Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.

Jan. 15 Made Colaw credit card sales totaling $22,200. (There were no balances prior to January 15.)

20 Made Visa credit card sales (service charge fee 4%) totaling $6,300.

Feb. 10 Collected $11,600 on Colaw credit card sales.

15 Added finance charges of 3.5% to Colaw credit card account balances.

Journalize the transactions for Colaw Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date Account Titles and Explanation Debit Credit
Jan. 15Jan. 20Feb. 10Feb. 15

Jan. 20

Jan. 15Jan. 20Feb. 10Feb. 15

Jan. 15Jan. 20Feb. 10Feb. 15

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.

Match the steps for conducting an informational interview with the tasks in each step.

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.