Brendan signs a check “pay to the order of City College Bookstore” drawn on his account...
Brendan signs a check “pay to the order of City College Bookstore” drawn on his account in Delta Bank to pay for his current semester’s textbooks. The bookstore deposits the check in its account in Eagle Bank. The check is
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Homework Answers
OPTION A: a type of draft
EXPLANATION:
Check is type of draft in which drawee is always a bank
Add Answer to:
Brendan signs a check “pay to the order of City College
Bookstore” drawn on his account...
11. Ivy signs a check payable to Jon and gives it to him. Jon indorses the...
11. Ivy signs a check payable to Jon and gives it to him. Jon indorses the back of the check by signing his name, and transfers the check to Ked. To negotiate the check to Luis, Ked must a. write "Ked" on the back. b. write "pay to the order of Luis [signed] Ked" on the back. c. deliver the check to Luis. d. obtain Luis's signature on the back. 12. Rollo obtains a check payable to his order from...
QUESTION 48 Nero siens a check pay to the order of Olive drawn on Nero's account...
QUESTION 48 Nero siens a check pay to the order of Olive drawn on Nero's account in Piumank-ove Sians the back of the check. Secondary baby on the check entends to Nero and Olive only. Nero and Plum Bank only. Nero only. Plum Bank only.
QUESTION 16 A post-dated check is a negotiable instrument. True False 3 points QUE...
QUESTION 16 A post-dated check is a negotiable instrument. True False 3 points QUESTION 17 A bank that certifies (in other words, accepts) a check has what type of liability for the payment of the check? A. Secondary. B. Accommodation liability. C. Primary. D. None. 3 points QUESTION 18 Real defenses, in the context of negotiable instruments, include A. duress that makes the contract void. B. illegality that makes the contract void. C. discharge in bankruptcy. D. all of the...
26–1. Indorsements. A check drawn by Cullen for $500 is made payable to the order of...
26–1. Indorsements. A check drawn by Cullen for $500 is made payable to the order of Jordan and issued to Jordan. Jordan owes his landlord $500 in rent and transfers the check to his landlord with the following indorsement: “For rent paid, [signed] Jordan.” Jordan’s landlord has con- tracted to have Deborah do some landscaping on the prop- erty. When Deborah insists on immediate payment, the landlord transfers the check to Deborah without indorse- ment. Later, to pay for some...
QUESTION 3 Bob is angry at his company XYZ Corp. since his annual bonus was too...
QUESTION 3 Bob is angry at his company XYZ Corp. since his annual bonus was too small. Bob who has authority to sign checks on behalf of XYZ decides to get even by creating an employee, Steven Even. Bob writes a check to Steven on XYZ's checking account, signs it and then he indorses it with Steven's name and deposits it an account he has opened in Steven Even's name and the check clears. XYZ finds out and wants to...
Sal brings a stale check to his bank on June 1, 2003. The check is dated...
Sal brings a stale check to his bank on June 1, 2003. The check is dated September 1, 2002. The bank: Multiple Choice can honor the check while acting in good faith. owes a duty to honor the check. cannot honor the check, since it is more than six months old. must honor the check if it is otherwise properly payable. Which of the following requires tenants to be married to each other? Tenancy by the entirety Tenancy in...
Check my work Revenues are normally recognized when the company transfers promised goods or services in...
Check my work Revenues are normally recognized when the company transfers promised goods or services in the amount the company expects to receive. The amount recorded is the cash-equivalent sales price. The following transactions occurred in September: a. A popular ski magazine company receives a total of $11,545 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint. b. On September 1 of the current year, a bank lends $1,500 to a company,...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
DULU Instructions a Prenare a bank reconciliation and make the journal entries to update the account...
DULU Instructions a Prenare a bank reconciliation and make the journal entries to update the account Music-Is-Us as of December 31, 2018. b. Prepare the adjusting entry to update the company's marketable securities portfolio mark-to-market value. c. Prepare the adjusting entry at December 31, 2018, to report the company's accounts recei able at their net realizable value (i.e., total amount receivable, less estimated allowance uncollectible accounts). d. Prepare the entry to account for the guitars missing from the company's inventory...
WHEN 19-YEAR-OLD MICHAEL Dell began selling personal computers out of his college dorm room in 1984,...
WHEN 19-YEAR-OLD MICHAEL Dell began selling personal computers
out of his college dorm room in 1984, few would have bet on his
chances for success. In those days, most computer makers sold their
PCs through an extensive network of all-powerful distributors and
resellers. Even as the fledgling Dell Computer Corporation began to
grow, competitors and industry insiders scoffed at the concept of
mail-order computer marketing. PC buyers, they contended, needed
the kind of advice and hand-holding that only full-service channels...
QUESTION 48 Nero siens a check pay to the order of Olive drawn on Nero's account in Piumank-ove Sians the back of the check. Secondary baby on the check entends to Nero and Olive only. Nero and Plum Bank only. Nero only. Plum Bank only.
QUESTION 3 Bob is angry at his company XYZ Corp. since his annual bonus was too small. Bob who has authority to sign checks on behalf of XYZ decides to get even by creating an employee, Steven Even. Bob writes a check to Steven on XYZ's checking account, signs it and then he indorses it with Steven's name and deposits it an account he has opened in Steven Even's name and the check clears. XYZ finds out and wants to...
Check my work Revenues are normally recognized when the company transfers promised goods or services in the amount the company expects to receive. The amount recorded is the cash-equivalent sales price. The following transactions occurred in September: a. A popular ski magazine company receives a total of $11,545 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint. b. On September 1 of the current year, a bank lends $1,500 to a company,...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
DULU Instructions a Prenare a bank reconciliation and make the journal entries to update the account Music-Is-Us as of December 31, 2018. b. Prepare the adjusting entry to update the company's marketable securities portfolio mark-to-market value. c. Prepare the adjusting entry at December 31, 2018, to report the company's accounts recei able at their net realizable value (i.e., total amount receivable, less estimated allowance uncollectible accounts). d. Prepare the entry to account for the guitars missing from the company's inventory...
WHEN 19-YEAR-OLD MICHAEL Dell began selling personal computers
out of his college dorm room in 1984, few would have bet on his
chances for success. In those days, most computer makers sold their
PCs through an extensive network of all-powerful distributors and
resellers. Even as the fledgling Dell Computer Corporation began to
grow, competitors and industry insiders scoffed at the concept of
mail-order computer marketing. PC buyers, they contended, needed
the kind of advice and hand-holding that only full-service channels...
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