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Tasha Orin is unable to reconcile the bank balance at January 31. Tasha's reconciliation is shown here.Cash balance per bank $3,677.20Add: NSF check 450.00Less: Bank service charge 28.00Adjusted balance per bank $4,099.20Cash balance per books $3,975.20Less: Deposits in transit 590.00Add: Outstanding checks 770.00Adjusted balance per books $4,155.20
Prepare bank reconciliation and adjusting entries.a. What is the proper adjusted cash balance per bank?b. What is the proper adjusted cash balance per books?c. Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books
Determine Bad debt from uncollected rent
how would you record the numbers? What are the journal entries, what is is the impact of depreciation and the end of year impact to the lease.
Provide the journal entry that Pale recorded when it transferred the assets to Bright. Give the journal entry that Bright recorded for the receipt of assets and issuance of common stock to Pale.
Evaluate the number of shares to be used in determining diluted earnings per share for 2013.
Computation of retained earnings using given information and evaluate the retained earnings on December 31, 2005, and 2006.
The debt will be paid off in 30 equal semiannual installments of $30,000 over 15-year period commencing October 1,2009, with interest of 6 percent per annum on the outstanding debt.
Do your answers above depend on the time frame? In other words, do some parties stand to gain initially but lose in the long run? If so, explain how.
Finding the equivalent units for materials and conversion - Verify the accountant's ending work in process inventory figure (£8,200) given in the report
Jenson Company began the year with retained earnings of $250,000. During the year, the company recorded revenues of $350,000, expenses of $275,000, and paid dividends of $30,000. What was Jenson’s retained earnings at the end of the year?
If taxes are ignored and the required rate of return is 9%, what is the project's net present value? Based on this analysis, should the company proceed with the project?
first-out than it would have been using last-in, first-out. Assuming no beginning inventory, in what direction did the cost of purchases move during the period?
Purpose journal entries to record the transactions.
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