(0.5 points) Opening a bank account 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) Getting a department store or gas card 3. What is debt services default? (0.5 points) its the failure to make a payment.
What is the name of the bank or credit union? (0.5 points) Bank of America b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) Three facts about savings account at Bank of America are 1.low minimum deposit of 25 dollars 2.
(0.5 points) Use Credit Wisely 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) Secured Credit 3. What is debt services default? (0.5 points) Is the failure to make a payment, such as a scheduled mortgage payment or the finance charge on a credit card 4.
c. Money orders, postdated checks, personal checks, time deposits. d. Silver coins, money orders, demand deposits, personal checks. 5. Which of the following methods of accounting for uncollectible accounts
The year-end bank reconciliations are usually extensive audit and using analytical procedures are test for reasonableness of cash balances. Auditor will compare ending balances on bank reconciliation, deposits, any outstanding checks, and other reconciliation items. In order to audit any cash in the bank, the
Which accounts have debit or credit balances. 4. The difference between cash-basis versus accrual-basis of accounting. 5. The meaning and implications of using FIFO, LIFO, and weighted average cost-flow assumptions.
long-term capital loss. business casualty loss. Question 3. 3. (TCO I) Under the cash method of tax accounting, tax deductions are generally taken when: (Points : 5) the liability arises.
Soelistio - Capital 1/9 Cash at Bank $ 2,000,000 Cash at Bank 2/9 Building 3/9 Furniture 3/9 Cartage 4/9 Supplies 5/9 Equipment $ 500,000 $ 83,000 $ 100 $ 7,000 $ 5,000 + 2/9 Cash at Bank Building $500,000 Furniture 3/9 Cash at Bank $83,000 Supplies 4/9 Cash at Bank $7,000 Equipment 5/9 Cash at Bank $5,000 Cartage 3/9 Cash at Bank $100 + Chart of Accounts Revenue 1101 1102 1103
Brandon Smith 9/26/2014 Study Questions 1 Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) Two things financial planning could help me do is Identify Goals and Spending Priorities.
You sell a few shares of stock and put the proceeds into your savings account. b. You sell a few shares of stock and put the proceeds into your checking account. c. You transfer money from your savings account to your checking account. d. You discover $0.25 under the floor mat in your car and deposit it in your checking account.