Question

9. A note receivable in the amount of $100,000 plus interest of $1,500 was paid-off by...

9. A note receivable in the amount of $100,000 plus interest of $1,500 was paid-off by the borrower. Assets = Liabilities + Stockholders' Equity Statement of Cash Flow = + Common Stock + Retained Earnings REV - EXP - DIV = + + - - 100,000 -10,000 N/A -1,500 10. A new client discusses various payment options

  1. A note receivable in the amount of $100,000 plus interest of $1,500 was paid-off by the borrower.

Assets

=

Liabilities

+

Stockholders' Equity

Statement of Cash Flow

=

+

Common Stock

+

Retained Earnings

REV

-

EXP

-

DIV

=

+

+

-

-

100,000

-10,000

N/A

-1,500
  1. A new client discusses various payment options.

Assets

=

Liabilities

+

Stockholders' Equity

Statement of Cash Flow

N/A

N/A

=

N/A

+

Common Stock

+

Retained Earnings

REV

-

EXP

-

DIV

=

+

N/A

+

N/A

-

N/A

-

N/A
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Answer #1
Assets = Liabilities + Stock holder's equity Statement of cash flow
Cash Note Receivable Common stock + Retained earnings
REV - Exp - Div
101,500 -100,000 1,500 101,500, Operating activities
Assets = Liabilities + Stock holder's equity Statement of cash flow
Common stock + Retained earnings
REV - Exp - Div
N/A N/A N/A N/A N/A N/A N/A N/A

A new client discusses various payment.

Options --- It will not be recorded anywhere since, no transaction is entered into.

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