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X1 Sudent Portal | Main X Third Party Resource | LCS Learni X O WileyPLUS enwileyplus.com/edugen/Iti/main.uni IS Kieso, Intermediate Accounting, 17e Help I System Announcements CALCULATOR PRINTER VERSION 1BACK EXTH Exercise 7-14 (Part Level Submission) On December 31, 2020, Flint Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Flint Co. agreed to accept a $318,100 zero-interest- bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Flint is much more creditworthy and has various lines of credit at 5%. (a) Prepare the journal entry to record the transaction of December 31, 2020. for the Flint Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 ridinat answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS 2INK TO TET LIK TO TEXT Attempts: 0 of 5 used e Accounting, 17e ncements Exercise 7-14 (Part Level Submission). List Of Accounts - Google Chrome A edugen.wileyplus.com/edugen/shared/assignment/test/achart.unizitemid=EAT_15449614 iry Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Equity Investments Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land ted nt UNTS IK TO 1 Loss on Disposal of Investment Loss on Sale of Receivables Maintenance and Repairs Expense Miscellaneous Expenses question ouestion must be completed io crder This part will be availae en

X1 Sudent Portal | Main X Third Party Resource | LCS Learni X O WileyPLUS enwileyplus.com/edugen/Iti/main.uni IS Kieso, Intermediate Accounting, 17e Help I System Announcements CALCULATOR PRINTER VERSION 1BACK EXTH Exercise 7-14 (Part Level Submission) On December 31, 2020, Flint Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Flint Co. agreed to accept a $318,100 zero-interest- bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Flint is much more creditworthy and has various lines of credit at 5%. (a) Prepare the journal entry to record the transaction of December 31, 2020. for the Flint Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 ridinat answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS 2INK TO TET LIK TO TEXT Attempts: 0 of 5 used e Accounting, 17e ncements Exercise 7-14 (Part Level Submission). List Of Accounts - Google Chrome A edugen.wileyplus.com/edugen/shared/assignment/test/achart.unizitemid=EAT_15449614 iry Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Equity Investments Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land ted nt UNTS IK TO 1 Loss on Disposal of Investment Loss on Sale of Receivables Maintenance and Repairs Expense Miscellaneous Expenses question ouestion must be completed io crder This part will be availae en

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3TCL: CONDUCTING A FINANCIAL RATIO ANALYSIS ON HP INC. Use online resources to work on this chapters...
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X1 Sudent Portal | Main X Third Party Resource | LCS Learni X O WileyPLUS enwileyplus.com/edugen/Iti/main.uni IS Kieso, Intermediate Accounting, 17e Help I System Announcements CALCULATOR PRINTER VERSION 1BACK EXTH Exercise 7-14 (Part Level Submission) On December 31, 2020, Flint Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Flint Co. agreed to accept a $318,100 zero-interest- bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Flint is much more creditworthy and has various lines of credit at 5%. (a) Prepare the journal entry to record the transaction of December 31, 2020. for the Flint Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 ridinat answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS 2INK TO TET LIK TO TEXT Attempts: 0 of 5 used
Transcribed Image Text:X1 Sudent Portal | Main X Third Party Resource | LCS Learni X O WileyPLUS enwileyplus.com/edugen/Iti/main.uni IS Kieso, Intermediate Accounting, 17e Help I System Announcements CALCULATOR PRINTER VERSION 1BACK EXTH Exercise 7-14 (Part Level Submission) On December 31, 2020, Flint Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Flint Co. agreed to accept a $318,100 zero-interest- bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Flint is much more creditworthy and has various lines of credit at 5%. (a) Prepare the journal entry to record the transaction of December 31, 2020. for the Flint Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 ridinat answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS 2INK TO TET LIK TO TEXT Attempts: 0 of 5 used
e Accounting, 17e ncements Exercise 7-14 (Part Level Submission). List Of Accounts - Google Chrome A edugen.wileyplus.com/edugen/shared/assignment/test/achart.unizitemid=EAT_15449614 iry Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Equity Investments Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land ted nt UNTS IK TO 1 Loss on Disposal of Investment Loss on Sale of Receivables Maintenance and Repairs Expense Miscellaneous Expenses question ouestion must be completed io crder This part will be availae en
Transcribed Image Text:e Accounting, 17e ncements Exercise 7-14 (Part Level Submission). List Of Accounts - Google Chrome A edugen.wileyplus.com/edugen/shared/assignment/test/achart.unizitemid=EAT_15449614 iry Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Equity Investments Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land ted nt UNTS IK TO 1 Loss on Disposal of Investment Loss on Sale of Receivables Maintenance and Repairs Expense Miscellaneous Expenses question ouestion must be completed io crder This part will be availae en
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