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 105 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
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ... Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ...
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
Experimental Apparatus Glass Distillation Column Experimental Apparatus Glass Distillation Column
Vertebral column. Avoid heavy pressure directly over spinous processes. Vertebral column. Avoid heavy pressure directly over spinous processes.
Prove the following arguments using the two-column format. Prove the following arguments using the two-column format.
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library