Search

Accounting Resources

On March 30, Jangles Corporation received a $21,900 invoice dated March 27. Cash discount terms were 2/10, n/30. On April 03, Jangles sent an $8,760 partial payment. a. What credit should...

The stockholders’ equity section of Blue Spruce Corp.’s balance sheet consists of common stock ($8 par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 shares) is declared...

Kelly Jones and Tami Crawford borrowed $15,000 on a 7-month, 8% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1, 2017, and the note matures January...

On May 15, Wild Quest Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount...

1 2 3 4 5