On january 1, ajax corp accepted a one-year note for $50,000 at 5% from one of its customers. when the note matured on december 31, the customer was unable to pay, and the company recorded the dishonor. the amount of the debit in the dishonor entry would be:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On january 1, ajax corp accepted a one-year note for $50,000 at 5% from one of its customers. when the note matured on december 31, the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
During the year, Amrerk Inc. recorded sales revenue of $200,000. The balance in accounts receivable increased by $4,000. The amount of cash received from customers can be derived by preparing a journal entry that includes:
Answers (1)
Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a price of $965. At this price, the bonds yield 7.7 percent. What must the coupon rate be on the bonds?
Answers (1)
Which of the following is not a characteristic of a weak economy? A. A low employment rate B. A high inflation rate C. A decreased GDP D. A high unemployment rate
Answers (1)
When government spending increases by $1, planned expenditures increase by $1 A. times the spending multiplier and the equilibrium level of income will increase by $1. B. and the equilibrium level of income will increase by $1. C.
Answers (1)
The difference between economic profit and accounting profit is that economic profit is calculated based on both implicit and explicit costs whereas accounting profit is calculated based on explicit costs only. a. TRUE b. FALSE
Answers (1)
New Questions in Business
Many people have argued that an income tax should be "marriage neutral," that is, two people should pay the same total tax whether they are married or they are single.
Answers (1)
Which company developed the first commercially successful computer? a. ibm b. apple c. amazon d. microsoft
Answers (1)
One of the best networking traits you can develop is
Answers (1)
The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery originally cost $9,000 and had accumulated depreciation of $5,000.
Answers (1)
Which of these is an example of a tax on consumption?
Answers (1)