Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,000. Food Supplier's journal entry to record the sales transaction is:A. Debit Accounts Receivable $4,000; credit Sales $4,000B. Debit Notes Receivable $4,000; credit Sales $4,000C. Debit Accounts Receivable $4,060; credit Sales $4,060D. Debit Notes Receivable $4,060; credit Sales $4,060E. Debit Notes Receivable $4,000; debit Interest Receivable $60; credit Sales $4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,000. Food ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Dax has been promoted to a first-line manager. Dax's new position will require him to spend a lot of time
Answers (1)
Why designer shops price their clothes higher and clients buy them relative to lower prices offered by supermarket of similar clothes
Answers (1)
Assume the company has 500 units of this product left over from last year that are inferior to the current model. The units must be sold through regular channels at reduced prices.
Answers (1)
The chart shows taxable income. which explains a difference between income and taxable income? income is what a person earns, while taxable income reflects deductions subtracted for relevant expenses.
Answers (2)
E-commerce refers to exchanges between individuals and organizations-and the activities that facilitate those exchanges-based on applications of infor
No Answers
New Questions in Business
Under the Uniform Commercial Code (UCC), a firm offer applies to: a. an unlimited, stipulated period of time. b. a written, signed offer by a merchant to buy or sell goods. c. a written, signed offer by anyone to buy or sell goods. d.
Answers (1)
The economic principle that states that individuals or nations can gain by specializing in the production of goods that they produce cheaply and exchanging for other desired goods that they could only produce at a higher cost is
Answers (1)
The formula for cost of goods manufactured is?
Answers (1)
Athleisure, Inc. sells athletic gear by sending customers a catalog nine times a year. The company has no retail stores or website, but offers a toll-free order number that operates 24 hours a day, 365 days a year. Athleisure, Inc.
Answers (1)
Marcia, owner of drapes by design, has groups of employees in production and installation. if she decides to use work teams as part of her leadership approach, she may be able to:
Answers (1)