On January 10, 2022, Kingbird, Inc. sold merchandise on account to Tompkins for $8,180, terms n/30.
On February 9, Tompkins gave Kingbird, Inc. a 7% promissory note in settlement of this account.
Prepare the journal entry to record the sale and the settlement of the accounts receivable.
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Ответ:
Answer and Explanation:
The journal entries are shown below
Jan 10
Account receivable Dr $8,180
To Sales revenue $8,180
(being goods sold on credit)
Here account receivable is debited as it increased the assets and credited the sales revenue as it also increased the revenue
Feb 9
7% Promissory note Dr $8,180
To Account receivable $8,180
(Being note received is recorded)
Here Promissory note is debited and account receivable is credited
Ответ:
i think it will equal 100.000
Explanation: