User Account

All Pages

Determine the due date of the note

Assignment Help Accounting Basics
Reference no: EM132877211

Problem - Note receivable - Gorilla Supply Company received a 120-day, 5% note for $150,000, dated March 27 from a customer on account.

Required -

a. Determine the due date of the note.

b. Determine the maturity value of the note.

c. Journalize the entry to record the receipt of the payment of the note at maturity.

Reference no: EM132877211

Questions Cloud

Examine the issue through the lens of labeling theory : You may choose the issue of gang violence within Latin American communities and examine the issue through the lens of labeling theory.
Identify the three components in sternberg theory of love : Identify the three components in Sternberg's theory of love and three of the seven possible combinations resulting from their intersection.
Identify the critical training needs at maple leaf shoes : Identify the critical training needs at Maple Leaf Shoes and develop a training programme to address those needs over the next three years.
What is included in the abstract of a thesis : What is included in the abstract of a thesis
Determine the due date of the note : Gorilla Supply Company received a 120-day, 5% note for $150,000, dated March 27 from a customer on account. Determine the due date of the note
Collective bargaining process : Employers and their contracted employees don't always agree. An employer has an obligation to bargain under the National Labor Relations Act (NLRA). The collect
What makes the country favorable to do business at : What interesting things we should know about when conducting business in this country? what makes this country favorable to do business at?
Explain how illegal immigration affects your employment : Explain how illegal immigration affects your employment? Support your answers with appropriate research and reasoning.
Identify community demographics : Identify the main actors (different ones for each concern) who may be involved in participating in a policy development process to address the concerns.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd