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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In order to maintain the profit level of the product to the channel member and keep the product on the shelves, the marketing manager uses ________ to compensate for the decline in sales

A) price-oriented promotions B) product-oriented promotions C) special events D) horizontal promotions

Business

The five categories of activities (operation, transportation, inspection, delay, and storage) are used in which of the following methods of process analysis?

A) multiple-activity chart B) process chart C) capital budgeting D) flow diagram

Business