6. A cheque for RO 2,000 is presented in the clearing on the 20-01-2020 for payment when the balance in the account is RO 550. The customer has a fixed deposit account with a bank for a sum of RO 1500

Q: account transaction for paid RM 850 to shah by cheque

A: Every transaction will be having both debit and credit entries  Paid through cheque will have bank…

Q: On July1, ABC Company borrows $100,000 cash from the First Bank. The terms of the loan are,…

A: A loan is a type of borrowing that is considered a liability for the business. Interest is recorded…

Q: Dab Company provides 1,200,000 of its account receivables to investment bank for notes 600,000 on…

A: The account receivables of a company are referred to as the amount that a company has to receive…

Q: Masaya Company is preparing its 2020 financial statement. The accounting period ends on December 31.…

A: Receivables are the current asset for the business.

Q: 1. Agogo Trading has the following account balances as at 30 June 2019. Account Receivable Provision…

A: Provision for doubtful debts is that account which is created for probable bad debt losses that can…

Q: . Journalize all entries for Symphony Bank related to the note for 2018 and 2019.

A:

Q: On 14 December 2021, Catz Zone Enterprise received the monthly bank statement for the month of N…

A: Bank Reconciliation Statement as at 30 November  2021   Particulars   Amount     Closing…

Q: Along trading has the following account balances as at 30 June 2018.   (RM) Accounts receivable…

A: For all the credit sales made, the entity wouldn’t get the receipt of the amount that the customers…

Q: 5. On October 1, 2021, Gomez Inc. assigns $1,600,000 of its accounts receivable to Ottawa National…

A: Finance charge (Interest expense ) = $1,600,000×2% = $32,000

Q: On 1/5/2019, the customer deposited an amount of (200,000) dinars as a fixed deposit for a period of…

A: Answer: Fixed deposit amount = 200000 dinars Interest = 200000*8%*6/12 = 8000 When ever any fixed…

Q: Fill out the check register that follows with this information for August 2019: LU 4-1(1) Aug 7…

A: In the given question we are provided with various deposit and payment details of checks.  Along…

Q: On October 1, 2025, Sheffield, Inc. assigns $1,160,700 of its accounts receivable to Tamarisk…

A: Journal Entry is the primary step in recording the transactions in the books of accounts.The…

Q: December 12, 2022: Received a $5,775, 120-day, 8 percent note from Jacques Alard to settle his…

A: A note receivable is simply a written commitment to receive a specified amount of money on a future…

Q: Kelly Jones and Tami Crawford borrowed $12.000 on a 7-month, 6% note from Gem State Bank to open…

A: The journal entries are prepared to record the transactions on regular basis. The adjustment entries…

Q: The ABC Company produced specialized software for a customer. It delivered the software on 1/1/2023.…

A: Since the question has multiple sub-parts, as per the guidelines only the first three sub-parts will…

Q: Crane Inc's bank statement from Western Bank at August 31, 2025, shows the following information.…

A: A Bank Reconciliation Statement is prepared to know the causes of the difference between the…

Q: What journal entry should be made to reflect the issuance of a $3,000 note to a creditor who has…

A: The issue is a journal entry that records the issuing of a $3,000 note to a customer. creditor who…

Q: a. From the following list of balances, prepare the Accounts Receivable Control Account for the…

A: Accounts Receivable: Accounts receivable indicates the amounts which company has not received from…

Q: al payment for the loan. The bank applied first the collection to the interest and the balance to…

A: Accounts Receivable :- Account Receivable are the balances of customers that have not paid their…

Q: compute the amount included in the "Trade and Other Receivable" of the entity's financial position

A: Trade receivables is the money that a company's clients owe it, because the company has made sales…

Q: Enter the following information into a manual journal with credits/debits:

A: The accrual basis of accounting is the method by which revenues and expenses are recognized when…

Q: S. Sunland Company had the following transactions involving notes payable. July 1, 2025 Nov. 1, 2025…

A: Note payable is a kind of loan that is repaid after a certain period of time with a specific rate of…

Q: The books of Blue moon bank as on 31/12/2019 showed the following information: Rebate on bills…

A: Rebate on bills discounted means discount received in advance.  It is portion of discount which…

Q: Required information [The following information applies to the questions displayed below.] On April…

A: Note payable is a financial instrument used to borrow money from the financial market. The interest…

Q: Mr. Salim has an overdraft limit of RO 40,000 with Bank Muscat. Today the debit balance in the…

A: Overdraft means that you don't have funds in your account but bank still provides you money.

Q: 4. AB company receives $10,000 for a 6 month, 8% note on 11/1/20. Prepare the journal entry for the…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: A credit card has a balance of P129,776.71 on March 1. The credit card holder paid P10,000 on March…

A: Data given: Balance as on March 1              = P 129,776.71 Amount paid on March 15        = P…

Q: ired of the probl

A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…