Kelly jones and tami crawford borrowed $11,143 on a 7-month, 7% note from gem state bank to open their business, jc’s coffee house. the money was borrowed on june 1, 2017, and the note matures january 1, 2018. collapse question part (a) prepare the entry to record the receipt of the funds from the loan. (b) prepare the entry to accure the interest on june 30. (c) prepare the entry required on jan 1, 2018, when the loan is paid back.

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are: