subject
Business, 12.11.2019 23:31 juliajaelyn9658

The following data relate to notes receivable and interest for cgh cable co., a cable manufacturer and supplier. (all notes are dated as of the day they are received.)

apr. 10. received a $144,000, 5%, 60-day note on account.
may 15. received a $270,000, 7%, 120-day note on account.
june 9. received $145,200 on note of april 10.
aug. 22. received a $150,000, 4%, 45-day note on account.
sept. 12. received $276,300 on note of may 15.
30. received a $210,000, 8%, 60-day note on account.
oct. 6. received $150,750 on note of august 22.
18. received a 120,000, 5%, 60-day note on account.
nov. 29. received $212,800 on note of september 30.
dec. 17. received $121,000 on note of october 18.
journalize the entries to record the transactions. refer to the chart of accounts for exact wording of account titles.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 23:20
Warby parker, a manufacturer of fashionable prescription eyewear, notes on its website, "warby parker was founded with a rebellious spirit and a loft objective: to offer designer eyewear at a revolutionary price, while leading the way for socially-conscious business." this excerpt from the company's website states warby parker's
Answers: 1
question
Business, 22.06.2019 23:30
Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?
Answers: 1
question
Business, 23.06.2019 18:30
Karla tanner opens a web consulting business called linkworks and completes the following transactions in its first month of operations. april 1 tanner invested $105,000 cash along with office equipment valued at $25,200 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $12,600 in office equipment and $2,520 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $8,400 project for a client, who must pay within 30 days. 13 the company paid $15,120 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $6,720 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $840 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. required: 1.prepare general journal entries to record these transactions using the following titles: cash (101); accounts receivable (106); office supplies (124); prepaid insurance (128); prepaid rent (131); office equipment (163); accounts payable (201); common stock (307); dividends (319); services revenue (403); and utilities expense (690). 2. post the journal entries from part 1 to the ledger accounts. 3. prepare a trial balance as of april 30. need a jounalentry worksheet part1 part2 - post the journal entries from part 1 to the ledger accounts part3 - prepare a trial balance as ofaprol30
Answers: 1
question
Business, 23.06.2019 22:00
On one production line in a small custom chip factory, marginal costs decrease rapidly as more chips are made. the marginal cost of making xx thousand chips in a day is thought to be
Answers: 2
You know the right answer?
The following data relate to notes receivable and interest for cgh cable co., a cable manufacturer a...
Questions
question
Mathematics, 01.05.2021 05:50