Show all work for Full Credit ! On December 1, 2014, Parsons Sales sold machiner
ID: 2346838 • Letter: S
Question
Show all work for Full Credit !
On December 1, 2014, Parsons Sales sold machinery to a customer tor $2,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 12% interest. How much interest revenue was earned for the entire term of the note? $180 $90 $75 $160 Target allows customers to use MasterCard They report sales of $24,000 for the week MasterCard charges Target a 3% fee. The journal entry for this transaction would be: A company has the following account balances. What is the acid-test ratio? (Please round to two decimal places.) .70 1.06 .94 .91Explanation / Answer
1) 2000*12%*9/12 = 180 answer 2) A 3) 0.91 happy to help