Business, 06.11.2019 05:31 nicpinela1234

Vandiver company had the following select transactions:

1. april 1, 2017 accepted goodwin company's 12-month, 10% note in settlement of a $30,400 account receivable
2.july 1, 2017 loaned $32,400 cash to thomas slocombe on a 9-month, 8% note.
3. dec. 31, 2017 accrued interest on all notes receivable.
4.apr. 1, 2018 received principal plus interest on the goodwin note.
5. apr. 1, 2018 thomas slocombe dishonored its note; vandiver expects it will eventually collect

required:
prepare journal entries to record the transactions. vandiver prepares adjusting entries once a year on december 31

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:40, kanajahbunn

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e. g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

Answers: 1

continue

Business, 22.06.2019 17:00, HourlongNine342

Serious question, which is preferred in a business? pp or poopoo?

Answers: 1

continue

Business, 22.06.2019 19:10, xbeatdroperzx

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average. it is valued at greater than the sum of individual business units.

Answers: 1

continue

Business, 22.06.2019 19:20, kristen17diaz

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Answers: 1

continue

You know the right answer?

Vandiver company had the following select transactions:

1. april 1, 2017 accepted goodw...