9. Cheque deposited in bank $ 150 now returned. 10. Freight charges $ 50, paid on behalf of Mr. C adjusted against payments to be made to him for $200. 11. $ 10,000 transfer from Bank A to Bank B. Bank charges charged by Bank A $ 5/- 12. Annual factory rent of $ 12,000/- includes 3 months rent for the next financial period. 13. Outstanding electricity expense of $ 50 for the year 2017 paid in the year 2019. 14. $ 150 charged excess by the bank, now reversed.

9. Cheque deposited in bank $ 150 now returned. 10. Freight charges $ 50, paid on behalf of Mr. C adjusted against payments to be made to him for $200. 11. $ 10,000 transfer from Bank A to Bank B. Bank charges charged by Bank A $ 5/- 12. Annual factory rent of $ 12,000/- includes 3 months rent for the next financial period. 13. Outstanding electricity expense of $ 50 for the year 2017 paid in the year 2019. 14. $ 150 charged excess by the bank, now reversed.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.1DC: Reading 3M Companys Balance Sheet: Accounts Receivable The following current asset appears on the...

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