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On Aug 14th, One of our Partner's ( Compuville ) cash book showed a debit balance of $4,000.00.
His bank statement showed a balance of $4,270.00.
On comparison the following were found:
* check issued amounting to $2,500.00 has not been cashed* The bank rejected checks amounting to $140* Standing order for a staples order of $700 was note noted.* A customer paid $170 directly into the bank without any notice to Us* Bank charges of $160 were entered in the bank statements only.* A dividend of $250 was paid directly into the bank and not recorded in the cash book* Checks for $1,650.00 were entered into the cash book and deposited in the bank but had not been cleared (deposited).
Prepare a bank reconciliation statement for the month .
Why is the balance sheet called the statement of financial position and what is the purpose of if?
There were 14,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?
goode companyworksheet partialfor the month ended april 30 2008adjusted
Purchased 90, 6%, $1,000 MarksCompanybondsfor $90,000 cash plusbrokeragefees of $950. Interest is payable semiannually on July 1 and January 1.
Write a report to the owners detailing ALL the different options and considerations that you feel the owners should consider raising the $60 million.
This is my situation, I own a used car lot, I sold and report to Department of Revenue in sales the amount of $720.000 dollars.
If you were a business owner or manager, illustrate what would you do to collect on a customer unpaid bill? At what point would you deem the account bad debt and write it off?
require in journal/account/income statement? Will someone show me how to do it and the final answer should be what?
casco co. planned to produce and sell 40000 unites. at that volume level variable costs are evaluated to be 320000
A company allocates overhead at a rate of 140% of direct labor cost. Actual overhead cost for the current period is $745,000, and direct labor cost is $500,000. Prepare the entry to close over- or underapplied overhead to cost of goods sold
Prepare the journal entries that should be recorded in 2011 relative to the premium plan and premium Entries to stimulate the sales of its Alladin breakfast cereal, Loptien Company places 1 coupon in each box. Five coupons are redeemable for a prem..
Develop a thorough understanding of accounting standards and principles, fulfill the core accounting educational requirement to sit for the CPA exam.
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