On january 1, shemwell co. signed a security agreement giving jones a security interest in a crane shemwell was planning to buy for its business.
in exchange for the security agreement, jones signed a contract to lend shemwell $10,000 on request.
on january 9, shemwell purchased the crane.
on january 15, jones delivered $10,000 to shemwell.
on january 20, jones filed the security agreement with the appropriate public officials.

under the ucc, when did jones's security interest in the crane attach?

a. on january 1, when the security agreement was signed.

b. on january 9, when shemwell purchased the crane for its business.

c. on january 15, when jones delivered $10,000 to shemwell.

d. on january 20, when jones filed the security agreement.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.