On July 1, 2017, Collins Jewelers accepted a 3-month, 15% note for $6,000 in settlement of an overdue account receivable. Prepare the journal entry to record the acceptance of the note

What will be an ideal response


Notes Receivable 6,000
Accounts Receivable 6,000

Business

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Which of the following involves researchers delivering short questionnaires to people they approach in shopping malls or retail outlets?

A) drop-off interviews B) Delphi panels C) intercept interviews D) focus groups

Business

In what way did MPR enhance Wal-Mart's sales promotion of prescription medications?

A) Using MPR allowed Wal-Mart to halt all of its television advertising. B) Wal-Mart averted a public image crisis over high pharmaceutical prices. C) Doctors could once again prescribe generic drugs instead of brand-names. D) MPR and sales promotion together proved more valuable than sales promotion alone. E) Wal-Mart became the number one online dispenser of prescription medications.

Business

The ________ is a GATT scheme that allows developing states to grant tariff preferences to each other without having to grant them to developed states

A. National treatment rule B. Generalized System of Preferences C. South-South Preferences D. Escape clause

Business

One question you should ask yourself when you collect research is What does the receiver need to know about this topic?

Indicate whether the statement is true or false

Business