![]() ![]() 31 - Received$2,700 cash from customers in payment of account (no discount allowed). Term Definition topography: the physical arrangement of the Earths surface: climate: the average pattern of weather over a 30-year period in a specific region. 26 - Received collections in full, less discounts, from customers billed on December 17.ĭec. Metes and bounds is a system used by land and quantity surveyors to describe land and real estate properties using accurately measured angles, distances, and directions based on the magnetic north. The cost of the merchandise sold was$10,000.ĭec. Metes and bounds are types of measurements used in land surveying. To start the process of measuring, identify the. ![]() 12 - Purchased merchandise on account from Vance Co.$12,000, terms 1/10, n/30.ĭec. One of the difficulties of the metes and bounds system is that the landmarks originally described may have changed since the survey was written. 7 - Received $3,600 cash from customers in payment of account (no discount allowed).ĭec. On December 1, 2017, Fullerton Company had the following account balances.ĭebit Credit Cash $ 18, 200 Accumulated Depreciation - Notes Receivable 2, 200 Equipment $ 3, 000 Accounts Receivable 7, 500 Accounts Payable 6, 100 Inventory 16, 000 Owner’s Capital 64, 400 ‾ Prepaid Insurance 1, 600 $ 73, 500 ‾ ‾ Equipment 28, 000 ‾ $ 73, 500 ‾ ‾ \begin\\Ĭash Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Debit $18, 200 2, 200 7, 500 16, 000 1, 600 28, 000 $73, 500 Accumulated Depreciation Equipment Accounts Payable Owner’s Capital Credit - $ 3, 000 6, 100 64, 400 $73, 500 ĭuring December, the company completed the following transactions.ĭec. a climate located along the equator that experiences rain every day of the year. the average pattern of weather over a 30-year period in a specific region. Almost all _ were established within the tropics in recent decades, many have been divided into smaller holdings or reorganized as cooperatives luxury crops Non-subsistence crops such as tea, cacao, coffee, and tobacco livestock ranching the raising of domesticated animals for the produciton of meat and byproducts (leather, wool) Mediterranean agriculture Specialized farming that occurs only in areas where the dry-summer Mediterranean climate prevails agribusiness General term for the businesses that provide the vast array of goods and services that support the agriculture industry the physical arrangement of the Earth's surface. Survey Lines - describes the boundaries of the property using direction and distance. Commercial agriculture term used to describe large scale farming and ranching operations that employ vast land bases, large mechanized equipment, factory-type labor fores, and the latest technoloty monoculture dependence on a single agricultural commodity plantation agriculture Production system based on a large estate owned by an individual, family, or corporation and organized to produce a cash crop. The metes and bounds land survey system relies on several different items to convey a property description: General Location - details on the property's location, possibly including the state, county, and township nearby waterways and acreage. ![]()
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