two amts are added together for total cash. Now ,after reading chapter 6 again of the accounting manuel I don't think that is a correct proceedure even though it seems to work OK plus we get a small interest income from the Money Market fund our broker cash is invested in.If I need ...
allocation of finance income 财务收益分配allowance for losses on receivables 应收款损失备抵金alternative uses 改换用途地使用amenability to foreign investment 外国投资的易受控制程度amendment 修改amortization of deferred loan fees and related consideration 递延的贷款费和相关的报酬的摊销amortization schedule 摊销...
The total cost of the investment is the purchase price of nine hundred seventy-five thousand dollars plus the broker’s fees of twenty-five thousand. So, on January first, Matrix will debit the long-term investment account for held-to-maturity securities for one million dollars and credit ...
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If brokerage applicable, its always paid by the bank entity to broker through Payable GLs <Component>PAY (Payable) Brokerage Fee Payable <Component>INC Break Funding Fees Income <Component>EXP Break Funding Fees Expense SLT_RES_EXP Reserve Expense SLT_RES_LBY Reserve Liability ...
On July 31, 2014, Pierce paid $15,000 for legal fees in a successful defense of the patent. What is the total amount that should be debited to Patents through July 31, 2014?Entry field with correct answer $35,000 Some other amount $150,000 $185,000 ... If a company reports good...
Uses Direct Write-off or Allowance for Doubtful Debts Methods to write-off uncollectible debt. Step 5 – Recording Account Charges and Fees Factoring Expenses: How to record miscellaneous factoring account expenses such as mailing and wire fees. Factoring Administrative Fees: Steps to record adminis...
For clean reporting, company structure, and to comply with regulations, broker funds are not allowed to be put into the trust account, accept for $200 which is used to pay bank fees. Putting company (broker) money in the same account as money held in trust is called comingling. As you...
•Prepare annual tax-based distribution estimate for each Fund. •Other Tax Services •Prepare for execution and filing, the federal and state income and excise tax returns; •Prepare year-end broker/dealer reporting and prepare fund distribution calculations disseminated to broker/dealers; and...
"My current position is as a business broker. I became a PRO user of AccountingCoach because I wanted to learn bookkeeping as a side job during the pandemic. The site is laid out in a very logical way, and it's very easy to follow. I love that there are tests along the way to ...