Need help with a deposit ticket I don’t know what to do with the last part Date:January 15, 20--Bills:$413.00Coin:24.25Checks: No.4-12389.00No. 80-318125.00No. 3-847.00DEPOSIT TICKET63-1209/631BILLS413.00COIN24.25WIZARD BANK3711 Buena Vista Dr.Orlando, FL 32811-13144-12389.0015125.00CНЕCKS80-318DateJanuary20 -CHECKS AND OTHER ITEMS ARE RECEIVED FOR DEPOSIT SUBJECT TOTHE TERMS AND CONDITIONS OF THIS FINANCIAL INSTITUTION'SACCOUNT AGREEMENT.3-847.00TOTAL FROM OTHER SIDESIGN HERE ONLY IF CASH RECEIVED FROM DEPOSITSUBTOTAL561CO63112094 0001632475LESS CASH RECEIVEDNET DEPOSIT998

Bill payable: It refers to the amount owed by the firm. It includes phone bill, electricity bill,…

Answered: Date: January 15, 20-- Bills: $413.00…

Date: January 15, 20-- Bills: $413.00 Coin: 24.25 Checks: No. 4-12 389.00 No. 80-318 125.00 No. 3-8 47.00 DEPOSIT TICKET 63-1209/63

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: In a system like QuickBooks Online, when should you create an invoice? a. When a customer…

A: There are two ways recording sales Transaction in Quick books. 1. If customer Do not pay at time…

Q: What is the billing and collection process flow? Group of answer choices 1. If the customer is a new…

A: Billing process flow involves many steps like setting up the product code then setting up customer…

Q: When you are making a purchase, what does it mean when the cashier asks, "Debit or Credit?" O You…

A: When purchase is generally done it may be done by using the immediate payment which is cash payment…

Q: How do companies account for gift cards?

A: Gift Cards Gift cards are one form of advance collection of revenues.

Q: You just posted a credit to Accounts Receivable. Which special journal did it come from? cash…

A: Sales are made on cash and credit basis. The amount to be collected from sales made on credit basis…

Q: Difference between sales receipts and invoices

Q: Prepaid Card Gift Card Peer-to-Peer Payment App Mobile Wallet a. A stores money that can be used to…

A: Customers pay for a product or service using one of several payment methods. Cash, gift cards,…

Q: Prepaid expenses are normally created as a part of the purchasing process. Prepaid energy bills,…

A: 1. To determine the accuracy of the remaining prepaid account balance, I would examine the following…

Q: NO 1 STATEMENT If the customer is to pay the shipping charges, the copy of the bill of indicate…

A: Goods - Goods are the items that businesses purchase and exchange. Goods might be unfinished…

Q: How are sales to customers using credit cards recorded?

A: Net sales means the amount of revenue earned and cost of goods sold means the cost of goods which…

Q: Question Content Area If a company accepts a major credit card such as Visa from a customer, then…

A: False

Q: Briefly described the differences between a credit, charger , debit & smart card

A: Credit card is the types of plastic cards which are generally issued by the banks for purchasing…

Q: Accounts receivable are customer payments. (increased/decreased) by credit sales and are Need help?…

A: ACCOUNTS RECEIVABLEAccounts Receivable represents the amount which will be receivable from the…

Q: answe Il only I only None of these and II

A: Ans. A cheque is a negotiable instrument which is endorsed and has many types : e. g. Crossed…

Q: Give an example of consumer credit and explain the process how it is processed from application to…

A: The customer is allowed to ask for credit in case of no availability of funds. The suppliers provide…

Q: what are account cash , account receivable, and inventory for Retro Vinyl

A: Sure, let's delve into the concepts of account cash, accounts receivable, and inventory, using Retro…

Q: credit

A: Credit card can be defined as a payment card where line of credit is provided to the customers. With…

Q: If a company is able to estimate the rate of redemption for gift cards, they should use the ________…

A: The objective of the question is to identify the appropriate accounting method for breakage when a…

Q: mounts received from the sale of gift cards should be recognized by the seller at the time of sale.…

A: False. This is because Amounts received from the sale of gift cards should not be recognize at the…

Q: In what way are sales to MasterCard and VISA customers recorded?

A: The Answer:

Q: Allows purchases beyond credit limit. This is referred to

A: Credit purchase limit terms are used in credit card cases. If any user of a credit card makes a…

Q: Which of the following is an advantage of using a credit card? O Your spending is limited to the…

Q: Where i can used credit union

A: Whenever a group of people collect deposits and use those deposits to give loans, it is known as…

Q: multiple choice question When special journals are used, a General Journal is still required…

A: Special journals means a book to be maintained for recording specific items like purchase , sale ,…

Q: N/R journal entries affecting the T-accounts for the allowance for doubtful accounts. Thank you for…

A: Date Description Amount Amount 01 Mar Z and Co. A/C .dr…

Q: If any discount is offered for early payment of invoice will be called as a. Cash discount b. Trade…

A: An early payment discount – also known as a prompt payment discount or early settlement discount /…

Q: How would you find the invoice amount of merchandise that was returned in

A: When the merchandise is returned, The invoice amount of return will be credited to the customer's…

Q: Debit Cash Credit Other Financing Sources What does this journal entry mean?

