subject
Business, 03.04.2020 05:26 student0724

On January 1, 2020, Crane Company had Accounts Receivable $136,700 Notes Receivable $33,600, and Allowance for Doubtful Accounts $23,000. The note receivable is from Willingham Company. It is a 4-month, 996 note dated December 31, 2019. Crane Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred. an. s Sold $28,400 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon Company's $28,400, 3-month, 8% note for balance due. eb. 18 Sold $16,600 of merchandise to Patwary Company and accepted Patary's $16,600, 6-month, 9% note for the amount due. 20Collected Sheldon Company note in full. 3Received payment in full from Willingham Company on the amount due. Accepted Potter Inc.'s $13,200, 3-month, 7% note in settlement of a past-due balance on account. May 2s 18Received payment in full from Patwary Company on note due. 2s The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated. Sept 1 Sold $13,800 of merchandise to Stanbrough Company and accepted a $13,800, 6-month, 10% note for the amount due. Journalize the transactions. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 19:20, 2020IRodriguez385
What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.
Answers: 2
image
Business, 21.06.2019 21:30, meababy2009ow9ewa
1. gar principles or "the principles"are intended to do what? a. foster an awareness of the hierarchical structure of the organization b. explain the best method of implementing biometric security techniques c. foster an awareness of the importance of good employee training d. foster an awareness of getting upper level management on board in understanding the need to implement an ig program e. foster an awareness of good record keeping principles
Answers: 1
image
Business, 22.06.2019 12:20, laskew37221
Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:
Answers: 3
image
Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325
Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented
Answers: 1
You know the right answer?
On January 1, 2020, Crane Company had Accounts Receivable $136,700 Notes Receivable $33,600, and All...

Questions in other subjects: