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Bank Service Charges a. What is a bank service charge b. How does a business record bank

Accounting: First Year Course | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe ISBN: 9780078688294 416

Solution for problem 7 Chapter 11

Accounting: First Year Course | 1st Edition

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Accounting: First Year Course | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe

Accounting: First Year Course | 1st Edition

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Problem 7

Bank Service Charges a. What is a bank service charge? b. How does a business record bank service charges in its checkbook and in its accounting records?

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FEBRUARY 3, 2016 (Wednesday) Capter 5 Class notes Business Ownership and Entrepreneurship ­Small businesses (characterized as small business by SBA) Disney and Apple both started in a garage. All large businesses start small. Advantages: Independence, challenging, you are the BOSS! AVERAGE AGE of Entrepreneurs is similar to this graph: ­70% of Entrepreneurs are 25­44 years old. FACT: Woman own 66% of all home­based businesses MANY SMALL BUSINESS FAIL! (about 70% will fail within the first 2­10 years). Why do some small businesses fail ­Going into an unknown market without “Testing the water." ­Under estimating the TIME of building the market. ­Not enough MONEY capital

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Chapter 11, Problem 7 is Solved
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Textbook: Accounting: First Year Course
Edition: 1
Author: Glencoe
ISBN: 9780078688294

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Bank Service Charges a. What is a bank service charge b. How does a business record bank