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Browning Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $9,135 Add: Deposits in Transit 2,010 Deduct: Outstanding checks (2,610) Balance per books $8,535 Month of July Results Per Bank Per Books Balance July 31 $11,289 $12,071 July deposits 5,873 7,582 July checks 5,220 4,046 July note collected (not included in July deposits) 1,958 - July bank service charge 20 - July NSF check from a customer, returned by the bank (recorded by bank as a charge) 437 - (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. (b) Prepare the general journal entry or entries to correct the Cash account.
in 2010 bridget sold land to her son caleb for 150000 cash and an installment note for 600000. bridgets adjusted basis
Determine the effect on EZ's accounting equation relative to the sale, collections, and write-offs of accounts receivable during 1007. What is the net realizable value of accounts receivable on December 31, 2007, under each assumption in part (2)?
required use the following information to complete phillip and claire dunphys 2011 federal income tax return. if
Prepare schedules for expected collections from customers and expected payments for direct materials purchases - prepare a cash budget for January and February in columnar form.
lori who is single purchased five-year class property for 100000 and seven-year class property for 200000 on may 20
on january 1 2009 a company acquired equipment for 120000. the estimated life of the equipment is 5 years or 20000
Set up a schedule of interest expense and discount amortization under the straight-line method.
fixed labor far north telecom ltd. of ontario has organized a new division to manufacture and sell specialty cellular
on may 5 2008 nancy sells her stock adjusted basis of13000 in lime inc. a publicly traded company for 17000. onmay 31
Burton did not notify Wilson of these facts. Two days later when Burton again presented the instrument for payment, Burton was told that Foxx's creditors had filed a petition in bankruptcy that morning. Which of the following statements is true?
a corporation has the following budgeted operating results for 2012revenues 10000 units at 50 500000variable
during april the production department of a process manufacturing system completed a number of units of a product and
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