Sheffield Corp. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31.
Nov. 1 Loaned $72,000 cash to C. Bohr on a 12-month, 11% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600, 90-day, 6% note.
16 Received a $11,700, 180-day, 7% note to settle an open account from A. Murdock.
31 Accrued interest revenue on all notes receivable.
Required:
Journalize the transactions for Sheffield Corp.
Answers: 2
Another question on Business
Business, 22.06.2019 01:00
Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands
Answers: 1
Business, 22.06.2019 22:30
Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *
Answers: 2
Business, 22.06.2019 23:30
Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution
Answers: 3
Business, 23.06.2019 00:40
The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.
Answers: 3
You know the right answer?
Sheffield Corp. has the following transactions related to notes receivable during the last 2 months...
Questions
English, 30.03.2021 18:10
Biology, 30.03.2021 18:10
Mathematics, 30.03.2021 18:10
Mathematics, 30.03.2021 18:10
Mathematics, 30.03.2021 18:10
Physics, 30.03.2021 18:10
Computers and Technology, 30.03.2021 18:10
Mathematics, 30.03.2021 18:10
History, 30.03.2021 18:10
Mathematics, 30.03.2021 18:10
Biology, 30.03.2021 18:10
