What is the business activity that's occurring for the customer? Describe the transaction in accounting terms. 40%Module Five Lesson One Practice One Source Document.pdfNo. 297$220.15PIEDMONT BUILDERS96-658/2581297Date: March 31, 20XX2543 Main StreetTo: Duke EnergyPiedmont, NC 29789Date: March 31, 20XXFor: Utilities (electric) - for monthPAY TO THEORDER OFDuke Energy2$220.15Balance Brought Forward:Amount Deposited:Subtotal:Bank Charges:28,890.87$4Two hundred twenty and fifteen/100Dollars28,890.87Bank of North CarolinaPiedmont, NC 29789Tary ColtaSubtotal:Amount of This Check:Balance Carried Forward:28,890.87MEMO: monthly electric utility bill220.15|: 064103338 |: 298530197|: 29728,670.72

Companies sometimes issue cheques for the Payment of certain expenses and to the Payment of their…

Answered: What is the business activity that's…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Paragraph Styles keep using Word without interruption, activate before Monday, 17 May 2021. Activate Expressive Youths is a non-profit youth club in the Corporate Area that engages its members in the buying and selling of paintings that are sold to public to provide income for the club. For the financial year ending December 31, 2020 the clerical officer of the club provided the following information in relation to the club's activities: Payments Electricity Purchase of television Purchase of paintings Refreshments, etc. Stipend for clerk Stationery 2$ 120,000 subscription 60,000 Sale of paintings 320,000 Refreshment, etc. sale Receipts 300,000 800,000 600,000 280,000 Donations 250,000 200,000 96,000 Other activities 50,000 I. Additional Information: () On January 1, 2020 the club had paintings valued at $350,000., while subscription in arrears at that date was $15,000 On December 31, 2020 the club owed $25,000 for electricity, while $10,000 was paid for stationery that was to be…
blem Set: ModX * CengageNOWv2 | On x * Cengage Learning B Milestone Two Guidel x G module 5 problem set X ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=. Lo еВook Show Me How Entries for notes payable Bennett Enterprises issues a $660,000, 45-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. 2 b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Previous Check My Work 56°F Mostly cloudy ヘ回。
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