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Sarasota Lansbury 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 $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22,236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 17,000 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 3,400 July bank service charge 51 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 1,139 Collapse question part (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
How are cash inflows from dividends and interest and cash outflows for dividends and interest classified in British Airways, Plc.cash flow statements? Illustrate is this classification the same as or different from cash flow statements prepared in..
Stock Dividends versus Stock Splits Campbell Company wants to increase the number of shares of its common stock outstanding and is considering a stock dividend versus a stock split. Develop the Stockholders' Equity category of Campbell's balance shee..
Write the appropriate journal entries to record wages and salaries expense and payroll tax expense for the January 2013 pay period.
Many companies market their products and/or services to children or young teens. Identify one product and/or service that does this. Do you feel it is appropriate to market this product or service to this age group? Explain. Does this approach fit th..
Prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2015. (1-6 above) Draft the income tax expense section of the income statement, beginning with Income before income taxes.
Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determined?
the following information is available for pension plan of kiley company for the year 2010.actual and expected return
Mt. Hood Furniture—PPS sampling problem) You have been assigned the task of testing the accuracy of the final inventory compilation for Mt. Hood Furniture. You may assume that you have separately observed the inventory and that you are satisfied that..
In 120 words or more What is the COBIT framework and what are the primary provisions of COBIT? Do you agree the COBIT framework will provide adequate controls and minimize risks associated with an organization relying on information technology to con..
The cost formula for the maintenance department of Rainbow, Ltd., is $19,300 per month plus $7.60 per machine hour used by the production department. Calculate the maintenance cost that would be budgeted for a month in which 6,700 machine hours are p..
Compute the total overhead cost applied to Job 407. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company used a plantwide overhead rate based on direct labour cost instead of using departmental..
evaluate the amount of sales revenue dorough will report on the first 2012 quarterly pro forma income statement and create a cash receipts schedule for the first quarter of 2012
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