P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7,300 3,700 Accrued interest income Accrued interest expense Prepaid Rent Unearned interest Allowance for Bad Debts Accumulated depreciation Freight in Freight out Purchase Retums & Allowances Purcbase discount Sales Returns & Allowances Sales discount

Q: What is the difference between Notes Payable and Accounts Payable?

A: Introduction: Accounts payable  is an account within the general ledger that represents a company's…

Q: What are credit terms?

A: Credit terms or terms of credit It is the vender purchaser agreement that rundowns the planning and…

Q: On a balance sheet what does a line of credit do to the balance sheet does it offset notes payable?

A: A line of credit is an important aspect of accounting in  which the lender and the borrower come…

Q: How to calculate the notes payable

A: Notes payable are long-term liabilities that indicate the money a company owes its financiers—banks…

Q: What are three differences between accounts receivable and notes receivable?

A: Short-term assets, such as accounts receivable, are assets that are supposed to be recovered within…

Q: Explain the term Transfers of Notes Receivable.

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: What are the differences between Notes Payable and Accounts Payable?

A: Explain the difference between a note payable and an account payable as follows:Notes payable: A…