Answer:
Cash account balance $5,680
- bank service fees ($47)
- NSF check ($190)
+ customer's note receivable $560
<u>+ interest earned $66 </u>
adjusted cash account balance $6,069
Dr Bank fees expense 47
Cr Cash 47
Dr Accounts receivable 190
Cr Cash 190
Dr Cash 560
Cr Notes receivable 560
Dr Cash 66
Cr Interest revenue 66
Answer: c. $ 7,000
Explanation;
Homeowners who list the house they own as their primary place of residence are entitled to a tax exemption from the full cash value of $7,000.
This thus enables them to make savings on taxes paid every year. The home as previously alluded to, must be occupied by the owner and not rented nor vacant for one to qualify for this tax exemption.
Answer:
Answer is explained in the attachment.
Explanation: