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Rotel Purchased Merchandise from TechCom on October 17,2014

Question 94

Multiple Choice

Rotel purchased merchandise from TechCom on October 17,2014.TechCom accepted Rotel's $4,800,90-day,10% note as payment.TechCom has a December 31st year end.What entry should TechCom make on January 15,2015 when the note is honoured?


A)
Rotel purchased merchandise from TechCom on October 17,2014.TechCom accepted Rotel's $4,800,90-day,10% note as payment.TechCom has a December 31<sup>st</sup> year end.What entry should TechCom make on January 15,2015 when the note is honoured? A) B) C) D) E)
B)
Rotel purchased merchandise from TechCom on October 17,2014.TechCom accepted Rotel's $4,800,90-day,10% note as payment.TechCom has a December 31<sup>st</sup> year end.What entry should TechCom make on January 15,2015 when the note is honoured? A) B) C) D) E)
C)
Rotel purchased merchandise from TechCom on October 17,2014.TechCom accepted Rotel's $4,800,90-day,10% note as payment.TechCom has a December 31<sup>st</sup> year end.What entry should TechCom make on January 15,2015 when the note is honoured? A) B) C) D) E)
D)
Rotel purchased merchandise from TechCom on October 17,2014.TechCom accepted Rotel's $4,800,90-day,10% note as payment.TechCom has a December 31<sup>st</sup> year end.What entry should TechCom make on January 15,2015 when the note is honoured? A) B) C) D) E)
E)
Rotel purchased merchandise from TechCom on October 17,2014.TechCom accepted Rotel's $4,800,90-day,10% note as payment.TechCom has a December 31<sup>st</sup> year end.What entry should TechCom make on January 15,2015 when the note is honoured? A) B) C) D) E)

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