The correct answer would be B none of the others are relevant
Answer:
Explanation:
According to the scenario, the following transaction can be put in journal as follows:
Date Account Titles Ref. Debit ($) Credit ($)
Oct. 1 Cash $28,490
Common stock $28,490
Oct.2 No journal
Oct.3 Office furniture $3,276
Accounts payable $3,276
Oct.4 Account receivable $3,600
Revenue on service $3,600
Oct.5 Accounts payable $850
Cash $850
Oct.6 Salary expense $2,500
Cash $2,500
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Answer:
Utility expense is excess debited in accounting record by $ 180 and credted to cash by $ 180, So the journal entry to adjust the bank reconcilation would be
Cash debit $ 180, utilities credit by $ 180
Answer:
The question is missing the below options:
A) bank secrecy laws and the avoidance of paying taxes in other countries.
B) low wages, bank secrecy laws, and the avoidance of paying taxes in other countries.
C) the wide use of English and the large number of working students in the Cayman Islands.
D) the avoidance of paying taxes in other countries and the hiding of prostitution and capital crimes.
E) corporate greed and the hiding of unethical and illegal behaviors, including prostitution.
The correct option is A,bank secrecy laws and avoidance of paying taxes in other countries.
Explanation:
One key reason that makes outsourced offshore banking industry attractive is that money laundering and illicit trade deals prohibited by the bank secrecy laws are made possible by outsourcing offshore banking industry.
Anyone who wants to enjoy relaxed banking regulations as well as conceal the proceeds of ill-gotten wealth are naturally the advocates of such banking approach.
Popular offshore banking centers include the Cayman Islands,Mauritius,Dublin and so on
