« previous next »

Author Question: A debit to Accounts Receivable for 50 and a credit to Cash for 50 would be an accurate journal entry ... (Read 183 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jul 5, 2018
A debit to Accounts Receivable for 50 and a credit to Cash for 50 would be an accurate journal entry to record
 a. electronic funds transfers (EFTs).
   b. not sufficient funds (NSF) checks.
   c. petty cash.
   d. ATM deposits.

Question 2

For the month of June, Team Shirts, Inc., received 6,000 in contributed capital, 3,000 in sales revenue, paid 2,000 in expenses, and 500 in dividends. Its net income was ________.
 
  A) 9,000
  B) 7,000
  C) 1,000
  D) 500


xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
This depiction breaks stereotypes, but is historically accurate. Shown here is an Iroquois fort. Can ... This depiction breaks stereotypes, but is historically accurate. Shown here is an Iroquois fort. Can ...
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library