The statements that are true about deposits is:
A. Deposits increase the checking account balance
C. Deposited money can be transferred electronically from one bank to another
E. You can deposit a greater amount than the balance in the account
D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.
B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.
The borrower will get a late fee for not paying on the due date.
Answer:
Depreciation for
2017 = $2,540
2018 = $10,160
Explanation:
Provided, Total cost of the machine = $77,980
Estimated salvage value = $6,860
Therefore, value to be depreciated = $77,980 - $6,860 = $71,120
Total life of asset = 7 years
Depreciation for the year 2017 = October to December = 3 months
Depreciation for the year 2018 = 
= $10,160
Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.
Final Answer
Depreciation for
2017 = $2,540
2018 = $10,160
Answer:
A. Reset the temporary accounts and update retained earnings.
Explanation:
This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.
Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.
Answer:
Explanation:
You press the plus sign on the bottom click the paper clip then pick camera then post it
