An invoice with an amount of OMR 8,500 dated March 20th, and terms of payment on ordinary dating 2/10, n/30 have been received. The bill is paid on April 18th. Which of the following is the last date of credit period? a. April 19th b. March 30th C. April 18th d. March 29th

Year 1 Dec. 16 Accepted a $10,800, 60-day, 8% note in granting Danny Todd a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Todd note.

On July 8, Jones Inc. issued an $84,700, 11%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends July 31. Using a 360-day year, what is the amount of interest expense recognized by Jones in the current fiscal year? When required, round your answer to the nearest dollar. a.$595 b.$1,785 c.$9,317 d.$1,190

Please help me figure out the notes and general journal for this problem.

The terms of an invoice are 3/10, n/30 E.O.M. The invoice date is April 10. The last date on which the discount can be taken is: Select one: O a. April 30 O b. April 20 O c. May 30 O d. May 10

Year 1 December 16 Accepted a(n) $11,800, 60-day, 98 note in granting Danny Todd a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $7,600, 99, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $3,000, 30-day, 78 note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $8,950, 90-day, 118 note in granting a time extension on the past-due account receivable of Mulan Company. September 3 Accepted a $2,250, 60-day, 12% note in granting Noah Carson a time extension on his past-due account receivable. November 2 Received payment of principal plus interest from Carson for the September 3…

The company determines that the interest expense on a note payable for the period ending December 31 is $490. This amount is payable on January 1. Journalize these transactions for December 31 and January 1. If an amount box does not require an entry, leave it blank.

A 90-day note is signed on October 21. The due date of the note is: ◇ January 19 O January 21 ◇ January 20 ◇ January 18

GLO701 - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Garcia Company. Year 1 Dec. 16 Accepted a $20, 400, 60-day, 12% note in granting Rita Griffin a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Griffin note. Year 2 Feb. 14 Received Griffin's payment of principal and interest on the note dated December 16. 2 Accepted a $9,00e, 6%, 90-day note in granting a time extension on the past-due account receivable from Wright Co. 17 Accepted a $7, 200, 30-day, 10% note in granting Wang Lee a time extension on her past-due account receivable. Apr. 16 Lee dishonored her note. 31 Wright Co. dishonored its note. Mar. May Aug. 7 Accepted a $22, eee, 98-day, 1e% note in granting a time extension on the past-due account receivable of Collins Co. Sep. Nov. 2 Received payment of principal plus interest from Gonzalez for the September 3 note. Nov. 5 Received payment of principal plus interest from…

need help with 1D, Feb 14.! Received Todd’s payment of principal and interest on the note dated December 16. The following transactions are from Ohlm Company. (Use 360 days a year.) Year 1 Dec.   16   Accepted a $10,700, 60-day, 8% note in granting Danny Todd a time extension on his past-due account receivable.     31   Made an adjusting entry to record the accrued interest on the Todd note. Year 2 Feb.   14   Received Todd’s payment of principal and interest on the note dated December 16. Mar.   2   Accepted a(n) $6,600, 8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co.     17   Accepted a(n) $3,300, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Apr.   16   Privet dishonored her note. May   31   Midnight Co. dishonored its note. Aug.   7   Accepted a(n) $7,900, 90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Co. Sep.   3…