Gwynne supply co has the following transactions related to

Reference no: EM13570006

Gwynne Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. 1. Nov. 1 Loaned $51,000 cash to B. Akey on a 1-year, 7% note. 2. Dec. 11 Sold goods to R. P. Mayrl, Inc., receiving a $3,300, 90-day, 9% note. 3. Dec. 16 Received a $10,300, 6-month, 9% note to settle an open account from M. Colvin. 4. Dec. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Gwynne Supply Co.

Reference no: EM13570006

Questions Cloud

Beginning wip 75 for materials 45 for conversion : beginning wip 75 for materials 45 for conversion transferred-in completed ending wip 60 for materials 20 for conversion

Preston concrete is a major supplier of concrete to : preston concrete is a major supplier of concrete to residential and commercial builders in the pacific northwest. the

Control alt design acquired 30 of the outstanding common : control alt design acquired 30 of the outstanding common stock of walter company on january 1 2012 by paying 958000 for

Comparative statement data for lionel company and barrymore : comparative statement data for lionel company and barrymore company two competitors appear below. all balance sheet

Gwynne supply co has the following transactions related to : gwynne supply co. has the following transactions related to notes receivable during the last 2 months of the year. 1.

The ledger of montgomery company at the end of the current : the ledger of montgomery company at the end of the current year shows accounts receivable 78000 credit sales 996000 and

Berts meat market sells quarters and sides of beef on the : berts meat market sells quarters and sides of beef on the installment basis.losses on receivables are very difficult to

At the beginning of the current period engseth corp had : at the beginning of the current period engseth corp. had balances in accounts receivable of 233400 and in allowance for

What is the companys quick ratio possible answers 07 12 15 : what is the companys quick ratio? possible answers 0.7 1.2 1.5 2.5. assets cash is 4000 accounts receivable is-10150

User Account

All Pages