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Author Question: Proceeds from borrowing are a financing cash outflow. Indicate whether the statement is true or ... (Read 158 times)

misspop

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on: Jul 6, 2018
Proceeds from borrowing are a financing cash outflow.
 
  Indicate whether the statement is true or false

Question 2

San Jose Co establishes a Change Fund of 200 . At the end of the day, San Jose Co has 2,350 on hand. The journal entry to record the day's receipts would be
 a. Cash 2,350
  Income from Services 2,350
   b. Change Fund 2,150
  Cash 2,150
   c. Cash 2,150
  Income from Services 2,150
   d. Change Fund 2,350
  Income from Services 2,350


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tuate

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Right on time. Thanks a bunch.

Answer to Question 2

c


misspop

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

raenoj

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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