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Essay

Accounting 101

Essay specific features

 

Issue:

Business

 

Written by:

Joshua J

 

Date added:

July 13, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 406

 

Was viewed:

10235 times

 

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Essay content:

As a lender I would see this as a positive. B.) The Cats and Dogs Company borrowed $2000.00 from the bank on March 1. This is a 1-year, 12% note, with both principal and interest to be repaid on February 28 of the next year. This shows in the balance sheet under liabilities. I think it's a positive that this is first a small loan, and second that The Cats and Dogs Company has made $900...
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I think it's a positive that this is first a small loan, and second that The Cats and Dogs Company has made $900.00 in revenue in its first month. I don't see why this loan can't be paid off on time, if not before it's due. C.) The company earned $900.00 in revenue. This shows in accounts receivable and is an asset...
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