Valley Spa purchased $9.400 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% promissory note for $9.400. If the note is dishonored.
but Tubman intends to continue collection efforts, what is the journal entry to
record the dishonored note? (Use 360 days a year.)

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.