User Account

All Pages

Prepare the entry on Plume Appliances books

Assignment Help Accounting Basics
Reference no: EM131828637

Question: On March 3, Plume Appliances sells $710,000 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold.

Instructions: Prepare the entry on Plume Appliances' books to record the sale of the receivables.

Reference no: EM131828637

Questions Cloud

Record adjustment to Allowance for Doubtful Accounts : On December 31, 2016, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Dallas Co. estimates that 9% of its accounts receivable balance.
What are the advantages of synchronous communication : What are the advantages and disadvantages of synchronous communication? How does a mainframe computer ask a terminal to send it data?
Create a management plan : Suggest the prototyping technique you would use for this system and support your rationale.
What is the basic block diagram of a synchronous frame : What are the advantages and disadvantages of asynchronous communication? What is the basic block diagram of a synchronous frame?
Prepare the entry on Plume Appliances books : On March 3, Plume Appliances sells $710,000 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount.
What additional bits are added to a character : In asynchronous connections, what additional bits are added to a character to prepare it for transfer?
Record the sale of merchandise : On May 10, Keene Company sold merchandise for $4,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank.
What are the advantages of thunderbolt : What are the advantages of Thunderbolt? When might one use SCSI to interconnect a peripheral? What is the difference between SCSI and iSCSI?
What are the four components of an interface : What are the four components of an interface? what to what? What are the advantages of USB over EIA-232F and the other types of interface standards?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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