Which of the following transactions should be included on a bank deposit slip by a supplier?
Question:
Which of the following transactions should be included on a bank deposit slip by a supplier?
• Debit card sale of $125
• Daily cash sales of $2400
• Customer paid invoice of $450 by direct transfer to supplier’s bank account
• Credit card sale of $30
• Received cheque for $823 at time of sale from a customer
• Goods sold on credit for $380
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Out of the given transactionsthe following should be included on a bank deposit slip by a supplier I...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
Question Posted:
Students also viewed these Business questions
-
1) What is the initial default date for transactions when a company data file is opened? a. The source document date b. The current computer dates c. The date of the last transaction entered d. The...
-
A small consulting company wants to make the switch to QuickBooks Online. All of their expenses are paid at the time they are incurred, so there is no need to track bills in the system. There is only...
-
1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...
-
What types of costs should be considered in deriving the economic order quantity?
-
Does valuing a CDS using real-world default probabilities rather than risk-neutral default probabilities overstate or understate its value? Explain your answer.
-
A mixture of helium and neon gases has a density of 0.285 g/L at 31.0C and 374 torr. Find the mole fraction of neon in this mixture.
-
Discuss the ratios computed for Tyler Company in problems 13 through 16. What is your assessment of the performance and future potential of Tyler Company? Data From Problem 13:- The following reserve...
-
Read CVss note on commitments and contingencies in the Supplement to Chapter 16. What commitments and contingencies does the company have? Why is it important to consider this information when...
-
Selected transactions for Sunland Company are presented below in journal form (without explanations). Date Account Title Debit Credit May 5 Accounts Receivable 3,850 Service Revenue 3,850 12 12 Cash...
-
Identify a source and a control document that Chris Condie Computer Supplies could use for each of the following transactions: Transaction Repairs a customer's computer on credit Transfers monthly...
-
Identify, from the suppliers point of view, a source document and the information that should be used included on the document for each of the following transactions: the supplier receives cash from...
-
The purchased cost of a recently acquired heat exchanger with an area of 100 m 2 was $10,000. Determine The constant K in Equation (7.2) The cost of a new heat exchanger with area equal to 180 m 2 Ca...
-
The article says that international supply-chain constraints have now eased. In terms of aggregate supply (AS), explain how these supply-chain constraints would have affected the macroeconomy during...
-
An appraiser inspected a two story home 25' x 50', with a full unfinished basement and an attached single story garage on slab 24' x 36'. What is this building's GLA?
-
Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors interact with each other and suppliers and customers?
-
A firm has an opportunity to invest in a project to install new production equipment. It will cost them $1,500,000 upfront to purchase and install the equipment. The firms cost of capital is 7%. It...
-
4. For the following block of pseudocode: fox 0 to n fox jo to total total + purchase (i,j) end for wwww end for for k = 0 to n www. sum sum + (totalk) end for a) Count the number of critical...
-
Indicate which of the following costs should be expensed when incurred. (a) $13,000 paid to rearrange and reinstall machinery. (b) $200,000 paid for addition to building. (c) $200 Paid for tune-up...
-
You are standing at x = 9.0 km and your assistant is standing at x = 3.0 km. Lightning bolt 1 strikes at x = 0 km and lightning bolt 2 strikes at x = 12.0 km. You see the flash from bolt 2 at t = 10...
-
What are the effective annual interest rates for the following cash discount terms: ( a ) 1/10, net 20; ( b ) 1/5, net 10; and ( c ) net 25?
-
Why would a manufacturer offer a rebate instead of lowering the suggested list price?
-
How can a marketing manager change a firms F.O.B. terms to make an otherwise competitive marketing mix more attractive?
-
4-51. Draw the moment diagrams for the beam using the method of superposition. The beam is cantilevered from A. 3k 8 k-ft A 4 ft 4 ft 4 ft 2 k
-
Chuck, a single taxpayer, earns $75,200 in taxable income and $10,200 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will...
-
Checks BANK STATEMENT Deposits Other Balance Balance, September 1 $ 2,200 September 7 NSF check $ 100 2,100 September 11 $ 3,300 5,400 September 12 #101 $ 900 4,500 September 17 #102 1,900 2,600...
Study smarter with the SolutionInn App