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A hotel company carries out a monthly bank reconciliation. At the beginning of November, it found the following concerning the October reconciliation: The bank balance on the bank statement was $3,506, and the bank balance according to the company records was $4,740. Checks #3581 and #3650 in the amounts of $298 and $402, respectively, were still unpaid by the bank. The bank had credited (added) to the company’s bank statement an amount of $356, which the company had earned from a separate savings account it has at the bank. The bank had also debited the bank statement wrongly with a check in the amount of $20 that had not been drawn by the hotel company. There was a $4 service charge on the bank statement. The October 31 deposit of $2,266 had not been recorded as received by the bank on the statement. Prepare the company’s bank reconciliation for October 2003.
barn company uses a process costing system. during august the mixing department transferred out 65000 units. the august
Edward operates an illegal drug-running business and has the following items of income and expense. What is Edward's adjusted gross income from this operation?
Prepare the journal entry to record the replenishment of the petty cash fund.
When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?
boehm rest company has 30000 shares of its 1 par value common stock outstanding. record in journal form the following
stine company uses a job order cost system. on may 1 the company has a balance in work in process inventory of 3980 and
In its first year of operations, Harden Con. earned $39,000 in revenues and received $33,000 cash from these customers. The company incurred expenses of $22,500 but had not paid $2,250 of them at year-end. The company also prepaid $3,750 cash for ..
midlands design ltd. of manchester england is a company specializing in providing design services to residential
The cost of Jurislon is $4.8 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurislon to be purchased in August is:
What are reversing entries? Why would an accountant need to make a reversing entry? What are the pros and cons of using reversing entries?
Harriet's Hats is a fictional company. The following information includes the balance sheet as of December 31, 2013 and the details of the transactions that occurred during 2014.
an activewear buyer bought 24000.00 of stock in a blue tank top. this reflected 35 of the activewear tanks purchased.
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