Answer:
heuer7eguejeu7 said she had a good to
<span>A formal market for overnight loans of federal reserves is the federal funds market.
The federal funds market is the official market for overnight loans of federal reserves. The loans are only good for one day, which is why they are called overnight loans. They have a large requirement for approval process before they lend out money/loans.
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Answer:
4. No and Yes
Explanation:
On march 1, 2018 the paid in capital will increase by $20000 ($90000 - 7000×$10 )
The answer is embezzlement
Suzu has no right to deposits other's people money into her own account. By Doing this, Suzu has violated the trust that given by the credit union.
In United States' law, this type of behavior will be processed as a white collar crime and the punishment will be depended on the amount of money involved
The required journal entries are:
Income statement:
Operating expense:
Bad debts expense-----------------------$1,125
Balance sheet:
Current assets:
Accounts receivable $29,300
Less: allowance for doubtful accounts ($325)
Net realizable value $28,975
Where,
Ending accounts receivable = Beginning balance + Credit sales - Cash collection - Written-off
= $16,000 + $75,000 - $60,000 - $1,700
= $29,300
Ending allowance for doubtful accounts = beginning balance + Bad debts expense - written-off
= $900 + $1,125 - $1,700
= $325
Learn more about journal entries here brainly.com/question/23156395
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