Prepare the journal entries to record the three notes receivable for Brew It Again Ale Co. for 2015 fiscal year.

On July 1, 2015, Brew It Again Ale Co. sold excess land in exchange for a three-year, non-interest-bearing promissory note in the face amount of $530,000. The land’s carrying value is $250,000.

On September 1, Brew It Again Ale rendered services in exchange for a six-year promissory note having a face value of $500,000. Interest at a rate of 3% is payable annually.

For both transactions, the customers are able to borrow money at 11% interest. Brew It Again Ale’s cost of capital is 7.4%.

On October 1, 2015, Brew It Again Ale agreed to accept an instalment note from one if its customers, in partial settlement of accounts receivable that were overdue. The note calls for five equal payments of $12,000, including the principal and interest due, on the anniversary of the note. The implied interest rate on this note is 12%.


a. Prepare the journal entries to record the three notes receivable for Brew It Again Ale Co. for 2015 fiscal year.

b. Prepare an effective-interest amortization table for the instalment note obtained in partial collection of accounts receivable. Brew It Again Ale’s year-end is December 31. Prepare the year-end journal entry and the first cash payment entries for the first year.

c. From Brew It Again Ale’s perspective, what are the advantages of an instalment note compared with a non-interest-bearing note?

find the cost of your paper

Explain the standards of pediatric nursing care as they relate to caring for many and his family

Recall 3 year-old Manny, at the beginning of the chapter, who has & a seizure disorder. He receives his care in a mobile van sent to his community by the….

Describe the use of family- centered care principles in planning casey’s nursing care in collaboration with the family .

Think about Casey and his family from the beginning of the chapter. Case-(s family is coping with his initial survival of a serious brain injury, and facing a long rehabilitation….

create a family pedigree for Sarah based on the family information she has  provided, What does the pedigree  reveal, and what nursing  actions would you plan for Sarah?

Recall 17·year-old Sarah from the chapter opening scenario. While at the sports clinic for a routine physical, she questions the nurse about the likelihood that she will acquire Hunting10n disease…..