subject
Business, 07.04.2020 15:49 skatingby7522

Accounts and Notes Payable On February 15, Barbour Industries buys $800,000 of inventory on credit. On March 31, Barbour approaches its supplier because it cannot pay the $800,000. The supplier agrees to roll the amount into a note due on September 30 with 10% interest. Required: Prepare the necessary journal entries from February 15 through payment on September 30. If an amount box does not require an entry, leave it blank. Feb. 15 (Record purchase of inventory on credit) Mar. 31 (Record issuance of note to cover unpaid account payable) Sept. 30 (Record payment of note and interest)

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:20, alkaline27
Jing-sheng facilitated a hiring committee for his advertising company. six employees (including two managers) met together to discuss applicants and select the finalists for a copywriter position in the public relations department. although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. in setting up this type of hiring process, the head of public relations was utilizing a(n) style of leadership. a. autocraticb. free-reinc. contingentd. participative
Answers: 3
image
Business, 22.06.2019 11:30, zahradawkins2007
Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task
Answers: 1
image
Business, 22.06.2019 15:30, barstr9146
Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false
Answers: 1
image
Business, 22.06.2019 17:50, primmprincess312
Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.
Answers: 2
You know the right answer?
Accounts and Notes Payable On February 15, Barbour Industries buys $800,000 of inventory on credit....

Questions in other subjects:

Konu
Mathematics, 05.08.2021 15:30