subject
Business, 06.04.2021 02:20 aliyahgregory

On December 31, 2020, Teal Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Teal Co. agreed to accept a $262,700 zero-interest-bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Teal is much more creditworthy and has various lines of credit at 6%. Prepare the journal entry to record the transaction of December 31, 2020, for the Blue Co. Assuming Blue Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2021. Assuming Blue Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2022.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:30
Can you post a video on of the question that you need on
Answers: 2
question
Business, 22.06.2019 11:30
Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400
Answers: 3
question
Business, 22.06.2019 20:20
Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.
Answers: 3
question
Business, 22.06.2019 22:10
Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.
Answers: 1
You know the right answer?
On December 31, 2020, Teal Co. performed environmental consulting services for Hayduke Co. Hayduke w...
Questions
Questions on the website: 13722361