subject
Business, 10.10.2020 19:01 chippicharleschinnu

Chopper Company paid Keith Company for merchandise with a $24,000, 60-day, 9% note dated April 1. If Chopper Company pays the note at maturity, what entry should Keith make at that time? A) Cash 26,160 Interest income 2,160 Notes receivable 24,000 B) Notes payable 24,000 Interest expense 2,160 Cash 26,160 C) Cash 24,360 Interest income 360 Notes receivable 24,000 D) Notes payable 23,640 Interest expense 360 Cash 24,000

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:50
You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?
Answers: 2
question
Business, 21.06.2019 23:30
Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?
Answers: 1
question
Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
Answers: 3
question
Business, 22.06.2019 19:00
In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
Answers: 1
You know the right answer?
Chopper Company paid Keith Company for merchandise with a $24,000, 60-day, 9% note dated April 1. If...
Questions
question
Mathematics, 07.12.2021 05:50
question
Mathematics, 07.12.2021 05:50
question
Mathematics, 07.12.2021 05:50
question
Health, 07.12.2021 05:50
Questions on the website: 13722359