Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are the newly hired accountant for The Gift Shop. The owner has just received the December 31, 2008 bank statement and has asked you to prepare the monthly bank reconciliation.
• Write the procedure documentation for the monthly bank reconciliation process in a professional manner.o It will be the desktop guide used by others in the event of your absence to prepare the financial statements for The Gift Shop.o It may be in the form of a memorandum or as a numbered listing of items, depending on your individual preference.• Prepare the monthly bank reconciliation for The Gift Shop based on the information provided.
Additional information needed for bank reconciliation preparation follows:
• Cash per the unadjusted trial balance is $12,675.• Cash balance per the bank statement is $12,780.• Check #115 has not cleared the bank. It was written for $645.• A deposit of $1,000 cleared the bank but was not recorded in the general ledger.• A check for $250 was found in the owner's desk drawer.• A deposit of $1,250 was taken to the bank after 2 p.m. on December 31, 2008 and was not posted by the bank until January 1, 2009.
In 2007, Bell declared and paid dividends of $12,000. How much of the 2007 dividend was distributed to preferred shareholders?
What amount should Cornwell show in the investment account at December 31,2010 if the beginning of the year balance in the account was $40,000?
In 2008, did Safeway prepare enough cash from operations to fund all of its investing activities Did Safeway produce enough cash from operations to cover both its investing and its financing activities
what extent have you seen evidence that lead to determination the "fair value" of a business at acquisition date for 100 percent acquisitions?
Allocate the joint costs to Betalite and Alphalite under the subsequent methods: a. Sales value at splitoff b. Physical measure (pounds) c. Net realizable value
Which organizational form allows the business to be a separate, distinct entity from the owners
Which of the is allowed under generally accepted accounting principles - purchase of merchandise on credit using a perpetual inventory system includes
Suppose the total monetary benefits received from building a flood control dam in Mililani were given by the equation benefit. How tall a dam is optimal from an economic standpoint?
Compare the latest Net Profit after tax for two years and make some comments that whether to invest or not. Explain why yes or not and what kind of shares are being issued?
crabtree inc had additions to retained earnings for the year just ended of 625000. the firm paid out 130000 in cash
Elucidate which accounting principle requires Marian to keep her personal financial information separate from the financial information of Mosely Accounting Services
Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd