Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 5.00

Brown Company

Note 1: Jun 10 purchased merchandise from Brown Company and gave a note for 6,000, 8%, 90 days.
Note 2: Nov 1 purchased merchandise from XYZ Corporation and gave a note for 17,000, 12%, 120 days.
Note 3: Dec 6 sold merchandise to Able for 3,000 and received a 60 day note at 10% interest.
Our company closes the accounting records on Dec 31.

· Prepare the journal entries for the issue of Note 1 and the payment of the note. Include dates in your entries.

· For Note 2, prepare the journal entries (including dates) for the issue of the note, year-end interest, and the payment of the note.

· For Note 3, prepare the entries (including dates) for receiving the note, year-end entries and receiving payment of the note.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 12:08 PM My Price 5.00

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