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daser333 [38]
3 years ago
11

In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11

,815 were written. In November, $8,240 of these checks were presented to the bank for payment, and $10,655 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November? At the end of December? November December The amount of outstanding checks $enter a dollar amount $enter a dollar amount
Business
1 answer:
lara31 [8.8K]3 years ago
8 0

Answer and Explanation:

The computation of the outstanding checks is shown below:

For the November end

= Checks - presented in the bank

= $10,230 - $8,240

= $1,990

For the December end

=  Checks - presented in the bank + presented in th bank - checks

= $10,230 - $8,240 + $11,815 - $10,655

= $3,150

We simply applied the above formula

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The difference between a divine command view and authoritarian view is that the authority figure is different-Yes the statement holds true

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As per this point of view the  right and wrong are determined by a supernatural supreme being, whose will we discern from sacred texts and divinely inspired messengers.

<u>Authoritarian View</u>

An example of Authoritarian view is sentence like " I would follow the advise of an authority"

According to this view  the  right and wrong is decided by the authorities.The power of taking decision rest in the hands of a particular authority.

Downside of this view is that : authorities do not always reflect wisdom and not all authorities agree.

As you can see that the difference between the two view point is the authority figure.So the answer is True

8 0
3 years ago
At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun
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4 0
3 years ago
On January 1, 2020, Oriole Company had Accounts Receivable $137,400, Notes Receivable $24,000, and Allowance for Doubtful Accoun
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Answer:

Oriole Company

Journal entries:

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Debit Accounts Receivable (Sheldon Company) $20,000

Credit Sales Revenue $20,000

To record sale of merchandise, terms n/15.

Jan. 20

Debit Notes Receivable (Sheldon Company)  $20,000

Credit Accounts Receivable (Sheldon Company) $20,000

To record acceptance of 3-month, 8% note

Feb 18

Debit Notes Receivable (Patwary Company) $9,000

Credit Sales Revenue $9,000

To record sale of merchandise for a 6-month, 9% note

April 20

Debit Cash Account $20,400

Credit Notes Receivable (Sheldon Company)  $20,000

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To record full settlement on account

April 30

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Credit Interest on Notes Receivable $720

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May 25

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Credit Accounts Receivable (Potter Inc.) $5,200

To record acceptance of a 3-mont, 7% note.

Aug 18

Debit Cash Account $9,405

Credit Notes Receivable (Patwary Company) $9,000

Interest on Notes Receivable $405

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Aug 25

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Sept. 1

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To record sale of merchandise with a 6-month 10% notes receivable.

Dec. 31

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Credit Accumulated Depreciation - Equipment $

To record depreciation expense for the year.

Explanation:

Journal entries are prepared to record business transactions in the accounting books.  They show which account is to be debited and which is to be credited in the ledger.

Note that the book values of building and equipment were not included in this question, hence no figures were added to the adjusting journal entries for depreciation expenses.

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2 years ago
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Answer: Option E

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