Homework 3

Please help with the attached question    ​BR,

Question 11 What's used to validate the bank and credit card account balances on a balance sheet? Trial balance Transaction Detail report filtered by account Reconciliation reports O Cash flow projection Statement of Changes in Financial Position

Q- 4211 Which journal entry recognizes that an NSF check had been deposited by a company and returned by their bank? O Debit Cash and credit Accounts Receivable Debit Accounts Receivable and credit Cash O Debit Accounts Receivable and credit Accounts Payable O Debit Bank Service Charge and credit Cash

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A written order for a bank or other financialinstitution to pay a stated dollar amountto a specified business or person is called aa. check.b. deposit slip.c. notes receivable.d. receipt.e. debit memorandum

Question: 1. what is the correct source documents for credit sales by business X. option: a) invoice issued by business X. b) Receipts issued by business X. c) Bank credit advice. d) internal memo. e) cash sales slip. f) Cheque butt. g) credit note issued by business X. reqiured: please answer this question by choosing the right source document.

what is the entry for collection of receivable * O debit cash, credit accounts payable O debit cash, credit accounts receivable debit accounts receivable, credit cash O debit accounts payable, credit cash Submit

How effective is the organization in collecting its receivables?   Use the Hillside, Inc. Balance Sheet information in cells A2 through D18 and cells A21 through B38 to complete the Financial Performance Calculations in cells A40 through C60. Table 1: Hillside, Inc. Balance Sheet ($ in Millions)             ASSETS   LIABILITIES         Cash & Marketable Securities                 449.90 Accounts Payable  1,611.20       Accounts Receivable                 954.80 Salaries Payable     225.20       Inventories              3,645.20 Other Current Liabilities  1,118.80       Other Current Assets                 116.60 Total Current Liabilities  2,955.20         Total Current Assets              5,165.27               Other Liabilities     693.40       Machinery & Equipment              1,688.90           Land              1,129.70   Total Liabilities  3,648.60       Buildings              2,348.40           Depreciation               (575.60) SHAREHOLDER'S…

Notes Receivables & Accounts Receivables How are accounts receivables like notes receivables, in that notes receivables can be sold to other parties and are used to extend credit to customers? Please explain.

Select the item below which would be reported in the Operating Section of the Cash Flow Statement GST Refund Credit Sales Loan from Big Bank Wages Paid Cost of Sales Cash from Accounts Receivable