Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on october 31, 2019, marydale accepts a 6-month, 9

On October 31, 2019, Marydale accepts a 6-month, 9% note from Customer A in lieu...

50.1K

Verified Solution

Question

Accounting

On October 31, 2019, Marydale accepts a 6-month, 9% note from Customer A in lieu of a $4,200 cash payment for services provided that day.
b. On February 28, 2020, Marydale accepts a 6-month, $1,800, 6% note from Customer B in lieu of a $1,800 cash payment for services provided on that day.
c. On April 30, 2020, Customer A pays the entire note plus interest in cash.
d. On August 31, Create the necessary Journal and adjusting entries for a through d.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The perimeter of triangle CDE is 88 Find the length of side CE and the...

Geometry
Q

Cost of debt with fees. Dunder-Mifflin, Inc.? (DMI) is selling? 600,000 bonds to raise money for...

Finance
Q

19 In the circuit shown in figure V V VV and V are ideal ac...

Physics
Q

State restrictions and simplify a x 9 x 4x 4 X x 4 x 6x...

Basic Math
Q

4.7.PS-11Two communications companies offer calling plans. With Company X, it costs 25 to connect andthen...

Basic Math
Q

se the matrices he total revenue for each booth Quantity Sold Booth 1 below to...

Calculus
Q

How does IFRS 15 relate to the definitions of financial statement elements in the IASB...

Accounting
Q

Complete the Following Steps Chart of Accounts work 1A....

Accounting
Q

1.Paper Chasers, a shop that specializes in confetti has a 401(k) plan that allows plan...

Accounting
Q

The change in fair value for an interest rate swap that is used by Maverik...

Accounting
Q

Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable...

Accounting
Q

(Bond valuation)Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid...

Finance