TO: Bill Bugnay FROM: M. Lasker Please make the GST Remittances (nomally monthly) to the Receiver General for November (#2147) now as we will be closed until January 5. 20XX + 1. For Computer Software Applications: November Detail Sales for GST purposes Purchases for ITC purposes Owing (December 1 Balance carried Forward) GST $1,000,000 $50,000 $759.000 $37.950 $12.050 (#2147) Thanks Arif Record the transaction in the general journal.

TO: Bill Bugnay FROM: M. Lasker Please make the GST Remittances (nomally monthly) to the Receiver General for November (#2147) now as we will be closed until January 5. 20XX + 1. For Computer Software Applications: November Detail Sales for GST purposes Purchases for ITC purposes Owing (December 1 Balance carried Forward) GST $1,000,000 $50,000 $759.000 $37.950 $12.050 (#2147) Thanks Arif Record the transaction in the general journal.

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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< Sunshine Service Center received a $40,000, 120-day, 6% note, dated April 12, from a customer on account. Assume 360 days per year. a. Determine the due date of the note. August 10 b. Determine the maturity value of the note. 120 c. Journalize the entry for the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Aug. 10 Cash Note Receivable Interest Revenue
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ok The following transactions took place for Smart Solutions Incorporated. ces 2020 a. July 1 Loaned $70,000 to employees of the company and received back one-year, 10 percent notes. b. December 31 Accrued interest on the notes. 2021 c. July 1 d. July 1 Required: Prepare the journal entries that Smart Solutions Incorporated would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Received interest on the notes. (No interest has been recorded since December 31.) Received principal on the notes. Journal entry worksheet 1 Loaned $70,000 to employees of the company and received back one-year, 10 percent notes. Record the transaction. 2 Note: Enter debits before credits. < Date July 01, 2020 < Journal entry worksheet 1 Date Note: Enter debits before credits. December 31, 2020 Record entry 1 Accrued interest on the notes. Record the transaction. 2 Journal entry worksheet 2…
NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $ 75,000, INTEREST RATE IS 9 %% CALCULATE THE FOLLOWING THE DUE DATE THE INTEREST AMOUNT (PXRXT) MATURITY VALUE (face amount plus the interest amount) Prepare the journal entry for the following dates 1. 11/24/2021 2. The adjusting journal entry made on 12/31/2021 3. On the due date PAGE 2.OF 2 215 WORDS "
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An invoice dated November 25 for $2600 had the terms 3/15, 1.5/30, n/45 E.O.M. What is the last day for taking the 1.5% discount? O A. December 30 O B. December 15 O c. December 10 O D. December 25
journalise the transaction
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chapter 8
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