![afosburgh20](/avatars/17105.jpg)
afosburgh20
21.04.2020 •
Business
On January 1, Franz Co. accepted a 30-day, 6% note in the amount of $5,000 from Bria Co., a customer. On January 31, the due date of the note, Bria honors the note and pays in full. The journal entry that Franz would make to record payment of this note would include a: (Check all that apply.) credit to Note Receivable for $5,000. debit to Interest Revenue for $25. credit to Note Receivable for $5,025. credit to Interest Revenue for $25. debit to Cash for $5,025.
Solved
Show answers
More tips
- F Food and Cooking What Foods Can Nursing Moms Eat?...
- L Leisure and Entertainment Choosing the Right Books to Read: Tips and Recommendations...
- L Leisure and Entertainment Couchsurfing: A New Way to Travel...
- G Goods and services Which TV is better - LCD or Plasma?...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
Answers on questions: Business
- B Business In a market system, how does society decide what goods and services will be produced? a. what goods and services will be produced is determined by a vote of consumers. b. the government...
- B Business COME HERE IF U WANNA BE FREINDS im a girl and im 14...
- B Business Come here if u wanna be freinds im a girl and im 14:3...
- M Mathematics 11. $1.44 for 12 pencils...
- A Advanced Placement (AP) What do the points do on here aside from leveling up what do they do....
- M Mathematics Please helppppp brainlieststttt...
- M Mathematics The cross section of a bridge is shown in the diagram. (first picture goes here) Design Specifications • The bridge is 55 ft 6 in. wide. • The distance from either edge of the bridge...
- M Mathematics A submarine dived 172 ft and 4 minutes find the average change in depth from the submarine each minute...
- E English 3. Which of the following describes a heterogeneous mixture? A Clear in appearance.B. Uniform in appearance.C. Has one observable phase.D. Particles can be seen settled at the bottom...
- S Social Studies Which of the following bodies of water are extremely important for shipping in the Middle East, especially for the transport of oil? i. the Suez Canal ii. the Persian Gulf iii. the...
Ответ:
The journal entry that Franz would make to record payment of this note would include:
credit to Note Receivable for $5,000
credit to Interest Revenue for $25
debit to Cash for $5,025
Explanation:
Franz Co. accepted a 30-day, 6% note in the amount of $5,000 from Bria Co., on January 1.
The amount of the interest per year = 6% x $5,000 = $300
The amount of the interest per month = $300/12 = $25
On January 31, the due date of the note, Bria honors the note and pays in full. The journal entry to record the collection in Franz Co. :
Debit Cash $5,025
Credit Note Receivable $5,000
Credit Interest revenue $25
Ответ:
4x + 72 + 2x - 12 = 180
6x + 60 = 180
6x = 180 -60
6x = 120
x = 120/6
x = 20