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5 3 2 0 0 0 Cimpany x sells 5 9 0 0 of merchandise on account to Company Y with credit terms of 2
Cimpany sells of merchandise on account to Company with credit terms of A II Company Y remits a check taking advantage of the discount offered, what is the amoint of Company Ys check?
a
b
c $
d $
Company X purchased marketable securities at a cost of $ during and classified as trading securities At the end of their market value totaled $ Value of securities as reported in the balance sheet of and unrealized gain loss related to the account respectively are:
$ and Zero.
b $ and Zero.
c $ and $ gain
d $ and $ loss.
br accounting purposes, postdated checks checks payable in the future are considered to
Cash Equivalent.
ish.
ty cash.
unts receivable.
ing entry
cts two balance sheet accounts.
s two income statement accounts.
a balance sheet account and an income statement account.
: a compound entry.
fund has cash of $ and receipts of $ The short in cash is:
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