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Present below is information related to Haselhof Inc. Balance per books at October 31, $41,847.85; receipts $173,523.91; disbursements $164,893.54. Balance per bank statement Novermber 30, $56,274.20 The following checks were outstanding at November 30. 1224: $1,635.29 1230: $2,468.30 1232: $2,125.15 1233: $482.17 Included with the November bank statement and not recorded by the company were a bank debit memo for $27.40 covering bank charges for the month, a debit memo for $372.13 for a customer's check returned and marked NSF, and a credit memo for $1,400 representing bond interest collected by the bank in the name of Haselhof Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $1,915.40. Instructions: (a.) Prepare a bank reconciliation (to the correct balance) at November 30, for Haselhof Inc. from the information above. (b.) Prepare any journal entries required to adjust the cash account at November 30.
What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why?
a company has the choice of either selling 1000 defective units as scrap or rebuilding them. the company could sell the
joplin laminating corporation reported income before income taxes during the first three quarters and managements
A house worth $70,000 is purchased with a down payment of $20,000 and a mortgage amortized over 20 years. If the interest rate is 14% compounded semi- annually;
On April 30, 2010, B. Row, Inc. issued $50,000, 15-year, 7% bonds at 100. The bonds pay interest semiannually on April 30 and October 31. Cash paid for interest on the Statement of Cash Flows for the year ended December 31, 2010 equals:
express inc. has a total of 80000 shares of common stock outstanding and no preferred stock. total stockholders equity
In 2012, Gail had a §179 deduction carryover of $30,000. In 2013, she elected §179 for an asset acquired at a cost of $115,000. Gail's §179 business income limitation for 2013 is $140,000. Determine Gail's §179 deduction for 2013.
in the following reaction the cyanoacetate is first treated with methoxide and then slowly added to the aldehyde. draw
MBA 640 Exam 1, Spring 1, 2014: Compute the unit product cost for one barbeque grill for each of the costing methods described in Chapter 9. Prepare an income statement for the year using the absorption approach.
question 1requiredstudy the information provided below and answer the following questions1.1explain the changes that
Adcock issued $2,000,000 of 8% convertible bonds at face value during 2006. Each $1,000 bond is convertible into 30 shares of common stock. Compute diluted earnings per share for 2007. Complete the schedule and show all computations.
Homeguard Insurance Company takes ten days to make payments on insurance claims. Claims are processed through three departments: Data Input, Claims Audit, and Claims Adjustment.
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