Prepares a deposit slip and takes the cash to the bank

Assignment Help Accounting Basics
Reference no: EM13517708

Cash Receipts
Mary opens the mail each day; sorts the cash receipts and the invoices to be paid and logs them in the appropriate logs. Mary records the receipts on customers account in the cash receipts journal and in the accounts receivable subsidiary ledger. After recording all the cash receipts, she prepares a deposit slip and takes the cash to the bank.

Reference no: EM13517708

Questions Cloud

Explain the concentrated solution use to prepare solution : Aqueous ammonia is commercially available at a concentration of 16.0 M. How much of the concentrated solution would you use to prepare 300.0mL of a 1.40 M solution
Determine the wavelength of the waves on the string : A 10.0-m long string is moved up and down with simple harmonic motion with a frequency of 33 Hz. Determine the wavelength of the waves on the string
How many alarm calls did the agency have in2004 : How many alarm calls did the agency have in2004 - what month and year did most occur? Do you see any patterns here? Elaborate
Find the resistance of conducting solution in this geometry : A circular pan of radius b = 10.10 cm has a plastic bottom and metallic side wall of height h = 2.20 cm . It is filled with solution of resistivity 2.20 ?·m. find the resistance of the conducting solution in this geometry
Prepares a deposit slip and takes the cash to the bank : Prepares a deposit slip and takes the cash to the bank.
Define solution which ions are expected to hydrolyze : Please tell for each individual solution which ions are expected to hydrolyze (if any) and what the spectator ions are
Evaluate the total energy of the system : A 0.50-kg mass is attached to a spring of spring constant 20 N/m along a horizontal, frictionless surface. What is the total energy of the system
Prepare an accrual basis income statement for the year : Prepare an accrual basis income statement for the year
State what is the boiling point of a solution : What is the boiling point of a solution produced by adding 510g of cane sugar (molar mass 342.3g/mol ) to 2.1kg of water. For each mole of nonvolatile solute, the boiling point of 1kg of water is raised 0.51 degrees celsius.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Companies usually prepare an adjusting journal entry to

companies usually prepare an adjusting journal entry to accrue warranty expenses. when this is done the warranty

  Prices for transactions between the investment centers

From an organizational point of view, two approaches to transfer pricing are (a) to let the managers of profit centers bargain with one another and arrive at their own transfer prices

  Johnson company operates two plants plant a and plant b

johnson company operates two plants plant a and plant b. last year johnson company reported a contribution margin of

  Computing yearly production numbers

A company produces and sells pillows. It expects to sell 10,000 pillows in the year 2012 and had 1,000 pillows in finished goods inventory at the end of 2011.

  Calculate the amount of overhead costs applied to production

Calculate the amount of overhead costs applied to production if the predetermined overhead rate is $4 per direct labor hour and 1,200 direct labor hours were worked.

  Objective questions

When confirming accounts payable, emphasis should be put on what kind of accounts?  Which of the following situations indicates a potential material weakness in internal control over acquisition and expenditure?

  Describe the significance of recognizing the time value of

describe the significance of recognizing the time value of money in the long-term impact of the capital budgeting

  Finding net capital gain or loss

What is her net capital gain or loss for 2010 and, if there is a net capital loss, how much of the loss and what type of loss carries over to 2011?

  Calculate the expected cash balance at the end

Minimum cash balance is $2,500. Cash can be borrowed in $1,000 increments from the local bank (assume no interest charges). Calculate the expected cash balance at the end of April, assuming that cash is received only from customers and that $15,00..

  If her interest rate is 7 compounded annually determine the

jackie is considering buying a 2014 tesla model s costing 69900 and finds that the retaining values of the vehicle over

  What should be the noncontrolling interest expense

what should be the noncontrolling interest expense in the consolidated financial statetemes of parminter?

  What would the stock price be just after the dividend shares

The company also declared and paid a 10% stock dividend on its common shares. When the stock dividend was declared, 1 million common shares were outstanding, and the market price of common stock was $135 per share.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd