...01: Grnlegg Not yet answered Marked out of 1.00 26 Chase Bank issued a...

60.1K

Verified Solution

Question

Accounting

image

...01: Grnlegg Not yet answered Marked out of 1.00 26 Chase Bank issued a Guarantee for Mr. Marley needed in his business by an amount of $34,000 for a period of nine months starts on August 1, 2014. The bank charged him insurance 30% of the Guarantee, in addition to 1% commission and $100 stamps. What is the amount will be recorded as guarantee fees ?when guarantee issued .a 141.6 O .b 255 113.3 .d 340

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students