Brewer inc. is owed $200,000 by carol co. under a 10% note with two yearsremaining to maturity. due to financial difficulties carol co. did not pay the prioryear’s interest.
brewer agrees to settle the receivable (and accrued interest) inexchange for a cash payment of $150,000.

the journal entry that brewer would maketo record this transaction would include a loss on troubled debt restructuring of:

a.$0.

b.$20,000.

c.$50,000.

d.$70,000

d.$70,000

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!