On March 14, Zest Co. accepted a 120-day, 6% note in the amount of $5,000 from AZC Co., a customer. On the due date of the note, AZC dishonors the note and fails to pay. The journal entry that Zest would make to record the failure to pay this note on the due date would include a debit to: Multiple choice question. Notes Receivable for $5,100 Notes Receivable for $5,000 Cash for $5,000 Accounts Receivable - AZC for $5,000 Accounts Receivable - AZC for $5,100 Cash for $5,100

Accounts Receivable -AZC for $5100

Explanation:

Based on the information given The journal entry that Zest would make in order to record the failure to pay this note on the due date would include a debit to:

Accounts Receivable -AZC for $5100

Calculated as :

Accounts Receivable=$5000+[ $5000 x .06 x (120/360) ]

Accounts Receivable=$5000+ $100

Accounts Receivable=$5100

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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