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Financial Transactions
Page 3
Questions (150)
The company used $45,000 in cash to purchase land on the west side of Hatu Lake.
a. List the accounts impacted by the
1 answer
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Brian
528 views
The company borrowed $125,000 in cash from Far West Bank.
a. List the accounts impacted by the transaction. b. For each account,
1 answer
asked by
Brian
509 views
How are entries recorded for the declaration and payment of cash dividends.
A Corportation has 50,000 shares of common stock
1 answer
asked by
Wanda Floyd
695 views
I don't know if anyone is familiar with this or not, but i just need someones opinion. I have a critical thinking question and
1 answer
asked by
blondie
462 views
On 31 December 2015 the end of the reporting period, P Ltd holds an interest of 80% in S Ltd. On 2 January 2015, P Ltd sold
1 answer
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Freitas Corporation was organized early in 2009. The following expenditures were made during the first few months of the year:
At
4 answers
asked by
Bobbi Loffredo
1,574 views
on may 12, Scott accepted an $8000, 12%, 90 day note for a time extension of a bill for goods bought by ron. On june 12, scott
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help
1,180 views
Lisa owns a small business there was a loss of $14 on Monday and a profit of $18 on Tuesday on Wednesday there was a loss of $6
1 answer
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On Hune 1, Coble Company Ltd. borrows $40,000 from first Bank on a 6-month, $40,000, 9% note. The note matures on December 1.
a)
1 answer
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Sang
505 views
June:
1)Sold a house and collected a $6,000 commission. Ans: Cash (debit) Commission earned (credit) 2)Sold a building lot and
1 answer
asked by
Thara!
417 views
How do i do this practice math problem?
Julie Molony opened Julie’s Maids Catering Service on July 1, 2010. During July the
2 answers
asked by
JJ
674 views
A farmer bought a horse for $50.00
Then he sold it for $60.00 He had second thoughts about the horse, and he bought back the
5 answers
asked by
a...................
630 views
A lady buys goods
worth Rs.200 from a shop. (shopkeeper selling the goods with zero profit) .. The lady gives him 1000 rs note.
3 answers
asked by
faizanurrahman
625 views
The cash records of Oriole Inc. show the following situations:
Deposits in transit: 1. The June 30 bank reconciliation indicated
1 answer
asked by
Maya
596 views
A cellbphone company charges $10 per month for up to 500 text messages and $0.15 for each additional text message. Stanley was
3 answers
asked by
Emily
605 views
A transport company charges an artist $6 for each picture safety delivered but had to pay the artist $21 for every picture
2 answers
asked by
Bernice
561 views
An invoice of $12,000 is dated April 5. The terms 5/10,n/30 are offered. Find the amount due if the discount is earned. Show
2 answers
asked by
Allie
566 views
City Cellular purchased $28,900 in cell phones on April 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B.
2 answers
asked by
bella
538 views
hey i asked for help with accounting with a question i saw the same question at this site but when i click it it doesnt work is
2 answers
asked by
gary
566 views
On May 12, Bob Campbell accepted a $5,000 note in granting a time extension of a bill of goods bought by Rick Ween. Terms of the
2 answers
asked by
Diane
524 views
Sam and Rono bought similar radio cassettes from the same shop Sam bought her's for cash. Rono bought his on hire purchase terms
1 answer
asked by
Hoiliding
472 views
On december1 Doris opened a speech and learning clinic.during december,her firm had the following transaction involving revenue
1 answer
asked by
Lashun
449 views
Money was scarce during this time; people would ____________ to conduct their business instead of using money. (U3 Lesson 12
1 answer
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23 views
month of September 2002, the first month of operation.
a) Record the transactions in General Journal b) Post each entry to the
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asked by
Selam
55 views
Question
Suppose a primary dealer has an adequate reserve balance and enough cash on hand for issuing loans to customers. Select
1 answer
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Exercise 2: Mimi started a new business called Omo Company and completed the following transactions during November:
Nov.1 Mimi
1 answer
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Selam
36 views
Journal Commenced business with cash 10000
1 answer
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24 views
You can _______ at the bank.
(1 point) Responses cobrar un cheque cobrar un cheque sacar un libro sacar un libro llenar el tanque
1 answer
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Salam Optical is owned by Ali Salam. Salam Optical paid wages for
optical assistants. Select the transaction description: a.
1 answer
asked anonymously
52 views
Joshua charges $12.50 an hour for his tutoring services. He also charges the same rate for giving guitar lessons. On Saturday,
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When one party gives money to another party in exchange for a favor, this is considered a _____.
bribe offering investment
1 answer
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20 views
Fill in the missing word.
Debtors journal The business issues a ___ when selling goods on credit to customers. The ___ remains in
1 answer
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25 views
Question 2.1
The following transactions were taken from the books of Dingo Dry Cleaners for the month of February 20.22 1. The
1 answer
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25 views
Michaela liked learning about the financial aspects of entrepreneurship—including summarizing, interpreting, and communicating
1 answer
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25 views
A business writes a check to a supplier. However, there is an accounting error that the business owner is unaware of and there
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16 views
in the past year which of the following is true about remittance
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Due to increasingly easy forms of credit, some businesses are no longer taking cash. What disadvantage does this
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On 1 January, John invested his savings of K25000 and a personal bank loan of K40000 to start in the new business.
1. What
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In accounting, when receipts is greater than payment, is it credit or debit
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Slide 4: Forms of Financial Exchange
Explanation of cash, credit cards, electronic transfer, and debit cards.
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What are remittances?(1 point)
Responses a measure of the share of society not contributing as much economically, such as the
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17 views
Journal entries for payment transactions
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12 views
Money received and paid is recorded in
A. Cashbook B. Invoice C. Journal D. Purchase Day book E. Sales day book
1 answer
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Desi Brown
11 views
1. A debit entry may signify:
A a decrease in asset accounts B a decrease in liability accounts C an increase in equity accounts
1 answer
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10 views
Give example of sales return and allowance
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9 views
Transaction:
1. Inventory costing K3900 was sold on credit for K4450 2. Paid staff salaries K2500 What types of accounts, and
1 answer
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6 views
Give examples of sales return and allowance
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6 views
Give examples of transactions for sales return and allowance in accounting
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5 views
Use the image to answer the question.
A table shows six columns with two rows of headings, with 8 rows of alternating shading
9 answers
asked by
I'm that guy
18 views
Many governments that regularly transfer money to individuals—to provide supplemental incomes for senior citizens, for
1 answer
asked anonymously
8 views
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Parent Categories (19)
Accounting
Accounting and Finance
Accounting and Financial Management
Banking
Banking and Finance
Banking tasks
Business
Business and Finance
Business Planning
Business Transactions
Economics
Economics and Finance
Finance
Finance & Accounting
Finance and Accounting
Math
Mathematics and Finance
Money
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