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DCL Industries purchased a supply of mechanical components from E Corporation on November 1, 2009. In payment for the $48,000 purchase, DCL issued a 1-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12%. The cost of the inventory to E Corporation was $43,000.
Lender:
Prepare the journal entry for E Corporation’s (Lender) sale of the components on November 1, 2009.
Prepare the journal entry for the first installment payment on November 30, 2009 by E Corporation (Lender).
Prepare the journal entry for the second installment payment on December 31, 2009 by E Corporation (Lender).
Depict the regression line on your graph. Use your graph to calculate the regression line using the criteria of economic plausibility, goodness of fit as well as significance of the independent variable.
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ber corporations balance sheet at 31st december 2010 is shown below.comprehensive problemsaber corporationbalance
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