Link communications programs voicemail systems for businesses. for a recent project, they charged $135,000. the customer secured this amount by signing a note bearing 12% interest on february 1, 2019.
required:
1. prepare the journal entry to record the sale on february 1, 2019.
2. determine how much interest link will receive if the note is repaid on december 1, 2019.3. prepare link's journal entry to record the cash received to pay off the note and interest on december 1, 2019.
Answers: 1
Another question on Business
Business, 22.06.2019 01:10
Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?
Answers: 2
Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
Business, 23.06.2019 00:00
Which of the following statements is true about an atm card?
Answers: 1
Business, 23.06.2019 05:30
What are some examples of types of investments on the part of manufactures that result in growth? how does this improve a nation's standard of living?
Answers: 3
You know the right answer?
Link communications programs voicemail systems for businesses. for a recent project, they charged $1...
Questions
Physics, 14.07.2019 06:00
Mathematics, 14.07.2019 06:00
Mathematics, 14.07.2019 06:00
Mathematics, 14.07.2019 06:00
English, 14.07.2019 06:00
Mathematics, 14.07.2019 06:00
English, 14.07.2019 06:00
