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The following items could appear on a bank reconciliation:
a. Outstanding checks
b. Deposits in transit
c. NSF check
d. Bank collection of our note receivable
e. Interest earned on bank balance
f. service charge
g. book error: We creditied Cash for $200. The correct amount was $2,000.
h. Bank error: The bank decreased our account for a check written by another customer.
Requirement
R1. Classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
buzz inc. has 8000 shares of 5 50 par cumulative preferred stock and 50000 shares of 3 par common stock outstanding. no
Actual manufacturing overhead by year-end totaled $233,000. Rockville adjusts all under- and overapplied to cost of goods sold.
Identify the balance sheet accounts that Phil will likely need to record the transactions needed to open his business (a corporation). Indicate whether the normal balance of each account is a debit or credit.
for a recent 2-year period the balance sheet of metal pro company showed the following stockholders equity data at
Compute the total amount of goodwill of International Co. based on the price paid by Melissa Co. Prepare all journal entries in Melissa's accounting records relating to the investment for year ended December 31 under the cost method of accounting, ..
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