Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at october 30th, xyz corp has the following accoun

At October 30th, XYZ Corp has the following account balances for a one year note...

90.2K

Verified Solution

Question

Accounting

image
At October 30th, XYZ Corp has the following account balances for a one year note receivable that bears 6% interest which is due on November 30th. Note receivable $10,000 Interest receivable $550 What is the journal entry that XYZ will record when the repayment of the note and the interest is made on November 30th

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

what is criticisms of ROI and why the residual income may be a better indicator than...

Programming
1.2K views

Make one program in c++ Implement the Point class composed of an ordered pair (?, ?)....

Psychology
1.2K views

In this discussion thread you will share a summary of your proposal project with your classmates....

Physics
1.2K views

26 In an oscillating L C circuit the maximum charge on the capacitor is Q...

Basic Math
1.2K views

A recent graduate s student loans total 18 000 If these loans are at 5...

Accounting
1.2K views

Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard...

Accounting
1.2K views

a. Briefly describe the differences between the strategic, operational, and continuous budgets. b. List three...

Accounting
1.2K views

Grouper Corp's trial balance at December 31, 2023 is properly adjusted except for the income...

Accounting
1.2K views

3 2 points Which California employers must electronically submit employment tax returns, wage reports, and...

Accounting
1.2K views

The following Information is from Tejas Window Tint's financial records. Month April May June July...

Accounting
1.2K views

Campbell's Read and interpret corporate governance statement Refer to the corporate governance disclosures provided on...

Finance
1.2K views

12. Find the nominal rate compounded semi-annually that is equivalent to 5.2% compounded annually. a)...