24 Received an invoice for repairs on car and paid P4,500. 25 Paid utilities expense, P1,750. 26 Paid P20,000 on the bank loan. 27 Received cash from Ms. Ferrer, P10,000.
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- 2 Alana Ray earned $35 doing house work, $25 babysitting, and $42.65 selling things on Offer Up. She put all but $15.50 into her checking account. What was her total deposit? 3 The club treasurer collected money from her members and made a deposit into their account at the end of the day. The deposit included 8 one dollar bills, 3 ten-dollar bills, 33 twenty-dollar bills, 3 one-hundred-dollars bills, 6 quarters, and checks totaling $150.25. What was the total deposit? 2 3QOn February 15th, Jody had $17,000 in her RRSP. On that same day, she made a contribution of $6,500, increasing the total to $23,500. On March 1st, the RRSP was credited with $1,500 in earnings, increasing the RRSP balance to $25,000. On March 15th, Jody went to the bank to withdraw RRSP funds to help her purchase her first home. Considering that Jody wants to deduct her February contribution, what is the maximum eligible amount she can withdraw from her RRSP under the Home Buyers’ Plan?Morgan won $2,315 at a work raffle. They deposited $1898.30 into their savings account. What percent of their winnings did they deposit into their savings account?
- Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past year. The A.P.R. on her credit card for the past year was 19.99%. Approximately how much interest would Louisa have paid over the course of the year? She would have paid interest charges of $2,000. She would have paid interest charges of $20. The credit card company would have paid Louisa $20. She would have paid interest charges of $200.11. During the month. the company paid for the monthly renta! of a dormitory. which is being occupied by the supervisor in the amount of P10,000. It also provided fringe benefit to a clerk amounting to P3,000. The deductible expense of the company is - P 15,692 12,692 а. C. 13,000 b. d. 7.200 CS Scanned with CamScannerHannah received an invoice in the mail from Carpet Country for $4235. The invoice was dated March 22 and had term 3/15, 2/20 , n/60. If she made payment of $1000 on each of April 2, April 9, and April 22, how much does Hannah still owe?
- ng gifts to sales contracts. Can Armelio deduct the cost of the lapel buttons as business gifts? 49. Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $250 fee to register for the conference, $300 per night for three nights' lodging, $200 for meals in restaurants, and $150 for cab fare. LO 1-2ASLEY is in the business of purchasing accounts receivable from businesses at a discount and then collecting them. Last year, she purchased a $30,000 account receivable for $25,000. This year, the account was settled for $25,000. How much loss can Peggy deduct and in which year? a.$5,000 for the prior year. b.$5,000 for the prior year and $5,000 for the current year. c.$5,000 for the current year. d.$-0- for the current year.Sara made 10 payments of $108.50 to the credit union. The original loan amount was $1000. After she had made all the payments, how much interest did she pay?
- June Peters deposits $6400 in a savings account at her bank. When she withdraws the money 8 months later, she receives a check for $6453.33. Assume simple interest and find the rate of interest paid by the bank.Judy Martinez, owner of Judy's Fashions,received a $12,000 tax refund. She depositedthe money in Chase Bank. The terms of theagreement are that she must leave the moneyon deposit for three years and the bank will payher 1 percent interest. Her account is aa. line of credit.b. certificate of deposit.c. checking account.d. commercial paper agreement.e. savings account.A car dealership sells a car to a customer for $35,000. The customer makes a 10% down payment, and the dealership finances the remaining 90% in-house. How much will the car dealership record in Accounts Receivable for this customer? A. $31,500 B. $19,250 C. $8,750 D. $7,000