on 1/8/2019 "ABC" Company sold a truck to "CDC" Company for $145,000. The buyer ("CDC" Company) paid$45,000 cash and signed a 9-month, 12% note for the balance.estion 4yetweredBased on the above-given information, answer the following questions:red out of1. What is the amount that "ABC" company should receive on the maturity date?o The Answer is:lag question2. If "ABC" Company has a calendar year, Then the company must present:o For the year ended 31/12/2019, the must present Interest revenue with an amount ofon itso As on 31/12/2019 The note receivable must be presented on the statement of financial position as awith an amount ofo For the year ended 31/12/2020, the company must report interest revenue with an amount ofSearch

Interest revenue is the income which is generated from investments. The firms who charge interest on…

on 1/8/2019 "ABC" Company sold a truck to "CDC" Company for $145,000. The buyer ("CDC" Company) paid $45,000 cash and signed a 9-month, 12% note for the balance. Based on the above-given information, answer the following questions: 1. What is the amount that "ABC" company should receive on the maturity date? o The Answer is: on 2. If "ABC" Company has a calendar year, Then the company must present: o For the year ended 31/12/2019, the must present Interest revenue with an amount of on its o As on 31/12/2019 The note receivable must be presented on the statement of financial position as a with an amount of o For the year ended 31/12/2020, the company must report interest revenue with an amount of

on 1/8/2019 "ABC" Company sold a truck to "CDC" Company for $145,000. The buyer ("CDC" Company) paid $45,000 cash and signed a 9-month, 12% note for the balance. Based on the above-given information, answer the following questions: 1. What is the amount that "ABC" company should receive on the maturity date? o The Answer is: on 2. If "ABC" Company has a calendar year, Then the company must present: o For the year ended 31/12/2019, the must present Interest revenue with an amount of on its o As on 31/12/2019 The note receivable must be presented on the statement of financial position as a with an amount of o For the year ended 31/12/2020, the company must report interest revenue with an amount of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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6. Answer what is required of the problem.
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Please solve for the equipment of transaction 1 and the machine of transaction 3.
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