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 08:00
3. describe the purpose of the sec. (1-4 sentences. 2.0 points)
Answers: 3
Business, 22.06.2019 08:30
What has caroline's payment history been like? support your answer with two examples
Answers: 3
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
You know the right answer?
Link communications programs voicemail systems for businesses. for a recent project, they charged $1...
Questions
Mathematics, 09.02.2021 20:00
Computers and Technology, 09.02.2021 20:00
Mathematics, 09.02.2021 20:00
Mathematics, 09.02.2021 20:00
English, 09.02.2021 20:00
Mathematics, 09.02.2021 20:00
Mathematics, 09.02.2021 20:00
English, 09.02.2021 20:00
Mathematics, 09.02.2021 20:00
Chemistry, 09.02.2021 20:00
Physics, 09.02.2021 20:00
