![eskarletche8](/avatars/8170.jpg)
eskarletche8
15.12.2020 •
Business
On November 19, Nicholson Company receives a $18,600, 60-day, 10% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end
Solved
Show answers
More tips
- H Health and Medicine What Are the Best Vitamins? A Scientific View on Vitamin Supplements...
- F Food and Cooking From Latte to Espresso: Which Coffee Drink is the Most Popular on Earth?...
- C Computers and Internet How to Set Up Internet on iPhone? Detailed Guide with Step-by-Step Instructions...
- P Philosophy 8 привычек, чтобы достичь счастливой жизни...
- F Food and Cooking How Many Grams Are In a Tablespoon?...
- G Goods and services How to Choose the Right Iron: Purchase Tips...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- H Health and Medicine How to Choose the Right Glasses?...
- H Health and Medicine What vaccines do children need?...
- H Health and Medicine AKDS Vaccination: Ensure Your Child s Safety...
Answers on questions: Business
- B Business So, i got a job two weeks ago and i m a minor. i don t have a work permit. is a permit necessary to get paid? i haven t been asked if i have one, but i m afraid that i might...
- B Business Over spring break, you go to florida and accidentally spend too much on your checking account s debit card. when you get back to school, you are shocked to see you owe your...
- M Mathematics Four tickets to the dance cost $15. How much Will it cost you, if you by 13 tickets to the dance?...
- M Mathematics Find the area of this figure...
- B Business The Neal Company wants to estimate next year s return on equity (ROE) under different financial leverage ratios. Neal s total capital is $10 million, it currently uses only...
- S SAT Think about a wooden chair and a balloon what do these two objects have in common...
Ответ:
Answer and Explanation:
The adjusting entry is as follows
Interest receivable Dr ($18,600 × 10% × 42 days ÷ 360 days) $217
To Interest revenue $217
(being the interest revenue is recorded)
Here the interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue
The 42 days are calculated from Nov 19 to Dec 31
Ответ:
Yes, it's called a rebellion.