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Trava [24]
1 year ago
7

A customer comes into its local bank branch and tries to withdraw a large amount. the bank tells him that it has ""insufficient

resources"" to comply with his request at the time. this is an example of:__________.
Business
1 answer:
Ratling [72]1 year ago
4 0

A customer comes into its local bank branch and tries to withdraw a large amount. the bank tells him that it has ""insufficient resources"" to comply with his request at the time. this is an example of <u>Federal Law.</u>

<u></u>

FDIC Law, Regulations, Related Acts is a collection of laws, rules, declarations of policy, and other legal documents pertaining to banking. It contains the FDIC Act, FDIC rules.

FDIC statements of policy, and other relevant laws and rules pertaining to banking. Not all legislation and rules pertaining to insured depository institutions are intended to be presented in this document.

To learn more about FDIC Law here

brainly.com/question/12816361

#SPJ4

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Determine which revision of each the following sentences provides the most clarity.
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Answer:

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Explanation:

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Below are the transactions for Salukis Car Cleaning for June, the first month of operations.
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Answer:

Part 1

June 1

Debit : Cash $53,000

Credit : Bank Note $53,000

June 2

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June 10

Debit : Supplies $6,300

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June 12

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June 30

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June 30

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Part 2 & 3

Cash : Debit Side - $53,000 + $23,000 + $3,300, Credit Side - $58,000 + $730 + $330+ $780+ $1,230+$430 = $17,800 (debit)

Bank Note : Debit Side  - Credit Side  - $53,000  = $53,000 (credit)

Common Stock : Debit Side - Credit Side - $23,000 = $23,000 (credit)

Equipment : Debit Side - $58,000 Credit Side - = $58,000 (debit)

Supplies : Debit Side - $6,300 Credit Side - = $6,300 (debit)

Accounts Payable : Debit Side - Credit Side - $6,300 = $6,300 (credit)

Service Revenue ; Debit Side - Credit Side - $3,300 + $4,300 = $7,600(credit)

Salaries : Debit Side - $730 + $780 Credit Side - = $1,510 (debit)

Advertising : Debit Side - $330 Credit Side - = $330 (debit)

Accounts Receivables : Debit Side - $4,300 Credit Side - = $4,300 (debit)

Utility Bill : Debit Side - $1,230 Credit Side - = $1,230 (debit)

Dividends : Debit Side - $430  Credit Side - = $430 (debit)

Part 4

<u>Trial Balance as at 30 June</u>

                                                  Debit                 Credit

Cash                                        $17,800

Bank Note                                                         $53,000

Common Stock                                                 $23,000

Equipment                            $58,000  

Supplies                                  $6,300

Accounts Payable                                              $6,300

Service Revenue                                                $7,600

Salaries                                     $1,510

Advertising                                 $330

Accounts Receivables            $4,300

Utility Bill                                  $1,230

Dividends                                   $430

Totals                                    $89,900            $89,900

Explanation:

The Accounting Process starts with recording transactions in the Journals. The Journals are then posted to the Account Affected and the balances of those Accounts are determined. The trial Balance is then prepared by extracting these balance to find the Debit and Credit Totals to check mathematical accuracy.

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Output/Input (APEX) <--------

Explanation:

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