Create a visual diagram of the U. S. Banking System and a glossary of terms Portfolio Details
Complete the following:
your diagram. Be creative in this activity. Pretend you
1. Create a diagram of the U. S. banking system and the Federal Reserve System Include special financial services of the banking system
have been asked to teach the structure and interrelationships of the systems to someone else.
2. List and define all terms contained in the diagram created in step 1.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)