On June 30, 2021, the Esquire Company sold some merchandise to a customer for $30,000. In payment, Esquire agreed to accept a 6% note requiring the payment of interest and principal on March 31, 2022. The 6% rate is appropriate in this situation. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2021 interest accrual, and the March 31, 2022 collection. (Do not round intermediate calculations.) 2. If the December 31 adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over-or understated in 2021 and 2022

Answer: Check attachment

Explanation:

On 31st December 2021:

Interest accrued on 6% note was calculated as:

= $30,000 × 6% × 6/12

= $30,000 × 0.06 × 0.5

= $900

On 31st March, 2022:

Interest income was calculated as:

= $30000 × 6% × 3/12

= $30000 × 0.06 × 0.25

= $450

Check attachment for further information

Until the 2003 playoffs, NBA had used a best-of-five format for the first-round series, that is, the series would end as soon as one of the teams won 3 games. In other words, the first-round series would last 3,4 or 5 games. Obtain the probabilities for all the three possibilities by assuming that teams are equally matched and each game is independent.

What is the basic concept used to emphasize in aristotle's model of communication?​

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get into a better educational institution.
TRUE
FALSE

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OA.
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OB.
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• interest at 10% on beginning capital balances, and,
• remaining income or loss to be shared 60% by McGill and 40% by Smyth.

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when a natural disaster happens, what usually happens to stock prices?