Cory issued a note to his creditor in exchange for an account. cory records the transaction by debiting
a. notes payable and crediting accounts payable.
b. notes receivable and crediting accounts receivable.
c. accounts payable and crediting notes payable.
d. accounts receivable and crediting notes payable

In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.

You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank

Sole proprietorships produce more goods and services than does any other form of business organization.