It's most likely true. Anyone over 64 is typically considered a senior or elder.
the correct answer is $60,000
How Do I Open a Cash Account?
To balance an account, just add up its debit and credit sides, then subtract the smaller (with a lower total value) side from the bigger side. The balance of the account is the difference between the two sides.
Any securities transactions must be paid in full from monies in the account at the time of settlement if the account is a cash one with a brokerage company. Thus, with this form of account, short selling and buying on margin are prohibited. Cash accounts and margin purchases of securities are governed by Regulation T of the Federal Reserve. Investors have two business days to pay for security under this legislation. T+2 is the name of it.
A ledger in which all cash transactions are documented is referred to as a cash account or cash book in accounting. The cash account contains both the cash receipts and payments journals.
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Statement of owners equity is considered a link between the income statement and balance sheet. I think thats the answer your looking for
Answer:
See explanation section.
Explanation:
January 24, Allowance for doubtful accounts Debit $3,913
Accounts receivable Credit $3,913
To record the write - off of accounts receivable.
March 04, Accounts receivable Debit $3,913
Allowance for doubtful accounts Credit $3,913
To record the reinstatement of uncollectible from the receivable account.
March 04, Cash Debit $3,913
Accounts receivable Credit $3,913
To record the unexpected payment from madonna inc.
ANSWER: United States is said to be having a mixed economy.
