13 - Which of the following transactions does the above record belong to ? a) Giving the checks received as collateral B) Payment of checks received NS) Getting a loan by endorsing the check D) Withdrawing a loan from the bank TO) The endorsement of the received check against the bank loan debt

13 - Which of the following transactions does the above record belong to ? a) Giving the checks received as collateral B) Payment of checks received NS) Getting a loan by endorsing the check D) Withdrawing a loan from the bank TO) The endorsement of the received check against the bank loan debt

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 4.13C

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13 -

Which of the following transactions does the above record belong to ?

a)	Giving the checks received as collateral

B)	Payment of checks received

NS)	Getting a loan by endorsing the check

D)	Withdrawing a loan from the bank

TO)	The endorsement of the received check against the bank loan debt

Debt
receivable
220.000
300 Bank Loans Hs.
220.000
101 Checks Received

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