Solution-Deposits in transit not recorded by the bank

Deposits in transit not recorded by the bank

Assignment Help Accounting Basics

Reference no: EM13925733

1. Balance per the bank on May 31, $8,000

2. Deposits in transit not recorded by the bank, $975

3. Bank error: check written by Allen Auto Supply was charged to Superior Auto Supply's account, $650

4. The following checks written and recorded by Superior Auto Supply were not included in the bank statement.

3013 $ 385
3054 735
3056 1,900

Reference no: EM13925733

Questions Cloud

Division to make its strollers : Division to make its strollers. The Stroller Division produces approximately 10,000 strollers for young children annually. Thus, the Stroller Division receives 10,000 seat frames annually from the Seat Division

How does way in which perceive world influence process : How does the way in which you perceive the world influence your thought process? Provide a specific example in your response. What other factors do you think affect your thought process?

How does your response compare to secular view of authority : How does your response compare to the secular view of authority? How does your response compare to the view of power according to servant leadership

Expected impact on total revenue of the firm : Price elasticity of demand is known to be -0.5, and the firm raises prices by 10 percent. This is an inelastic demand. If prices are raised by 10 percent then total revenue is raised. In an inelastic price demand prices and total revenue are propo..

Deposits in transit not recorded by the bank : 1. Balance per the bank on May 31, $8,000 2. Deposits in transit not recorded by the bank, $975

Determine the price of an average price asian call option : Determine the price of an average price Asian call option. Use an exercise price of 95. Count the current price in determining the average.

Create coding form for hypothetical observational study : Explain whether you would be an acknowledged or unacknowledged observer and why. Describe the types of behavior and the episodes you included on your coding form.

Standards of financial accounting : "The mission of the FASB is to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial re..

Probability distribution of a salesperson selling : P-1 The salespeople at Owl Realty sell up to 9 houses per month. The probability distribution of a salesperson selling n houses in a month is as follows:

User Account

All Pages

Deposits in transit not recorded by the bank

Reference no: EM13925733

Reference no: EM13925733

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Find contribution margin in dollars per unit and as ratio

As an accounting manager for a growing graphic design

Us gaap follows the historical cost concept in valuing the

Initially purchase ppe for 140useful life is 3 years and

Prepare a report that shows the effect on the companys

What is portfolio theory and why is it important to investin

Determine the total cost of ending work in process

Characteristic of mathematical or scientific proof

How would you recommnd that the university maintain

Calcor company has been a wholesale distributor of

Amount of gain-straight line method

Work in process and factory overhead

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT