subject
Business, 17.02.2020 23:26 jaydahh4059

During 2018, LeBron Corporation accepts the following notes receivable.

(a) On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $6,300.
(b) On June 1, LeBron lends cash to one of the company’s executives by accepting a six-month, 10% note for $10,300.
(c) On November 1, LeBron accepts payment for prior services by having a customer with a past due account receivable sign a three-month, 8% note for $5,300.

Record the acceptance of each of the notes receivable.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.
Answers: 1
question
Business, 22.06.2019 01:00
Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?
Answers: 2
question
Business, 22.06.2019 04:00
Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?
Answers: 3
question
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
You know the right answer?
During 2018, LeBron Corporation accepts the following notes receivable.

(a) On April 1,...
Questions
question
English, 30.01.2021 02:30
question
Physics, 30.01.2021 02:30
question
Social Studies, 30.01.2021 02:30
question
Mathematics, 30.01.2021 02:40
question
Mathematics, 30.01.2021 02:40
question
Mathematics, 30.01.2021 02:40
Questions on the website: 13722361