This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Individual amounts in the Accounts Receivable Credit column of a cash receipts journal are a. ... (Read 64 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jul 6, 2018
Individual amounts in the Accounts Receivable Credit column of a cash receipts journal are
 a. posted monthly to the accounts receivable ledger.
   b. posted monthly to the general ledger.
   c. posted daily to the accounts receivable ledger.
   d. posted daily to the general ledger.
   e. not posted.

Question 2

A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market value of  50,000 but the donor's basis was 45,000 . The trust fund will report
 
  a. additions of 50,000
  b. additions of 45,000
  c. capital contributions of 50,000
  d. capital contributions of 45,000
  e. None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

A


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

In middle childhood, children spend increasing amounts of time with peers and friends. In middle childhood, children spend increasing amounts of time with peers and friends.
Individual Tubule Functions Individual Tubule Functions
A pre-exercise meal must contain adequate amounts of carbohydrate A pre-exercise meal must contain adequate amounts of carbohydrate
Right lateral view showing low normal curves of the vertebral column Right lateral view showing low normal curves of the vertebral column
The Anatomic Dimensions of the Vertebral Column (Anterior, Left Lateral, and Posterior) The Anatomic Dimensions of the Vertebral Column (Anterior, Left Lateral, and Posterior)
Genome-wide SNP-based heritability for individual behavioral disorders Genome-wide SNP-based heritability for individual behavioral disorders
Video: Appendicitis Animation

For a complete list of videos, visit our video library