Ask Question, Ask an Expert


Ask Business Management Expert

McNamme Juices sells products in the health-food industry. McNamme sold Johnny Mac merchandise for $5000 on account. Johnny Mac ran into a cash crunch and was able to pay only $1,200 in the prescribed period. Both parties agreed to satisfy the remaining balance with a six month note, at 13% interest, all payable at the end of the note.

Please record the appropriate journal entry establishing the note on McNamee's books.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M928833

Have any Question? 

Related Questions in Business Management

David meets goliath - negotiating with wal-martconsider a

David Meets Goliath - Negotiating with Wal-Mart Consider a situation where you are negotiating with Wal-Mart for your family farm's milk. Confronted with various hardball price challenges, what type of negotiation situat ...

Walmart assignmentdetailsin the final step for your

Walmart Assignment Details: In the final step for your strategic plan, determine the method you will use to evaluate how your strategic goal is being met. Include specific metrics that will be used to evaluate the succes ...

After watching the defective airbag maker takata faces

After watching the Defective Airbag Maker Takata Faces Grilling on Capitol Hill video, imagine you are the CEO of Takata and you receive notice that there have been several defective airbags that resulted in death or sev ...

Calculate the standard error of a regression equation if

Calculate the standard error of a regression equation if the sum of squared errors of the observations is 625 and the degrees of freedom in the regression is 25.

Article summary 1 - business tortsdetailsaccess the gcu

Article Summary 1 - Business Torts Details: Access the GCU Library. Locate an academic article published within the last 3 years that addresses some aspect of business torts. Write a summary of 500-750 words that address ...

Assignment managing risk - the human factorevaluate the

Assignment : Managing Risk - The Human Factor Evaluate the project you identified in more detail by completing the tasks listed below. Note that you will need to conduct further research on the project using the Internet ...

What is meant by a case when we do case studies we have to

What is meant by a case? When we do case studies, we have to figure out what is the case and what is X a case of? This concept is the heart at differentiating all other methods to a case study.

1 little brownie bakers the girl scout cookie baker must

1. Little Brownie Bakers, the Girl Scout Cookie Baker, must deliver 168,000 boxes of cookies per month. The shop produces batches of cookies requiring a setup time of 45 minutes for each production batch. Average standar ...

1 an elevator speech is an excellent way to convey your

1) An elevator speech is an excellent way to convey your skills while networking and seeking employment. Typically, an elevator speech is a one-minute summary of who you are, why you are qualified, and what you have to o ...

Assignment discussion-the power of groupsgroups may be both

Assignment: Discussion-The Power of Groups Groups may be both a boon (for example, they statistically outperform individuals) and a bane (for example, they take too long) of decision making. While they can systematically ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate