12 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 102 02 BANK CURRENCY DTH 62.000 121 02 SHARES OF FX RECEIVABLES 62.000 What transaction does the above record belong to? A) Acceptance of the policy by the bank B) Endorsement of the policy C) Returning the policy to the bank D) Payment of the policy by the bank E) Collection of the policy by the bank

12 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 102 02 BANK CURRENCY DTH 62.000 121 02 SHARES OF FX RECEIVABLES 62.000 What transaction does the above record belong to? A) Acceptance of the policy by the bank B) Endorsement of the policy C) Returning the policy to the bank D) Payment of the policy by the bank E) Collection of the policy by the bank

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11PB: Leann Company received the following bank statement. Using the information from PB11 and PB12,...

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3 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 121 02 Foreign Currency Receivables XXX120 02 Foreign Buyer XXXWhich transaction belongs to the journal entry made above?A) Submission of the policy for collection B) Refund record of the policyC) Acceptance record of the policyD) Guarantee record of the policyE) Registration of collection from foreign buyer
30.The process of selling a promissory note to a bank at any time before maturity is known as _____ a note. a.discounting b.lending c.maturing d.investing
Question 2 The following information was taken from the books of Zia Traders on 30 June2019:1. The items appearing on the bank reconciliation statement of Zia Traders asat 31 May 2019.Details Amount(R)Balance as per bank statement (unfavourable) 25 400Outstanding deposit 5 700Outstanding cheques:CHQ116 1 430CHQ135 2 780Correction of incorrect cheque (see note 2.5 below) 570Balance as per bank account ?2. A comparison of the cashbooks for June, the above bank reconciliationstatement and the bank statement for June showed the following:2.1 Provisional totals in the cashbooks on 30 June: Cashbook Receipts R 113 200 Cashbook Payments R 96 0002.2 The outstanding deposit at the end of May for R5 700 appeared onthe bank statement on 5 June 2019.2.3 Cheque number CHQ135 appeared on the bank statement on7 June for R3 100. An investigation revealed that the bankstatement amount was correct.2.4 Cheque number CHQ116 still did not appear on the bank statementfor June 2019. The cheque was…
12 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 320 SELLERS HS 45.000101 CHECKS RECEIVED HS 45.000 Which of the following transactions belongs to the journal entry?A) Check collectionB) Sellers debt payment by check turnoverC) Issuing a checkD) Sellers pay debt by issuing checksE) Returning the Check
What is the bank statement balance at June 30, 2023?a. P70,564.40b. P78,314.60c. P83,109.60d.. P87,904.60
Part 1. Prepare bank reconciliation for swing set company at march 31 2022
Prepare the journal entry to reconcile the bank statement in EB9.
Domingo Company received the following bank statement. Using PA9, prepare the bank reconciliation.
Leann Company received the following bank statement. Using the information from PB11 and PB12, prepare the bank reconciliation.
22. A cheque issued by the company but not presented to bank is known as ______. a. Deposit in transit b. Outstanding deposit c. All the options d. Outstanding cheques
MC37 In preparing its August 31, 2020 bank reconciliation, Jade Company has available the following information: Balance per bank statement, 8/31/2020 — P180,500 Deposit in transit,8/31/2020 — P32,500 Return of costumer's NSF check, 8/31/2020 — P6,000 Outstanding checks, 8/31/2020 — P27,500 Bank service charges for August — P1,000 At August 31, 2020, Jade Company's correct cash balance is? (with solution) a. P192,500 b. P185,500 c. P179,500 d. P178,500
1.4 Prepare the bank reconciliation statement on 31 May 2021.