7) The bank statement included bank charges. On the bank reconciliation, the item is: A) an addition to the balance per company books. B) an addition to the balance per bank statement. C) a deduction from the balance per bank statement. D) a deduction from the balance per company books. 8) The bank would issue a credit memorandum to Maria's Life Management when the bank: A) received the deposits in transit. B) collects a note receivable from a customer. C) discovered a check that was deposited was returned for nonsufficient funds. D) None of these answers are correct. 9) How […]

11) In a database, a ________ is a column or group of columns that identifies a unique row in a table. A) field B) record C) file D) key 12) In a database, columns that are keys of a different table than the one in which they reside are known as ________ keys. A) foreign B) discrete C) relational D) continuous 13) Databases that carry their data in the form of tables and represent relationships using foreign keys are called ________ databases. A) foreign B) continuous C) relational D) discrete 14) In a database, a table is formally referred to […]

11) Myers Corporation exchanged an old machine costing $20,000, with an accumulated depreciation of $17,000, and trade-in value of $5,000 for a new machine cash price of $24,000. What is the journal entry? A) Debit Machinery $22,000; debit Accumulated Depreciation $17,000; credit Machinery $20,000; credit Cash $19,000 B) Debit Machinery $19,000; debit Accumulated Depreciation $17,000; credit Gain on Disposal of Plant Asset $3,000; credit Machinery $20,000; credit Cash $19,000 C) Debit Machinery $24,000; debit Accumulated Depreciation $17,000; credit Machinery $20,000; credit Cash $19,000; credit Gain on Disposal $3,000 D) None of these answers are correct. 12) Corbin Corporation has a […]

transportation negligence.

transportation negligence.