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Assignment Help Accounting Basics
##### Reference no: EM131051284

(AACSB) Analysis

Instead of coins jingling in your pocket, how would you like to have a pocketful of cowrie shells? These smooth, shiny snail shells, which are abundant in the Indian Ocean, have been used for currency for more than four thousand years. At one point, they were the most widely used currency in the world. Search "cowrie shells" on Google and learn as much as you can about them. Then answer the following questions:

• How effectively did they serve as a medium of exchange in ancient times?
• What characteristics made them similar to today's currencies?
• How effective would they

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On August 1st, the new tenant paid the first and last month's rent and a refundable security deposit of \$400. What is Mason's total rental income for 2009?

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