ACCT 230 500 (Acc 1)

West Texas A&M State University

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Intermediate Acc 1 - Hw Ch 7 (BE 1-13 & E 1-9) - Texas A&M University
  • Intermediate Acc 1 - Hw Ch 7 (BE 1-13 & E 1-9) - Texas A&M University

  • Study guide • 13 pages • 2020
  • Intermediate Acc 1 - Hw Ch 7 (BE 1-13 & E 1-9) BE7-1 Kraft Enterprises owns the following assets at December 31,2014 cash in bank-savings account $68000 cash on hand $9,300 cash refund due from IRS $31,400 checking account balance $17,000 posted checks $750 certificates of deposit (180 days) $90,000 What amount should be reported as cash? BE 7-2Restin Co. uses the gross method to record sales made on credit. On June 1,2014, it made sales of $50,000 with terms 3/15, n/45. On ...
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