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Anonymous

Feb 14, 2025

XYZ Company completed the following selected transactions:

XYZ Company has completed the following selected transactions:

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3 Answers

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Anonymous

Feb 16, 2025

                                            2018Date    Account Tiles                          Debit$       Credit$Jul.1     Notes receivable- Gp-Mart     43,000                  Sales                                                     43,000Oct.31  Cash                                         23,000                   Sales                                                     23,000  Dec.31  Interest Receivable                 3,440                      Interest revenue                                   3,440                (43,000*16%*6/12)Dec.31   Bad Debt Expense                 4,200                       Allowance for Bad Debt                    4,200                 (14,900 - 10,700)                                            2019Date    Account Tiles                                Debit$     Credit$Apr.1     Cash                                             48,160                       Notes receivable- Gp-Mart                   43,000                       Interest Revenue                                   1,720 (43,000*16%*3/12)                     Interest Receivable                                3,440  Jun.23  Note Receivable- Allure, Corp   7,000                       Sales                                                        7,000  Aug.22  Accounts receivable -Allure, Corp 7,070                      Note Receivable- Allure, Corp                7,000                       Interest revenue                                      70 (7,000*6%*60/360)Nov.16Note receivable - Tench . Inc     20,000                     Cash                                                           20,000  Dec.5      Cash                                             7,070                        Accounts receivable -Allure, Corp          7,070  Dec.31     Interest Receivable                     200                      Interest revenue                                        200                  (20,000*8%*45/360)
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A
Anonymous

Feb 16, 2025

the answer is 10c + 6b = 32step-by-step explanation:
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