Question

Does anyone here know Accounting?

Answer 1

what level of accounting

Answer 2

level one i think

Answer 3

what is your problem?

Answer 4

This is my problem and I'm having a terrible time with this
Match the terms:
Potential Matches:
1 :proceeds
2 :bank discount
3 :debit balance
4 :credit balance
5 :other revenue

Answer

normal balance of notes payable
normal balance of notes receivable
interest income
interest deducted in advance
face value minus bank discount

Answer 5

interest income is a type of revenue. It usally is listed under other revenue

Answer 6

notes payable normal side is credit making notes recivable devit

Answer 7

proceeds is the face value minus bank discount leaving bank discount interest deducted in advance

Answer 8

Thanks So SO much and i have one more question to finish this assignment do you think you could help me PLEASE

Answer 9

sure

Answer 10

Match the terms
Potential Matches:
1 :due date span extends more than one year from issuance
2 :no interest rate is stated on the note
3 :principal plus interest to be paid on the maturity date
4 :asset
5 :liability

Answer

non-interest bearing notes payable
interest bearing notes payable
notes payable
notes receivable
long-term liability

Answer 11

1. long-term liabilty
2. non-interest bearing note
3.interest bearing note
4. notes reciable
5. notes payable

Answer 12

do you know anything about trig?

Answer 13

Trig was super hard i passed with a low C. i dont know if im the right person to ask but i have to leave i will be back in 6.5 hours i could try and help you then :-) and i have several accounting assignments to do maybe we could exchange assignments

Answer 14

that could work but, im leaving also. i have no idea what time i will get back. I'll help you if need it when i get back