subject
Business, 15.11.2019 23:31 itzygutierrez2763

Mar. 29 received a $50,400, 60-day, 9% note dated march 29 from karie platt on account.
apr. 30 received a $39,000, 60-day, 8% note dated april 30 from jon kelly on account.
may 28 the note dated march 29 from karie platt is dishonored, and the customer’s account is charged for the note, including interest.
june 29 the note dated april 30 from jon kelly is dishonored, and the customer’s account is charged for the note, including interest.
aug. 26 cash is received for the amount due on the dishonored note dated march 29 plus interest for 90 days at 8% on the total amount debited to karie platt on may 28.
oct. 22 wrote off against the allowance account the amount charged to jon kelly on june 29 for the dishonored note dated april 30.
journalize the above transactions in the accounts of missouri gaming co., which operates a riverboat casino. refer to the chart of accounts for exact wording of account titles. assume a 360-day year.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 17:30
If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots
Answers: 1
question
Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
question
Business, 22.06.2019 21:30
Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure
Answers: 1
question
Business, 23.06.2019 01:00
Motonous corporation has completed its fiscal year and reported the following information. the company had current assets of $153,413, net fixed assets of $ 412,331, and other assets of $7,822. the firm also has current liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. how much retained earnings does the firm have?
Answers: 2
You know the right answer?
Mar. 29 received a $50,400, 60-day, 9% note dated march 29 from karie platt on account.
apr. 3...
Questions