Jill's credit card was stolen. The thief charged a $500 kayak before she reported it stolen. How much of the thief's purchase is Jill responsible for? A. $0 B. $100 C. $500 D. $50
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46. Jill's credit card was stolen. The thief charged a $500 kayak before she
reported it stolen. How much of the thief's purchase is Jill responsible for?
A. $0
B. $100
C. $500
D. $50
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- 40. What amount should be reported as cash on December 31, 2022? 40. Huston's Company had a checkbook balance on December 31, 2022 of P820,000 and held the following items: L Check payable to Huston dated January 4, 2023 included in the December 31 checkbook balance, P90,000. 11. Check payable to Huston dated December 28, 2022 and included in the December 31 balance, it was returned by the bank on December 30 marked NSF. The check was redeposited January 3, 2023 and is cleared January 5, 2023, P80,000. III. Check payable to Regina Mills, a supplier, dated January 3, 2023 was delivered on December 29, 2022, P65,000. This was excluded in the December 31 balance.10 - From whom is VAT charged when a receipt is made from the cash register?A) FROM THE TAX OFFICEB) FROM THE CUSTOMERC) FROM THE SELLERD) EMPLOYEEE) NO VAT TAXES37. 38. 39. Frank buys a classic Vegas chaise-longue from Sammy at a garage sale. Frank writes Sammy a check for $500 to pay for the chair. Sammy is the payee. the drawee. the drawer. none of the choices. a. b. C. d. Jack signs a check “pay to the order of Faye” drawn on Jack's account at Chinatown Bank. Jack has $500 in his account, but the amount of the check is $750, which the bank pays. This is a dishonored check. a. b. C. d. Alec writes a check drawn on Beetlejuice Bank for $250 "payable to Geena" on May 1. Alec dies on May 3. Geena presents the check to the bank on May 5. Unaware of Alec's death, the bank a. b. a cashier's check. an overdraft. a stale check. C. d. must certify the check. may pay the check. must consult with Alec's heirs before paying the check. can do nothing until Ian claims an interest in the account.
- H6. 31 P XYZ Co. decided to create a petty cash fund. They estimated that $100 would be needed in the fund. Choc entry to create the account from the following. O Petty Cash is debited for $100. O Cash is debited for $100. O Petty Cash is credited for $100. O Miscellaneous Expense is debited for $100.D. J. Fletcher, a trusted employee of Bluestem Products, found himself in personal financial dif-ficulties and decided to “borrow” $3,000 from the company and to conceal his theft. As a first step, Fletcher removed $3,000 in currency from the cash register. This amount repre-sented the bulk of the cash received in over-the-counter sales during the three business days since the last bank deposit. Fletcher then removed a $3,000 check from the day’s incoming mail; this checkhad been mailed in by a customer, Michael Adams, in full payment of his account. Fletcher madeno journal entry to record the $3,000 collection from Adams, but deposited the check in BluestemProducts’s bank account in place of the $3,000 over-the-counter cash receipts he had stolen.In order to keep Adams from protesting when his month-end statement reached him, Fletchermade a journal entry debiting Sales Returns and Allowances and crediting Accounts Receivable—Michael Adams. Fletcher posted this entry to the two general…In addition to keeping an eye on her inventory Rita is also a little bit worried about the amount of cash she has available. The most recent bank statement for Perfect Cover Insurance Brokers showed a credit balance of $11 232 but this seems quite different from her most cash at bank ledger which is showing a debit balance of $9 440. Following a review of her records, Rita has found that there were several items on the banak statement that she was unaware of and hand recorded including a direct deposit for $1988, a returned(dishonoured) cheque for $500 and account fees for $16. Rita has also notice the bank has not recorded the $1140 cash she received on the last day of the month (and hasn't actually deposited yet) or 3 cheques she wrote out last month for $544, $496 and $420. Complete a Bank Reconciliation for the month August.
- Question 10 The following items are wise to keep in a safety deposit box or fireproof home safe: (select all that apply) | birth, marriage, and death certificates receipts for small, non-tax-deductible purchases | titles and deeds expired warrantiesDebbie Dean issued a check to Betty Brown payable to the order of Cathy Cain and Betty Brown. Betty indorsed the check, “Payable to Elizabeth East, (signed) Betty Brown.” What rights, if any, does Elizabeth acquire in the check?7. Ms. Bushra write a cheque for RO 2000 in favour of Ms. Naseera on 10-02-2019 and gave it to Ms. Naseera the same day. Ms. Naseera left from Oman for a long tour and forgot the cheque. She came back to Oman on 15-07-2019. Immediately she recalled the cheque and visited the bank. Due to insufficiency of funds in Bushra’s account the bank had failed to pay the money. How will you deal with the situation?
- 40 Easa Saleh Al Gurg Group Careers established petty cash fund with OMR 300. The petty cash custodian spent OMR 270 on different petty expenses and preserved all the receipts in the cash box. Therefore the petty box of the company containing OMR 30 cash plus OMR 270 receipts. The cash custodian sent all the receipts to the accountant and accountant replenished the cash in the cash box. How much the accountant of the company replenished cash in the petty cash box? Identify the correct answer from the following given options. a. OMR 330 b. None of the given options c. OMR 300 d. OMR 2704) Mr. Raid is new businessman in Muscat. When dealing with the local suppliers, he was not given credit facility as he was new. He requested his bank to help him. The bank provided him with -----A vegetable vendor gave eight hundred grams of tomatoes to a lady who had asked for one kilogram of it. What type of unethical act you observe here? a. Riba b. Giving short measures c. Swearing d. Hoarding
