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Author Question: A debit to Accounts Receivable for 50 and a credit to Cash for 50 would be an accurate journal entry ... (Read 122 times)

codyclark

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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

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

C


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