User Account

All Pages

What amount was received from note receivable discounting

Assignment Help Accounting Basics
Reference no: EM132691022

Tender Company accepted from a customer a P4,000,000, 90-day, 12% note dated August 31,2019. On September 30, 2019, the entity discounted without recourse the note at 15%. However, the proceeds were not received until October 1, 2019.

Problem 1: What amount was received from the note receivable discounting?

Reference no: EM132691022

Questions Cloud

Why you feel given is an appropriate decision for enterprise : Many enterprise organizations believe that cloud computing is essential to their business operations. There are some; however, that argue it is not cost.
Covered interest arbitrage : Covered Interest Arbitrage. Ft,90 = 1.18 in EURUSD iEUR = 1.50% iUSD = 0.5% T = 90 days
What amount should be reported as loss on note receivable : What amount should be reported as loss on note receivable discounting? Tender Company accepted from a customer a P4,000,000, 90-day
Describe the zero-coupon bond : -Describe the "zero-coupon bond." Indicate how it is issued, valued in the market, and which investor should consider a zero-coupon bond.
What amount was received from note receivable discounting : What amount was received from the note receivable discounting? Tender Company accepted from a customer a P4,000,000, 90-day, 12% note dated August 31,2019
How much is the amount of inventory for oust the turtle corp : How much is the amount of inventory? Items included in the account specifically segregated per sale contract 100,000. Items counted in the bodega 4,000,000
How much is the loss from inventory decline : Oust the Turtle Company records inventory using the perpetual inventory system. How much is the loss from inventory decline in 2022?
Interpreting inflationary expectations : If investors in the United States and Mexico require the same real interest rate, and the nominal rate of interest is 3 percent higher in Mexico
Challenges specific to the market of financial services : What are the 3 challenges specific to the market of financial services

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute sales taxes payable

Bluestem Supply does not does not segregate sales and sales taxes at the time of sale. Compute sales taxes payable

  Analyze support for the action plan proposed

analyze support for the action plan proposed, and make at least two (2) recommendations that would improve support of the action plan

  Apply the theory of constraints to your own working

Apply the Theory of Constraints to your own working environment (past or present). Explain why your organization doesn't have unlimited resources (space, inventory, product line, etc)

  Budgeted credit sales

Company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5 % in the second month after the sale; the remainder is never collected. Budgeted credit sales were:

  Estimating uncollectible accounts and reporting accounts

estimating uncollectible accounts and reporting accounts receivable lafond company analyzes its accounts receivable at

  Prepare the adjusting entry to record income tax expense

Please prepare the adjusting entry to record income tax expense, income tax payable, and deferred income taxes

  What would you credit to paid in capital

In doing the entry what would you credit to Paid in Capital in Excess of Par - Common Stock

  Compute the weighted average number of shares

On January 1, 2013, Warren Corporation had 1,000,000 shares of common stock outstanding. Compute the weighted average number of shares

  What expense should nash company record

What expense should Nash Company record as a result of the facts above for the year ended December 31, 2017

  Various consequences of tax

What would be the various consequences of this tax on both consumption as well as production?

  Perform a search online and locate a company

Perform a search online and locate a company that has multiple product lines and/or service lines

  Ace company purchased office equipment for 22000 terms 210

1. natchez industries inc. acquired land buildings and equipment from a bankrupt company vivace co. for a lump-sum

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