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amm1812
3 years ago
12

A type of check that has a bank's guarantee of payment is a

Business
2 answers:
ziro4ka [17]3 years ago
6 0
I think it's a cashier's check...(Don't mark my words)
tresset_1 [31]3 years ago
5 0

Answer:

cashier's check.

Explanation:

The check is a document through which a bank is requested to pay a certain amount of money.

The cashier's check is a payment order that the bank makes so that it is cashed right there, or where appropriate, so that its amount is deposited in the bank account that the beneficiary has in that institution.

  It represents one of the forms of payment that offers greater security for those who charge it, because it guarantees that there are always funds to collect it.

The bank as an institution to which the issuance or preparation of the check is requested. The bank has the obligation to issue a cashier's check for the amount that the interested party has requested and must pay it upon receipt.

   The user, or buyer of the check, is the person who pays the bank, or makes the deposit for the amount for which the check was drawn up. It is the person who goes to the bank counter to request the purchase of a cashier's check.

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Which of the following skills do employers in any field expect their employees to have?
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Which is not a factor that can cause a change in supply?
sasho [114]

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business model is not a factor

Explanation:

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In capitalism what is pure competition?
inysia [295]

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3 years ago
On April 12, Hong Company agrees to accept a 60-day, 10%, $9,000 note from Indigo Company to extend the due date on an overdue a
emmainna [20.7K]

Answer:

The journal entry to be recorded for the payment of the note on date of maturity is shown below:

Explanation:

The journal entry to be recorded for the payment of the note on date of maturity is as follows:

Notes Payable A/c..........................Dr  $9,000

Interest expense A/c......................Dr  $148

            Cash A/c..........................................Cr  $9,148

Being payment of the note payable is reported on the maturity date

As on the day of the payment, the cash is going out of the business which means assets is decreasing and any decrease in assets is credited. Therefore, the cash account is credited. And the notes payable is paid so the notes payable account is debited and interest expense account will also be debited.

Working Note:

Interest expense = $9,000 × 10%  × 60/ 365

Interest expense = $148

3 0
3 years ago
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