On decemeber 1 2014 parsons sales sold machinery to a

Assignment Help Accounting Basics
Reference no: EM13598651

On Decemeber 1, 2014, Parsons Sales sold machinery to a customer for 2,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 12% interest. What was the total amount of cah collected by Parsons when the note matured?

Reference no: EM13598651

Questions Cloud

Revenue total 10200 expense total 7300 withdrawls total : revenue total 10200. expense total 7300. withdrawls total 2600. what is the balance on the income summary account prior
Prior to recording adjusting entries the office supplies : prior to recording adjusting entries the office supplies account had a 359 debit balance. a physical count of the
What explains the difference in the net operating income : juan valdez coffee company makes 100 premium colombian coffee. the coffee sells for 12 per pound. during its first year
On june 30 of the current calendar year apricot co paid : on june 30 of the current calendar year apricot co. paid 7500 cash for management services to be performed over a
On decemeber 1 2014 parsons sales sold machinery to a : on decemeber 1 2014 parsons sales sold machinery to a customer for 2000. the customer could not pay at the time of
Goltra clinic is considering investing in new heart : goltra clinic is considering investing in new heart monitoring equipment. it has two options option a would have an
Carolwood company manufactures widgets and uses process : carolwood company manufactures widgets and uses process costing. the status of their beginning and ending inventory is
The ambrosia corporations lead accountant shows the : the ambrosia corporations lead accountant shows the following info on jan 1 2012 ambrosia purchased a bottling machine
The management of matza corporation is considering the : the management of matza corporation is considering the purchase of a machine that would cost 370000 would last for 9

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the amount of cost of goods manufactured

Wayne applies manufacturing overhead cost to jobs based on direct labor-hours, and the predetermined rate is $5.75 per direct labor-hour.

  What is prestiges net income for the yearwhat is prestiges

the following information is available from the records of prestige landscape design inc. at the end of the

  Employee annual earnings subject to the tax

For which of the following taxes is there no ceiling on theamount of employee annual earnings subject to the tax?

  Question-ann taylor retail

Ann Taylor Retail, Inc., sells professional women'sapparel through company-owned retail stores. Recent financialinformation for Ann Taylor is provided below (all number inthousands):

  Given the importance of proper system development what role

given the importance of proper system development what role should an accountant take in a development

  What is the relationship between the variable overhead

what is the relationship between the variable overhead efficiency variance and the labor efficiency variance which

  Explain contract using percentage-of-completion method

Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million

  What types of industries have unearned revenue why is

what types of industries have unearned revenue?why is unearned revenue considered a liability?when is the unearned

  The acme company is undergoing a reorganization to improve

the acme company is undergoing a reorganization to improve its financial structure. as part of this process the company

  Detailed description of journal entry

The Mars Corporation issued 2,000 shares of its $10 par value common stock for $70,000. The Mars Corporation also incurred $1,500 of costs associated with issuing the stock.

  Explain a possible reason behind the conventioneers

Explain a possible reason behind the conventioneers' unhappiness.

  Hazel company has just purchased equipment that requires

hazel company has just purchased equipment that requires annual payments of 20000 to be paid at the end of each of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd