ACC410 E18-19 - 28,000 (c) Cash.

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*EXERCISE 18-19 (a) Cash. ............................................................................. 28,000 Notes Receivable. ......................................................... 42,000 Discount on Notes Receivable     [$42,000 – (2.48685 X $14,000)]. ...................... 7,184 Revenue from Franchise Fees. ............................. 62,816 (b) Cash. ............................................................................. 28,000 Unearned Franchise Fees. ....................................
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Unformatted text preview: 28,000 (c) Cash. ............................................................................. 28,000 Notes Receivable. ......................................................... 42,000 Discount on Notes Receivable. .............................. 7,184 Revenue from Franchise Fees. ............................. 28,000 Unearned Franchise Fees ($14,000 X 2.48685). ......................................... 34,816 (Calculations rounded) 1...
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This note was uploaded on 10/27/2010 for the course FIN 82571 taught by Professor Sharp during the Fall '10 term at CSU Sacramento.

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