subject
Business, 05.05.2020 08:39 liyahlanderson2232

8. Wolfe Company issued a 60-day, 8% note for $15,000, dated April 5, to Lamb Company on account. (a) Determine the due date of the note. (b) Determine the maturity value of the note. (c) Journalize the entries to record the following: 1. receipt of the note by the payee, and 2. receipt by the payee of the amount due on the note at maturity. Round answers to the nearest $1.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:50
New team of management has taken over. as a result, organizational changes from a country-club style leadership where everyone does whatever they want has changed to a more mechanistic, structured, top-down management style. what ethical issues should the employees consider and how should they go about addressing these?
Answers: 2
question
Business, 21.06.2019 21:30
Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)
Answers: 2
question
Business, 22.06.2019 00:30
Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.
Answers: 3
question
Business, 22.06.2019 19:30
Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
Answers: 1
You know the right answer?
8. Wolfe Company issued a 60-day, 8% note for $15,000, dated April 5, to Lamb Company on account. (a...
Questions
question
English, 19.01.2021 05:40
question
Biology, 19.01.2021 05:40
question
English, 19.01.2021 05:40
question
Mathematics, 19.01.2021 05:40
question
Arts, 19.01.2021 05:40
Questions on the website: 13722362