Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount of Date of partial payment Amount Actual partial Balance payment to be credited Terms Invoice date outstanding of invoice payment made %24 645 3/10, n/60 7/19 2$ 445 7/28 2$ 200.00

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A: Journal is a book used to record of day to day transactions of the business.

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A: Journal entry for the base refund would debit of GST collected and withheld and credit of GST paid.…

Q: On January 2, 2015, Banno Corporation issued $ 1,500,000 of 10% bonds at 97 due December 31, 2024.…

A: Face Value of bonds required to redeemed $9,00,000 Discount on bonds Payable ($900000 * 3%)…

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A: Collection Cash a/c dr. $2040 William pruitt a/c credit $2040 Write off william pruitt a/c Allowance…

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A: Journal entry is a process of recording each and every business transaction into books of accounts…

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A: Date Account title and explanation  Debit   Credit  Oct. 2 Cash                 2,900…

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A: Amount credited = $3,600 / (100% - 5%).= $3,600 / 95%.= $3,789

Q: None

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Q: On January 1, 2020, Stellar Company purchased 12% bonds, having a maturity value of $325,000 for…

A:

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A: The journal entries are prepared to record the transactions on regular basis. The allowance for…

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Q: Terms

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Q: answer must be correct

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.