(Answered) On november 1 orpheum company accepted a 12500 90-day 33

Management Studies

On November 1, Orpheum Company accepted a $12,500, 90-day, 33% note from a customer to settle a past-due account. What entry should be made on November 1 to record the note acceptance?

Debit Note Receivable $12,500; credit Cash $12,500.

Debit Note Receivable $12,500; credit Accounts Receivable $12,500.

Debit Note Receivable $12,500; credit Sales $12,500.

Debit Cash $12,500; credit Sales $12,500.

Debit Sales $12,500; credit Accounts Receivable $12,500.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92579673
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

What is an example of a company suffering a loss as a

What is an example of a company suffering a loss as a result of an Internet-related physical risk. Describe what happened

Why did transportation costs fall before the civil war what

Why did transportation costs fall before the Civil War? What is the connection between the fall in the cost of transportation and the increase in industrialization before the Civil War?

Managing company morale and motivation in an era of dynamic

Managing company morale and motivation in an era of dynamic complexity The external environment - change in law:law, a new law that affects the company/their strategy/production (i.e. Maggi in India) ? making a change in ...

What is the relation between mrs marginal rate of

What is the relation between MRS (Marginal Rate of Substitution) and MRT (Marginal Rate of Transformation) at autarky equilibrium? Are they equal? Why?

Need guidance on coming up with a c program with a function

Need guidance on coming up with a C program with a function named randomBetween that returns a random floating point number between the two floating point limits you give it as arguments (lower limit first). In the final ...

How are the needs for affiliation intimacy and power

How are the needs for affiliation, intimacy, and power similar to and different from needs for inclusion, control and affection?

What are examples of structures that provide governancewhat

What are examples of structures that provide "governance"? What are examples of positions that provide "management"? How familiar are you with your organization's governance and management?

What are the challenges in implementing a healthcare

What are the challenges in implementing a Healthcare application in cloud environment? ((Need research reference links from research papers, at least 1 journal paper or 2 conference papers - The referred conference resea ...

May regions that voted to stay want to secede from the

May regions that voted to stay want to secede from the UK? What groups of people vote for it or against it and why? What economic effect did it have short-term and recently have on the UK? E.g., on the value of the Briti ...

Why do you think its important to use power verbs and

Why do you think its important to use power verbs and quantifiers on a resume.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert