Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 Sylvia draws a check on ABC Bank payable to the order of Ann Smith, Ann indorses it and deposits it in First Bank.

image text in transcribed

Question 11 Sylvia draws a check on ABC Bank payable "to the order of Ann Smith," Ann indorses it and deposits it in First Bank. Ann's bank is a: Oa drawee bank Ob. payee bank Oc collecting bank Od payor bank (4 points) Time remaining 24:10 Not Yet Answered Question 12 Barry presents to Wake Bank for deposit in his account a check for $100 made out to him by Richard. Wake Bank provisionally credits Barry's account on Monday, when is payment final? O a Automatically at the end of the third business day. Ob. Midnight Tuesday Oc. When Richard's bank receives the check Od. When the $100 has been collected from Richard's bank. (4 points) Not Yet Answered Time remaining: 2418 3:30 PM

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

More Books

Students also viewed these Accounting questions

Question

12.6 Analyze the emerging emphasis on employee recognition.

Answered: 1 week ago