Financial statements of the entry to record

Assignment Help Accounting Basics
Reference no: EM13767246

The accountant for Barb's Bookstore balanced out the cash register for the day. The register indicates $1,031.50 in sales, the change fund at the beginning of the day was $125 and the actual cash in the register is $1,150.25 (including the change fund, previously accounted for). What is the effect on the financial statements of the entry to record the day's sales and any related overage or shortage?

Reference no: EM13767246

Questions Cloud

Explain why the paragraph a below show a contradiction : Animal should serve as model for us. they are gentle, cooperative, and family- oriented creature who fight mainly over territory and mates rarely kill one another; their combat is only ritualistic to show the hierarchy of dominance. Human begins, on ..
E-commerce and web development : How can ExtremeNet's leadership best repair the relationship between management and employees while meeting the needs and goals of the company?
What is the end result of a cpted analysis : In a 1-2 page paper, using APA style formatting, answer the following three questions after reading the article, "Crime Prevention Through Environmental Design and Community Policing": What is the end result of a CPTED analysis
Create a research hypothesis : Create a research hypothesis in your area of study that would be answered using either a correlation/regression. Please list the question and then provide your answer right below each question. Include the following:
Financial statements of the entry to record : What is the effect on the financial statements of the entry to record the day's sales and any related overage or shortage?
Compare and contrast drug abuse factors : Compare and contrast drug abuse factors between the two categories, Effects on the human body including symptomology
What skill does a student need for critical thinking : 1. What skill does a student need for critical thinking? To present evidence in an order that contributes to a persuasive argumentTo separate fact from opinionTo construct and evaluate claims and arguments independently of their power to win a follow..
How may the defendant lawyer use the comparative negligence : How may the defendant lawyer use the Comparative negligence and Contributory negligence
Airline business upgraded to the same application : Few things in the airline business are more daunt-ing than upgrading to a new reservations system. Do it well, and customers are none the wiser; mess it up, and a carrier risks losing customers and tarnishing its brand. Discount carriers JetBlue A..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Budgets of isaac company

Isaac Company has a selling price of $10 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?

  Explain why proponents of lifo argue that it provides a

explain why proponents of lifo argue that it provides a better match of revenue and expenses. in what situation would

  Before it installed an abc system the company used a

skagway co. has identified activity centers to which overhead cost are assigned. the cost pool amounts for these

  Problem based on shipping costs

Anaconda Mining Company shipped 9,000 tons of copper concentrate for $450,000 in March and 11,000 tons for $549,000 in April. Shipping costs for 12,000 tons to be shipped in May would be expected to be:

  Fugate energy corp has recently purchased a small local

fugate energy corp. has recently purchased a small local company gleave inc. for 556950 cash. fugates chief accountant

  Find out the cost of head lamps that would appear in each

runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of

  Illustrate the differences between the financial and

you have been asked to discuss the role of the financial accountants and managerial accountants functions in

  For bobby company sales is 1200000 6000 units fixed

for bobby company sales is 1200000 6000 units fixed expenses are 360000 and the contribution margin per unit is 80.

  Everett miguel and ramona are partners sharing income 123

everett miguel and ramona are partners sharing income 123. after selling all of the assets for cash dividing losses on

  Ferguson company purchased a depreciable asset for 100000

ferguson company purchased a depreciable asset for 100000. the estimated salvage value is 10000 and the estimated

  Prepare a production budget for playclay for the months

tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires two

  Watson uses four units of direct material

Watson uses four units of direct material in each finished unit. The direct material price has been stable and is expected to remain so over the next six months.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd