Gwynne Supply Co. has the following transactions related to notes receivable during the last 2 months of the year.

Nov. 1 Loaned $60,000 cash to B. Akey on a 1-year, 7% note.

Dec. 11 Sold good to R. P. Maryrl, Inc., receiving a $3,600, 90-day, 8% note.

Dec. 16 Received a $12,00, 6-month, 9% note to settle an open account from M. Colvin.

Dec. 31 Accured interest revenue on all notes receivables.

Journalize the transactions for Gwynne Supply Co. (Omit cost of goods sold entries)

Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done

What two things do you consider when evaluating the time value of money

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?