A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM
<h3>What is Accounting?</h3>
This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about accounting here:
brainly.com/question/26243955
Answer:
Net loss -$1,390
Explanation:
The computation of the net income is given below:
Service revenue
On cash $1,530
ON credit $1,780
Service revenue $3,310
Less: Expense
Utilities expense -$70
Rent expense -$700
Salaries expenses -$3,260
Depreciation expense -$670
Total expenses -$4,700
Net loss -$1,390
Answer:
July 24 Cash $1470 Dr
Discount allowed $30 Dr
Account Receivable $1500 Cr
Explanation:
The receipt of payment for accounts due will cause a credit to accounts receivable for that particular debtor along with a debit to cash as payment is received. However, as there were some sales returns, the outstanding amount in the accounts receivble account was sales less sales returns that is 3100 - 1600 = 1500.
The terms state 2/10, n/30 which means 2% cash discount is allowed if payment is made within 10 days of sale. The payment is made within 10 days, as July 24 falls under this period so cash received will be 1500 * 98% = 1470.
While Accounts recevables will be reduced by 1500. The difference of 30 is discount allowed and it is an expense and will be debitted.
Answer:
Monthly Repayment on Loan = $2634.06
Explanation:
given data
principal = $552,000
annual interest rate = 4% = 0.333% monthly
solution
for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months
so now we apply here Monthly Repayment on Loan formula that is
Monthly Repayment on Loan = principal × 
.................1
put here value and we get
Monthly Repayment on Loan = 552000 × 
Monthly Repayment on Loan = $2634.06
Since Jeremy is a child, he will not take note of the proper thing to do but only do it in a simple way of how he is asked. It is likely that he will only place the weights in the balance without even considering the distance from the center of the scale. It is not likely that he would think of that because he is still a child.
