Friday
February 27, 2015

Homework Help: accounting

Posted by ana on Saturday, November 13, 2010 at 8:32pm.

Adnan's Flower Shop provides floral arrangements for holidays and events.
Adflans sold Oxford Cdy Hall a holiday arrangement for 10,000 on account in
November Due to a government shutdown in December, Oxford only paid
$1,500 otthe amount due within the prescribed period. Both parties agreed to
satisfy the remaining balance with aten-month note, at 14% interest, all
payable at the end of the note.

Please record the appropriate joumnal entry establishing the note on Adran's
books.


Debit notes receivable 8500
Credit accounts receivable 8500

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

business - Lansing Auto Pats, Inc., has projected sales of $25,000 in October...
Acounting 202 - Dokken & Dietrich’s Donut Company pays for 25% of its inventory ...
accounting - I need HELP in journalizing the following please: February 1 Paid $...
accounting - In 2007, Clyde Blackstock opened Clyde’s Pets, a small retail shop ...
accounting - Jack Shellenkamp owns and manages a computer repair service, which ...
Mergers and Acquisitions - Fair value determination of goodwill and calculating ...
math - You've just received an order of silk flower arrangements from your ...
Quantitative Business Analysis - John has believed for some time that flower ...
accounting - Valmont, Inc. experienced the following events in 2012, in its ...
Advanced Accounting - Final Exam ACC440 Problem 1 On January 1, 20X1, Popular ...

Members