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Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation:
Cash balance per bank, 9/30 $27,000
Note receivable collected by bank 12,800
Outstanding checks 14,000
Deposits in transit 6,000
Bank service charge 350
NSF check 2,900
Determine the cash balance per books (before adjustments) for Speed Racer Company.
Describe and evaluate the company's business strategy. Do you believe it is viable and why did the attempt to purchase company in late 2008 fail?
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Bosco Bonnet, a local trucker, owns and operates his own delivery service. He has 1990 1-ton truck. Bosco’s biggest expense lately has been maintenance on the truck. He is interested in budgeting his costs for the months ahead. Using the high-low met..
Describe the effects damage estimates would have on the financial statements of a corporation and a partnership.- How do disclosure requirements differ from a corporation to a partnership and what information is required?
Judds Company purchased a new plant asset on April 1, 2014, at a cost of $711,000. It was estimated to have a service life of 20 years and a salvage value of $60,000. Judds’ accounting period is the calendar year. Compute the depreciation for this as..
Assume the following situation: Your business is 3 years old sole proprietorship. It has sales of $300,000 and net income after taxes of $40,000. Your total assets are $100,000 and your total liabilities are $2,000. Would it make sense to issue a bon..
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Prepare a multiple-step income statement for 2010 for Howell Corporation that is presented in accordance with generally accepted accounting principles
the American Academy of Pediatrics Guideline Recommendations for diagnostic decision making for ADHD
Record each transaction. The company uses the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Deferred Revenue, Common Stock, Retained Earnings, Service Revenue, Salaries Expense, Advertising Expense, Rent Expens..
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