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

Author Question: Individual amounts in the Accounts Receivable Credit column of a cash receipts journal are a. ... (Read 147 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jul 6, 2018
Individual amounts in the Accounts Receivable Credit column of a cash receipts journal are
 a. posted monthly to the accounts receivable ledger.
   b. posted monthly to the general ledger.
   c. posted daily to the accounts receivable ledger.
   d. posted daily to the general ledger.
   e. not posted.

Question 2

A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market value of  50,000 but the donor's basis was 45,000 . The trust fund will report
 
  a. additions of 50,000
  b. additions of 45,000
  c. capital contributions of 50,000
  d. capital contributions of 45,000
  e. None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

A


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jul 6, 2018
:D TYSM

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Meiosis Accounts for Independent Assortment of Alleles Meiosis Accounts for Independent Assortment of Alleles
Divisions of the vertebral column. Divisions of the vertebral column.
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Column of Trajan Column of Trajan
Differences in brain metabolism in the brain of an unaffected individual (upper) and a schizophrenic Differences in brain metabolism in the brain of an unaffected individual (upper) and a schizophrenic
Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library