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  3. on june 1, davis inci issued an 564,100,84,120-day

On June 1, Davis Inci issued an 564,100,84,120-day note payable to Garcia Company Assume that...

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Accounting

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On June 1, Davis Inci issued an 564,100,84,120-day note payable to Garcia Company Assume that the fiscal year of Gareia ends zune 30 . Using a 360 -day year in your calculations, What is the amount of interest revenue recognized by Garci in the following year? When required, round your answer to the nearest dollar. a. 55,128 b. ssiss C. 51.296 d. 5427 Nexis Corp, issues 3,160 shares of $10 par value common stock at $17 per share. When the transaction is recorded, what credit entry or entries are made? a. Common Slock 553,720 . b. Common Shock 531,600 and Paid-in Capatal in Excess of Sated Value 522,120. c. Common Suock $22,120 and Retained Farnings $31,600 d. Common Stock 531,600 and Paid-in Capieal in Exces of Par Value \$22,120

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