The following are selected 2017 transactions of Blue Corporation. Sept. 1 Purchased inventory from Encino Company on account for $44,800. Blue records purchases gross and uses a periodic inventory system. Oct. 1 Issued a $44,800, 12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $44,800 from the Shore Bank by signing a 12-month, zero-interest-bearing $49,760 note. Prepare the necessary journal entries: g
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The following are selected 2017 transactions of Blue Corporation. Sept. 1 Purchased inventory from Encino Company on account for $44,800. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A seller must warn those who purchase its product of the harm that can result from the foreseeable misuse of the product. a. True b. False
Answers (2)
If you pay $2,000 in taxes on an income of $20,000, and a tax of $3,000 on an income of $30,000, then, over this range of income this income tax is
Answers (1)
Is there a savings account you can't touch
Answers (1)
Jeffrey earned a gross income of $67,930 last year. He made $2,173.93 in student loan interest deductions, donated $2,824 to his favorite charities and paid $3,117.56 in home mortgage interest.
Answers (1)
Jimmy wants to have $1,000,000 in 20 years bank pays 5% what should his first deposit be
Answers (1)
New Questions in Business
A website with no spelling mistakes, recent updates, and an author who isn't an expert on the subject is probably okay to use as a source.
Answers (1)
Secular inflation in the United States since 1960 has been most likely be the result of persistent leftward shifts of the aggregate demand curve. persistent rightward shifts of the long-run aggregate supply curve.
Answers (1)
Which of the following roles require publicly-traded companies to have an internal audit function? A) The New York Stock Exchange (NYSE) B) The Internal Revenue Service (IRS) C) The stockholdersD) The Board of Directors
Answers (1)
Which of the following is an example of self-interest that attempts to promote the public interest? A mother prevents her children from becoming vaccinated against measles, mumps, and rubella because of fears of autism.
Answers (1)
Employers may require job candidates take a personality test to make sure they are the right fit for their company. true or false
Answers (1)