Bellezas del Mar purchased inventory from a large supplier. The supplier offered him a credit...

80.2K

Verified Solution

Question

Accounting

Bellezas del Mar purchased inventory from a large supplier. The supplier offered him a credit term of 3/10, n / 30. Indicate whether this debt is an example of an account payable, long-term or short-term debt.

Adopciones y Ms drew on 8 annual notes that amounted to $ 250,000 to be paid when the office it is building is completed. The company intends to pay $ 75,000 next year. What is considered that portion?

Pet Supply Co. issued a 65-day 7% note for $ 110,000 to Pets Co. Performs the payroll entry of the note and the entry of the note payment with interest.

Librera Especial issued an 80-day note at 11% for $ 2,000 in arrears. Make the salary entries of the note and the entry with the accumulated interest.

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