Nov. 1 Loaned $52,200 cash to C. Bohr on a 12-month, 7% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 8% note. Dec. 16 Received a $4,800, 180-day, 10% note to settle an open account from A. Murdock. Dec. 31 Accrued interest revenue on all notes receivable.

Dr Notes Receivable $52,200

Cr Cash $52,200

Dec. 11

Dr Notes Receivable $1,800

Cr Cash $1,800

Dec. 16

Dr Notes Receivable $4,800

Cr Accounts Receivable $4,800

Dec. 31

Dr Interest Receivable $637

Cr Interest Revenue $637

Step-by-step explanation:

Preparation of the journal entries

Nov 1

Dr Notes Receivable $52,200

Cr Cash $52,200

Dec. 11

Dr Notes Receivable $1,800

Cr Cash $1,800

Dec. 16

Dr Notes Receivable $4,800

Cr Accounts Receivable $4,800

Dec. 31

Dr Interest Receivable $637

Cr Interest Revenue $637

($609+$8+$20)

Working:.

Interest Revenue

Note that 1 Nov to Dec 31st will give us 2 months

=$52,200 x 0.07 x 2/12 =$609

Note that Dec 11 to Dec 31st will give us 20 days

=$1,800 x 0.08 x 20/360 =$8

Note that Dec 16 to Dec 31st will give us 15 days

=$4,800 x 0.10 x 15/360=$20

hello,

b) 62.47% of the students are between 14 and 18 years old.

step-by-step explanation:

mean = 15 and standard deviation = 2

student between 14 to 18

formula used z-score

for age 14 , z score

using z-table , p(z> -0.5)=0.3085

for age 18 , z score

using z-table , p(z< 1.5)=0.9332

p(-0.5< z< 1.5)=0.9332-0.3085 = 0.6247

thus, 62.47% of the students are between 14 and 18 years old.

click to let others know, how is it

0.0

0 votes

1

report

read more on -

step-by-step explanation: