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Sarasota Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22,236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 17,000 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 3,400 July bank service charge 51 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 1,139 Collapse question part (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
Northwood Company manufactures basketballs. The company has a ball that sells for $30. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $21.00 per ball, of w..
Anthonys Companys highest point of total cost was $75,000 in June. Their point of lowest cost was 50,000 in December. The company makes a single product. Production volume in June was 13,000 units; production volume in December was 8,000 units. What ..
Using the balance sheet equation, show how each of the following six events would affect the balance sheet of Fernandez & Co. The sale of common stock to investors for $5 million in cash, the sale of a new bond issue to investors for $10 million cash..
Long and Short, CPAs, were auditing Island Corporation for the year ended December 31, 2014. On January 11, 2015, a major customer of Island Corporation declared bankruptcy as the result of an uninsured loss due to a major fire in their warehouse on ..
Clarify theft is one of the biggest problems for consumers in e-commerce. Can businesses also be victims of identity theft in e-commerce?
SPA242 Financial Accounting Assignment. Pringles Ltd is a large department store that has used the straight-line depreciation method since the company was first formed. Discuss the ethical and governance issues in changing the depreciation methods in..
Balance sheet or an income statement and show for each of the following items whether it would appear on a balance sheet
Annual budgeting process at your call center company. To kick-off the process, all the department managers and the plant accountant are meeting to discuss the budgeting process.
Journalize all entries required on the dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation.
Calculate the predetermined overhead rates the producing departments would use to apply overhead to units of product.
Identify the top most goal of human resource management
Calculate the cost of goods manufactured for March and calculate the cost of goods sold for March.
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