Question
Problem 1. Ozark rented a new storage building starting Jan 1, 2017.The agreement is month to month but requires a 3-month notice for ending the
Problem 1. Ozark rented a new storage building starting Jan 1, 2017.The agreement is month to month but requires a 3-month notice for ending the rental. Ozark paid $3,000.$1000 is rent for January 2017 and $2,000 is a security deposit. Problem 2: The $7600 check for sale of the truck was dated January 2, 2017. The sales agent agreed to take the postdated check. The office manager did not notice the date when making the deposit, The bank has now returned the check and charged a $20 fee for a bad check. $17,100. Problem 3: Transfer $30,000 to money market Account. Problem 4: The bank notified Ozark that $1900 interest had been added to their money market account. Answer: Interest Payable 1900 Cash 1900. Problem 5: The bank notified Ozark that the credit card fees for sales made on credit cards was $64. That amount was deducted from the checking account.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started