A revolving credit agreement is a guaranteed line of credit.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1.When one’s actions hurt us, we only experience that hurt in our minds. 2.Learning to forgive yourself is as important as learning to forgive others. 3.Men assume trust and rarely discuss it. 4.If we believe we can easily find another person to give us whatever a current partner is not providing, we are less likely to extricate ourselves from an unsatisfactory relationship and enter a new and potentially more rewarding one. 5.When online, not only do we display higher rates of trust, we also more readily share our personal information.
On October 1, 2019, Island Jewelry Company accepted a 4-month, 10% note for $2,400 in settlement of an overdue account receivable. Interest revenue was accrued through December 31, 2019. Island receives the maturity value of the note at maturity. Prepare the journal entry to record the collection. Omit explanation.
What will be an ideal response?
State one servant leader behavior that you most identify with and briefly explain why.
What will be an ideal response?
On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.30 per share. The journal entry to record the sale of the 3,500 shares of stock on November 17 is:
A. Debit Cash $102,550; credit Long-Term Investments-Trading $99,855; debit Gain on Sale of Long-Term Investments $2,695. B. Debit Cash $102,550; debit Loss on Sale of Stock Investments $2,445; credit Stock Investments $104,99. C. Debit Cash $102,550; credit Long-Term Investments-AFS $100,055; credit Gain on Sale of Long-Term Investments $2,495. D. Debit Cash $102,550; credit Long-Term Investments-Trading $99,855; credit Gain on Sale of Long-Term Investments $2,695. E. Debit Cash $102,550; credit Stock Investments $99,855; credit Gain on Sale of Stock Investments $2,695.