edee Flashcards
1
Q
A 90 day, 12% note for $20,000 is received from a customer on account. What are the
journal entries to record the issuance of the note and the receipt at maturity
A
Depit Notes recievable
Credit accounts recievable
2
Q
Add Deposits in trasnsit
A
Bank
3
Q
Subtract Outstanding Checks
A
Bank
4
Q
Corrections in bank errors
A
Bank