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toxicsugar22

  • 5 years ago

does anyone know accounting

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  1. anonymous
    • 5 years ago
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    yes... tell me..

  2. toxicsugar22
    • 5 years ago
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    ok

  3. toxicsugar22
    • 5 years ago
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    Can u help me Journalize the following transactions Mar. 1 Received a 30,000, 60-day, 6% note dated march 1 from Brasahaw Co. on account

  4. toxicsugar22
    • 5 years ago
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    do u get it

  5. anonymous
    • 5 years ago
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    one sec

  6. anonymous
    • 5 years ago
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    bills receivable account dr. Brashaw co. account

  7. anonymous
    • 5 years ago
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    ok?

  8. toxicsugar22
    • 5 years ago
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    ok and is there some numbers that go after it

  9. anonymous
    • 5 years ago
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    for now u will debit the b/r account with only 30000 since u have received only 30000 from the brasahaw co....the interest part of the entry will be when u actually receive the money.........

  10. anonymous
    • 5 years ago
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    fine??????

  11. toxicsugar22
    • 5 years ago
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    Can u help me with this one received a 225,00, 60-day, 9% note dated March 18 from Soto Co.on account

  12. anonymous
    • 5 years ago
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    are u doing the chapter on interest rates?or journal entries?

  13. toxicsugar22
    • 5 years ago
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    yes

  14. anonymous
    • 5 years ago
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    then i think u need to calculate the interest portion of the amount as u wuold be entitled to the interest also once th bill becomes due.....

  15. anonymous
    • 5 years ago
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    then the entry would be....

  16. anonymous
    • 5 years ago
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    are u sure about the amount?????22500???

  17. toxicsugar22
    • 5 years ago
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    sryy 25000

  18. anonymous
    • 5 years ago
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    if amount is 22500, then the interest works upto 375 rupees.... then the entry is bills receivable account dr. 25375

  19. toxicsugar22
    • 5 years ago
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    no its 25000

  20. anonymous
    • 5 years ago
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    to soto co. 25000 to interest account 375

  21. anonymous
    • 5 years ago
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    i have calculated the interest on 25000 only.......check out the answer ......are u convinced?did u understand?

  22. toxicsugar22
    • 5 years ago
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    yes

  23. toxicsugar22
    • 5 years ago
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    one more The note dated March 1 from Bradshaw Co. is dishonored, and the customers account is charged for the note, including intrests

  24. anonymous
    • 5 years ago
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    reverse the entry............i.e.

  25. anonymous
    • 5 years ago
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    bradshaw co. dr....(amount) to bills receivable account....(amount) to notaries payable..............(amount) you should have included the interest amount in the bill amount itself in the original entry.......i mean in the journal itself therefore bradshaw is liable to pay the interest amount also...did u understand?

  26. toxicsugar22
    • 5 years ago
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    so how much is notaries payable

  27. anonymous
    • 5 years ago
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    that will be given in the problem, if the amount is not given then u can leave the entry blank......

  28. anonymous
    • 5 years ago
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    understood?

  29. toxicsugar22
    • 5 years ago
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    ok

  30. anonymous
    • 5 years ago
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    r u preparing for 12th class,commerce?

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