Bill Gates has said that "XML is the lingua-franca of the Internet Age."
Indicate whether the statement is true or false
TRUE
Business
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Universal, Inc. purchased 500 units of inventory at $25 per unit by payment of cash. Provide the journal entry to record the purchase of inventory. (Assume a perpetual inventory system.)
What will be an ideal response
Business
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
Business