreasing retained earnings by $1,040,000

Dr Retained earnings $1,040,000

Dr Deferred tax liability $560,000

(35%×$1,600,000)

Cr Estimated warranty liability $1,600,000

Therefore As a result of this change, the firm would Report a prior period adjustment decreasing retained earnings by $1,040,000

6 0
2 years ago
John works for Heinlein Hillclimbers in Wyoming, where he earns $26,500 annually. He contributes $150 per month to his 401(k), o
otez555 [7]

Answer: $40,710

Explanation:

John's annual compensation includes his actual annual salary as well as the various payments that Heinlein Hillclimbers makes on his behalf.

His total annual compensation is:

= Annual salary + Employer's 401 contribution + Health insurance + Life insurance + AD&D + Profit sharing bonus + Tuition reimbursement + employer only taxes and insurance

= 26,500 + (150 /2 * 12 months) + (150 * 12 months) + (30 * 12 months ) + (50 * 12 months ) + (2% * 26,500) + 5,250 + (18% * 26,500)

= 26,500 + 900 + 1,800 + 360 + 600 + 530 + 5,250 + 4,770

= $40,710

4 0
2 years ago
Use commercial bank and Federal Reserve Bank balance sheets to demonstrate the immediate effect of each of the following transac
Leona [35]

Answer: A

Explanation: That’s it

6 0
2 years ago
What are negative effects of importing goods
kotykmax [81]
There are several negative effects..It is usually more  expensive, it will also reduce GDP .ect
5 0
3 years ago
Read 2 more answers
A manager is hired by a start-up for her demonstrated ability to think strategically and make broad-based decisions that serve t
STatiana [176]

Answer:

Conceptual Skills

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • A stock price is currently $40. Over each of the next two three-month periods it is expected to go up by 10% or down by 10% (mea
    10·1 answer
  • 1. Discuss the three components of strategy as they relate to Theo Chocolate's new strategy. – distinctive competence, scope, an
    9·1 answer
  • It’s been a year since Roland started a small retail business. His only supplier went bankrupt after a few months. Roland’s busi
    5·2 answers
  • Two U.S. companies are competing to take over a large factory in the Czech Republic. One dele-gation tours the facility and asks
    12·1 answer
  • The KEYS to professional excellence in interpersonal communication include all of the following EXCEPT
    10·1 answer
  • Solve the Systems of Equations by 'substitution or eliminat
    15·1 answer
  • At the end of the current period, Maltese, Inc. reports the following amounts: Assets = $52,300; Liabilities = $21,100; Dividend
    9·1 answer
  • On October 31, Year 1, A company general ledger shows a checking account balance of $8,415. The company’s cash receipts for the
    12·1 answer
  • The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are Standard Costs
    12·1 answer
  • A project with a cash inflow of $185 followed by a cash outflow of (-$250) one year later will have an irr of ___ percent.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!