User Account

All Pages

Prepare the compound general journal entry

Assignment Help Accounting Basics
Reference no: EM131807832

Question 1

The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:

Item

Amount

Ending Cash per Bank Statement

$1,484

Ending Cash per Company Books

$1,681

Bank Service Charges

$11

Deposits in Transit

$317

Outstanding Cheques

$221

Customer Cheque returned NSF

$90

Use this information to prepare the compound General Journal entry (without explanation) for March 31, 2016, to cause the company books to match the adjusted cash balance based on the completed bank reconciliation. If no entry is required then write "No Entry Required."

Reference no: EM131807832

Questions Cloud

Produce and the learning-curve percentage : Determine the time required to produce the 2000th item if the first item requires 180 minutes to produce and the learning-curve percentage is 92%.
What is the decision rule : Using the goodness-of-fit test for normality, specify the competing hypotheses in order to determine whether or not the data are norm ally distributed.
Learning-curve rate during production : If 200 labor hours were required to produce the 1st unit in a production run and 60 labor hours were required to produce the 7th unit, what was the learning
Identify which tests are best suited or not for a company : Of the following 5 Audit tests (Risk Assessment Procedures, Test of Controls, Substantive Tests of Transactions, Analytical Procedures, and Tests of Details).
Prepare the compound general journal entry : prepare the compound General Journal entry, the company books to match the adjusted cash balance based on the completed bank reconciliation
Compute the values for her : She is interested in calculating the time required to construct the 1st and 20th pillars. Compute the values for her.
Discuss the function under guideline of business management : Peratec (1995), asserts that for any business set to offer services must function under the guidelines of business management policy.
Discuss charged to the bad debt expense account : Charged to the Bad Debt Expense account, Balance for Allowance for Doubtful Accounts
Determine reasons for breakup depend on gender : Suppose the survey consisted of 1,800 men and 1,200 women. Use the data to determine whether the reasons for breakup depend on gender at the 1% significance.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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