Answer:
Debit: Accounts Receivable 707,350
Credit: Sales Revenue 658,000
Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350
Explanation:
Answer:
B. savings bank
Explanation:
Savings bank is defined as a bank which helps customers or people to invest or deposit in interest giving accounts that will give a long term investment.
Savings bank were started in Europe in the 19th century. Saving banks gives interest on the deposit amount that is why its is a for-profit institution for general public. The interest saving banks give by investing in government and corporate debt.
Hence, the correct answer is "B. savings bank".
Answer:
<em>Annual fee</em> - You pay $75 for the privilege of using your card for one year.
<em>Late payment fee </em>- You don't have the money to make your minimum payment one month.
<em>Balance transfer fee</em> - You pay what you owe on one credit card using your new credit card.
<em>Cash advance fee </em>- You take out $400 from an ATM using your credit card.
Explanation:
An annual fee is a common fee that every bank charges for the maintenance of your bank account with all cards attached to it.
A late payment fee is a punishment fee when you do not manage to pay the minimum payment of a borrowed amount during one month.
A balance transfer fee is when you transfer the debt from one credit card to another credit card.
A cash advance fee is the fee paid for withdrawing cash from the ATM that is not from your checking account. It is paid when you take the cash that is within your credit limit.
Answer:
In simple words, The general explanation is that efficiency gains do exist. Which lowers the cost of transport. In addition, as products are delivered to the facilities, one boat load will support more just one storage facility, lowering the expense of transport. In addition, as products are delivered to the facilities, one boatload will support rather than one supermarket, lowering the cost of transport.
Answer:
d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.
Explanation:
For tickets sold in advance, revenue is not recognized on those tickets until the matches have been played. As such, when payment was received for the tickets, the required entries were Debit Cash account and credit Deferred or unearned revenue.
When the matches are played, revenue is proportionately earned and recorded by crediting revenue and debiting deferred or unearned revenue.
For the 3 games played in September, revenue earned
= 3/8 × $240,000
= $90,000
