Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 28 the total amount of the note and inter

QUESTION 28 The total amount of the note and interest due on the maturity date...

80.2K

Verified Solution

Question

Accounting

image
QUESTION 28 The total amount of the note and interest due on the maturity date of a 56,000, 60-day 8%, note receivable is (Use 360 days a year.) $6,480 $5.520 55920 56.000 S6 080 QUESTION 29 Brinker accepts all major bank credit cards including First Savings Banks which a 25% charge ones for using it card On May 26. Brinker had $4.000 in First Savings Bank Card credit salos What entry should Brinker make on May 26 to record the deposit? Debit Accounts Receivable $4800 Credit Sales 54.000 Debit Cash $4.000 credit Safes $4.800 Debit Accounts Receivable 54.680 debit Credit Card Expense S120 credit Saws 54.000 Debit Cash $4.680 dobit Credit Card Expense 5120 credit Sites 54.000 Debit Cash $4,920 credit Credit Card Expanse S120 credit Sale $4.000

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