Business, 13.07.2020 19:01 gabegabemm1
On June 30, 2021, the Esquire Company sold some merchandise to a customer for $68,000. In payment, Esquire agreed to accept a 9% note requiring the payment of interest and principal on March 31, 2022. The 9% rate is appropriate in this situation. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2021 interest accrual, and the March 31, 2022 collection. (Do not round intermediate calculations.) 2. If the December 31 adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over-or understated in 2021 and 2022
Answers: 1
Business, 21.06.2019 20:00, kay4173
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Business, 21.06.2019 22:00, QueenNerdy889
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Business, 22.06.2019 16:10, boogerbuttday
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Answers: 1
Business, 23.06.2019 02:50, Lacrosse34
Which of the following will be a source of cash flows for a shareholder of a certain stock? i. sale of the shares at a future date ii. the firm in which the shares are held paying out cash to shareholders in the form of dividends iii. the firm in which the shares are held increasing the total number of shares outstanding through a stock split
Answers: 2
On June 30, 2021, the Esquire Company sold some merchandise to a customer for $68,000. In payment, E...
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