OTA Corporation Completed the Following Transactions as Part of Its

question 66

Essay

OTA Corporation completed the following transactions as part of its sales/collection process.For each transaction, indicate the document(s) OTA would use.(Some transactions may require more than one document; other transactions may require no documents.) a.Sold consulting services for cash, $500.b.Sold merchandise with a cost of $100 on account for $300.c.Paid a common carrier $50 to ship the merchandise.d.Collected cash for sale on account, $200.e.Estimated bad debts for the year, $80.

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Definitions:

Sediment

Particulate matter that settles at the bottom of a liquid or is transported by water, wind, or ice.

Waterlogging

The saturation of soil with water, usually due to excessive rain or irrigation, which can lead to reduced oxygen availability for plants.

Irrigation

The artificial application of water to land to assist in the growing of crops and vegetation.

Soil PH

A measure of the acidity or alkalinity of soil, significantly affecting nutrient availability, microbial activity, and plant growth.