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

Author Question: Accompanying the bank statement was a credit memo for a short-term note collected by the bank for ... (Read 189 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jul 5, 2018
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for thecustomer. What entry is required in the company's accounts?
 a. debit Notes Receivable; credit Cash
  b. debit Cash; credit Miscellaneous Income
  c. debit Cash; credit Notes Receivable and Interest Revenue
  d. debit Accounts Receivable; credit Cash

Question 2

Cash from operating activities includes ________.
 
  A) all cash receipts and all cash disbursements for long-term business assets
  B) all cash receipts and all cash disbursements for loans, contributions from owners, and distributions to owners
  C) all cash receipts and cash disbursements for routine sales and payments made in the course of doing business
  D) detailed estimates of the sources of cash and uses of cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

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

c

Answer to Question 2

C


WWatsford

  • Member
  • Posts: 539
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

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 use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com
The nurse needs to note the source of the patient health history The nurse needs to note the source of the patient health history
Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Asthma Treatment

For a complete list of videos, visit our video library