Reference no: EM132579164
Chocolate Corner Company had the following transactions during the current year:
Apr. 8. Received a $7,050, 75-day, 8% note from Lance Armstrong in payment of account.
May 24.Wrote off customer Joe Nutella's account against the Allowance for Uncollectible Accounts, $150
June 22. Received payment of Lance Armstrong's note in full.
Sept. 10.Gave a $5,600, 90-day, 9% note to Herbert Anson in payment of account.
Sept.18. Received payment of Joe Nutella's account, written off May 24.
Dec 9. Paid principal and interest due on note to Herbert Anson.
Please Note: a 360-day year is standard for many such interest computations - for this course interest is to the nearest month rather than precisely to the day. Round interest to the nearest dollar (no cents).
If needed record the above transactions in general journal form.
Question 1: The balance of Accounts Receivable at April 10th is:
a) $7,200
b) $7,050
c) $575
d) $150
e) None of the other alternatives are correct
|
What are projected revenues at full participation
: What are projected revenues at full participation (16 people) in each class with scenario 1 - 50% of participants being members and scenario 2
|
|
American pediatrics population
: What does this mean, how has it occurred, and what does it mean for the health of children?
|
|
Union leaflet urging employees
: Suppose a coworker just brought you a union leaflet urging employees to sign an authorization card.
|
|
Calculate the contribution margin per unit
: Calculate the contribution margin per unit, total fixed costs, the breakeven point in units, and total expected profit for all of the possible choices
|
|
What the balance of accounts receivable at april is
: What The balance of Accounts Receivable at April 10th is? Apr. 8. Received a $7,050, 75-day, 8% note from Lance Armstrong in payment of account.
|
|
The legal environment
: David Perkins left a successful career in the NFL after two head injuries. David's claim is that the woman were fired because the image of Wing Shack,
|
|
Carbohydrate fermentation results
: Carbohydrate fermentation results must be observed within 24 hours to generate accurate results.
|
|
Patty plaintiff really bad
: Patty Plaintiff is shopping at her favorite store, Cash Mart. She is looking for a new laptop, but she can't find one she likes.
|
|
What we called the risk involved in this case example
: The auditor checks the company's financial statements using sampling. What we called the risk involved in this case example? Explain your answer
|