« 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 135 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?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Four entry sites for laproscopic cholecstectomy. Four entry sites for laproscopic cholecstectomy.
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ... Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ...
Attachment and cell entry by HIV. Attachment and cell entry by HIV.
The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ... The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ...
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library