Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A transfer of funds initiated through a telephone, a computer, or magnetic tape is called an: a. auto-generated funds transfer. O b. electronic funds transfer.

image text in transcribedimage text in transcribed

A transfer of funds initiated through a telephone, a computer, or magnetic tape is called an: a. auto-generated funds transfer. O b. electronic funds transfer. O c. online funds transfer. O d. automated funds transfer. Omega Company sells computers. The total cash count for March 15 was $875. Omega maintains a Change Fund of $100. Which of the following is the journal entry to record the day's receipts? O a. Debit Cash by $875 and credit Sales by $875 Ob. Debit Cash by $775 and credit Sales by $775 OC. Debit Sales by $875 and credit Cash by $875 O d. Debit sales by $775 and credit Cash by $775

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practice Management With Auditing For Coders

Authors: Elsevier

1st Edition

0323482333, 978-0323482332

More Books

Students also viewed these Accounting questions

Question

3. Is it a topic that your audience will find worthwhile?

Answered: 1 week ago

Question

2. Does the topic meet the criteria specified in the assignment?

Answered: 1 week ago