A: The meanings of different journal entries are presented hereunder :

Q: equest a

A: Manufacturing overhead rates refer to the regulated factory expenses designated for each unit of…

Q: f we pay our suppliers for supplies that we had previously purchased, we will need to ____ Accounts…

A: "Accounts payable" (AP) is a general ledger account that reflects a company's obligation to pay a…

Q: In the allowance method why when account receivable is write off, bad debt expense is not debited?

A: The allowance Method is an indirect method of writing off bad debts. It means setting aside a…

Q: MATCH WITH BEST ANSWER Accounts Receivable Insurance Having a client that does not pay can leave…

A: Accounts Receivable: It refers to the amount owed to a company by the external debtors of the…

Q: Fully understanding the contract terms of a loan or credit card is... Select one O A. Not very…

A: Understanding contract terms: It's important to fully understand the terms of a loan or credit card…

Q: the remittances received in the mailrrom should be forwarded directly to who? 1cashier 2billing…

A: The cash receipts system governs the procedure through which any cash inflows will be recorded in…

Q: Prepaid expenses are normally created as a part of the purchasing process. Prepaid energy bills,…

A: Prepaid expenses are normally created as a part of the purchasing process. Prepaid energy bills,…

Q: How did you get the discount on Note payable in JE number 2?

A: Truck #2Truck$14,727 Discount on Notes Payable$1,273 Cash $2,000 Notes Payable $14,000…

Q: for the journal entry what about record cash paid for frieght cost and record cash paid for…

A: Cost incurred before put in use of property plant, machinery should be capitalised in the cost of…

Q: How did you get the refund

A: Tax refunds :> the list of taxes which are paid to the Tax authorities are mentioned in Form…

Q: How do I get my card off here?

A: Hi. You can ask our support team for this.

Q: I don't understand how to record the charges to work in process. How do i calculate it

A: Work in process includes the intermediate goods which are yet to be finished in the manufacturing…

Q: Why is it important to review your checking account statement? What fees might this help you avoid?

A: Answer:- Account statement :- An account statement is a recurring list of transactions with a start…

Q: When does a company recognize revenue for a sale of a gift card?

A: Gift card: Prepayment which is made by the customer for the future purchase is known as a gift card.…

Q: What are the four things that affect your card-based credit costs?

A: A credit score is a number utilized by moneylenders to survey the likelihood of crediting cash to a…

Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

100%

Need help with a deposit ticket I don’t know what to do with the last part

Date:
January 15, 20--
Bills:
$413.00
Coin:
24.25
Checks: No.4-12
389.00
No. 80-318
125.00
No. 3-8
47.00
DEPOSIT TICKET
63-1209/631
BILLS
413.00
COIN
24.25
WIZARD BANK
3711 Buena Vista Dr.
Orlando, FL 32811-1314
4-12
389.00
15
125.00
CНЕCKS
80-318
Date
January
20 -
CHECKS AND OTHER ITEMS ARE RECEIVED FOR DEPOSIT SUBJECT TO
THE TERMS AND CONDITIONS OF THIS FINANCIAL INSTITUTION'S
ACCOUNT AGREEMENT.
3-8
47.00
TOTAL FROM OTHER SIDE
SIGN HERE ONLY IF CASH RECEIVED FROM DEPOSIT
SUBTOTAL
561
CO63112094 0001632475
LESS CASH RECEIVED
NET DEPOSIT
998

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Accounting for Cash and cash equivalents

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

I can't read the bottom part " expenses on what ? The hand writing is bad please help
Moving to another question will save this response. Question 5 The purchase of good on credit require: O A. Amount of payment O B. Timing of payment O C. Credit terms O D. All the answers are correct Moving to another question will save this response.
3. Discuss briefly how are customer’s note and own notes are discounted?
If a cash payments journal is supposed to save time spent writing, why are there so many entries in the Other Accounts Debit column?
Which of the following error will be a complete reversal of entries for the purchase of stationery for cash OMR 50 by the business? a. Debit Stationery OMR 50 and Credit Cash OMR 50 b. Debit Cash OMR 50 and Credit Purchase OMR 50 c. Debit Cash OMR 50 and Credit Stationery OMR 50 d. Debit Purchase OMR 50 and Credit Cash OMR 50
When do you need to use a credit repair service? Question content area bottom Part 1 A. Never, as they have no special powers to correct information on your credit report B. When you find an error on your credit report which is negatively affecting your score C. Only contact as a last resort to get information and help in order to avoid bankruptcy D. At the point that you need to work with the trustee in bankruptcy to develop a consumer proposal
How does a revolving line of credit work? Please do not copy and paste
Hi when it says "Contra against purchase ledger", it means it can be registered on both Sales and Purchase ledger accounts? or only Sales? What about if says "Sales in balance set off against purchase ledger "? Thanks
In which of the following ways do Fedwire payments differ from ACH payments? 1. Fedwire payments are always credit push. 2. Fedwire is an electronic payment method. 3. Fedwire payments typically cost the payer more to send. Give typing answer with explanation and conclusion
Which of the following is NOT a financial transaction? Purchase of inventory Cash receipts update valid vendor file Question 2 Which is the least appropriate type of transaction for a real-time system? air traffic control systems point-of-sale transactions airline reservations payroll
How to entre a credit cards
37-If any discount is offered for early payment of invoice will be called as a. Cash discount b. Any discount c. No discount d. Trade discount