A company receives a 10%, 90-day note for $3,900. The total interest due on the maturity date is

A company receives a 10%, 90-day note for $3,900. The total interest due on the maturity date is: (Use 360 days a year.)

$97.50.

$195.00.

$130.00.

$227.50.

$390.00.

$3,900 × 0.10 × 90/360 = $97.50

On February 1, a customer's account balance of $2,600 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?

On February 1, a customer's account balance of $2,600 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?

Debit Bad Debts Expense $2,600; credit Allowance for Doubtful Accounts $2,600.

Debit Accounts Receivable $2,600; credit Allowance for Doubtful Accounts $2,600.

Debit Allowance for Doubtful Accounts $2,600; credit Bad Debts Expense $2,600.

Debit Bad Debts Expense $2,600; credit Accounts Receivable $2,600.

Debit Allowance for Doubtful Accounts $2,600; credit Accounts Receivable $2,600.

Answer

Debit Allowance for Doubtful Accounts $2,600; credit Accounts Receivable $2,600.

On November 1, Orpheum Company accepted a $12,200, 90-day, 30% note from a customer to settle an account. What entry should be made on the November 1 to record the note acceptance?

On November 1, Orpheum Company accepted a $12,200, 90-day, 30% note from a customer to settle an account. What entry should be made on the November 1 to record the note acceptance?

Debit Cash $12,200; credit Sales $12,200.

Debit Note Receivable $12,200; credit Cash $12,200.

Debit Sales $12,200; credit Accounts Receivable $12,200.

Debit Note Receivable $12,200; credit Sales $12,200.

Debit Note Receivable $12,200; credit Accounts Receivable $12,200.

Answer
Debit Note Receivable $12,200; credit Accounts Receivable $12,200.

At the end of the day, the cash register tape shows $1,340 in cash sales but the count of cash in the register is $1,435. The proper entry to account for this excess is:

At the end of the day, the cash register tape shows $1,340 in cash sales but the count of cash in the register is $1,435. The proper entry to account for this excess is:

Debit Cash Over and Short $95; credit Cash $95.

Debit Cash $1,435; credit Sales $1,435.

Debit Cash $1,340; credit Sales $1,340.

Debit Cash $1,435; credit Sales $1,340; credit Cash Over and Short $95.

Debit Cash $1,340; debit Cash Over and Short for $95; credit Sales $1,435. Answer Debit Cash $1,435; credit Sales $1,340; credit Cash Over and Short $95.

Havermill Co. establishes a $370 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $85 for Office Supplies, $161 for merchandise inventory, and $34 for miscellaneous expenses. The fund has a balance of $90. On October 1, the accountant determines that the fund should be increased by $74. The journal entry to record the reimbursement of the fund on September 30 includes a

Havermill Co. establishes a $370 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $85 for Office Supplies, $161 for merchandise inventory, and $34 for miscellaneous expenses. The fund has a balance of $90. On October 1, the accountant determines that the fund should be increased by $74. The journal entry to record the reimbursement of the fund on September 30 includes a:

Credit to Cash for $90.

Credit to Merchandise Inventory for $161.

Debit Petty Cash for $280.

Debit to Office Supplies for $85.

Credit to Cash for $370.

Answer
Debit to Office Supplies for $85.

Ferguson Co. has a $260 petty cash fund. At the end of the first month the accumulated receipts represent $49 for delivery expenses, $151 for merchandise inventory, and $18 for miscellaneous expenses. The fund has a balance of $42. The journal entry to record the reimbursement of the account includes a:

Ferguson Co. has a $260 petty cash fund. At the end of the first month the accumulated receipts represent $49 for delivery expenses, $151 for merchandise inventory, and $18 for miscellaneous expenses. The fund has a balance of $42. The journal entry to record the reimbursement of the account includes a:

Credit to Inventory for $151.

Debit to Cash Over and Short for $42.

Debit to Petty Cash for $260.

Credit to Cash for $218.

Credit to Cash Over and Short for $42.

Answer
Credit to Cash for $218.

A company’s inventory records report the following:

A company’s inventory records report the following:

August 1	Beginning balance	30 units @ $20
August 5	Purchase	25 units @ $19
August 12	Purchase	29 units @ $20

On August 15, it sold 60 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

$500

$2,016

$1,200

$480

$1,320

Units available for sale = 30 + 25 + 29 = 84 units
Units in inventory = 84 - 60 = 24 units
Cost of inventory = 24 * $20 each = $480

Lower respiratory tract disorders Complete the following paragraph to describe the disorders that affect the lower respiratory tract. Some choices may be used more than once.

Lower respiratory tract disorders

Complete the following paragraph to describe the disorders that affect the lower respiratory tract. Some choices may be used more than once.

Upper respiratory tract disorders Complete the following paragraph to describe upper respiratory tract disorders.

Upper respiratory tract disorders

Complete the following paragraph to describe upper respiratory tract disorders.

Correctly label the following structures in a typical human cell. Use the hints provided to distinguish the correct label for structures that are similar.

Structures found inside a cell

Correctly label the following structures in a typical human cell. Use the hints provided to distinguish the correct label for structures that are similar.