Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (11th Edition)

11th Edition

ISBN: 9780134078960

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business…

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Textbook Question

Chapter 9, Problem S9.9SE

Computing interest amounts on notes receivable

A cable of notes receivable for 2016 follows:

	Principal	Interest Rate	Interest Period During 2016
Note 1	$ 30,000	4%	3 months
Note 2	8,000	5%	180 days
Note 3	28,000	12%	90 days
Note 4	110,000	10%	6 months

For each of the notes receivable, compute the amount of interest revenue earned during 2016. Round to the nearest dollar.

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Chapter 9, Problem S9.8SE

Chapter 9, Problem S9.10SE

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Chapter 9 Solutions

Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (11th Edition)

Ch. 9 - 1. With good internal controls, the person who...Ch. 9 - Prob. 2QC Ch. 9 - Which of the following is a limitation of the...Ch. 9 - 3. The entry to record a write-off of an...Ch. 9 - Brickman Company uses the allowance method to...Ch. 9 - Brickman’s ending balance of accounts Receivable...Ch. 9 - At December 31 year-end, Crain Company has an...Ch. 9 - Using the data in the preceding question, what...Ch. 9 - At year-end, Schultz Company has cash of $11,600,...Ch. 9 - Using the data in the preceding question, assume...

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