Author Question: A debit to Accounts Receivable for 50 and a credit to Cash for 50 would be an accurate journal entry ... (Read 104 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
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
Answer to Question 1

b

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

For a complete list of videos, visit our video library