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Question 1: Consider the T-account for Rosa's bank, the Olympia Credit Union. Show how the direct deposit of $1,500 (drawn on her employer's bank) into Rosa's checking account affects the bank balance sheet. First, show how this transaction affects Olympia Credit Union's liabilities. Then, show how this transaction affects the bank's required reserves. Finally, calculate the excess reserves. Be sure to use minus (-) signs to indicate decreases.
Question 2:
Consider the T-account for the employer's bank, Washington National. Show how the direct deposit of $1,500 to Rosa (deposited into her bank) drawn on her employer's checking account affects Washington National Bank's balance sheet. First, show how this transaction affects Washington National's liabilities. Then, show how the transaction affects its reserves. Be sure to use minus (-) signs to indicate decreases.
Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.
What worksheet entries are required in connection with the consolidation of this asset? Consider that the parent applies the partial equity method.
Illustrate what is the overall impact on net income over the two accounting periods? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)
Identify the major components of stockholders equity by examining the Statement of Stockholders Equity. What types of accounts and transaction resulted in major changes in the Stockholder Equity accounts during the most recent year?
1. blp corporation reported wages expense of 224000 wages payable of 89400 at the beginning of the year and wages
Prepare all of Delta's journal entries for the above transactions. Delta uses a periodic inventory system and calculate Delta's net purchases
Show the effects of your entries in part (c) on your evaluation of these companies based on the return on assets ratio.
The partnership paid $3,000 in interest that was the amount owed for the year and paid $8,000 for a two-year insurance policy on the first day of business. Compute net income for the first year for Tri Fecta.
question fasb asc 14-1 settlement and curtailment of a defined benefit pension plansearch fasb asc database for answers
Computation of Common stock dividend - preferred stock is not cumulative, common stockholders should receive total 2008 dividends of?
If Gruden accepts the offer, its fixed overhead will increase from $46,512 to $51,412 due to the purchase of a new imprinting machine. No sales commission will result from the special order.
Construct the projected income statement. Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to two decimal places.
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