« 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 172 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?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Meiosis Accounts for the Segregation of Alleles p1 Meiosis Accounts for the Segregation of Alleles p1
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
Electronic digital thermometers are accurate and easy to read. Electronic digital thermometers are accurate and easy to read.
The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ... The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ...
Marc Journal Marc Journal
Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library