Determine the adjusting entry

Assignment Help Accounting Basics

Reference no: EM13132979

On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $36,000 to Reyes Products, Inc for merchandise inventory. Determine the adjusting entry for Seba on December 31 assuming the note carries an interest rate of 8%.

Reference no: EM13132979

Questions Cloud

Wreath process for both old-new manufacturing process : Compute the value added, nonvalue added, and the total lead time of the wreath process for both the old and the new manufacturing process.

What volume of o2 is required : C4H10(g) + O2(g) CO2(g) + H2O(g) Consider the above unbalanced equation. What volume of O2 at 555 mm Hg and 56.0°C is required to produce 285 mL of CO2 at 780. mm Hg and 131°C?

Probability that temperature of the oven will range a value : What is the probability that the oven will cause a core to be defective? What is the probability that the temperature of the oven will range from 460 degree F to 470 degrees F?

What is the molarity of kmno4 : If you titrate 1.0 g of H2O2 solution (30wt%) with KMnO4, 25.05 ml of this KMnO4 solution is used. What is the molarity of KMnO4?

Determine the adjusting entry : On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $36,000 to Reyes Products, Inc for merchandise inventory. Determine the adjusting entry for Seba on December 31 assuming the note carries an interest rate of 8%.

Create a graph to display the distribution of doctors : Make a graph to display the distribution of doctors per 100,000 people.Write a brief description of the distribution.Are there any outliers?If so, can you explain them.

What is the phase composition and temperature : Consider an insulated system containing 150 g of liquid water and 150 g of ice at equilibrium under atmospheric pressure. A total of 22 g of steam at 120±C is admitted to the system.

Life-changing event in your life : Briefly write me an essay about an important or life-changing event in your life or about how you live any of your core values.

Labor hours to activity-based costing : R-Ball is considering switching from one overhead rate based on labor hours to activity-based costing. Total overhead costs assigned to deluxe racquets, using a single overhead rate, are

User Account

All Pages