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The following items could appear on a bank reconciliation: a) Outstanding checks b) Deposits in transit c) NSF check d) Bank collection of our note receivable e) Interest earned on bank balance f) Service charge g) Book error: We credited Cash for $200. The correct amount was $2,000. h) Bank error: The bank decreased our account for a check written by another customer.
Requirement
R1. Classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
When both borrowed an owned funds are mingled int he same account for purposes of categorizing interest expense a repayment of the debt is allocated first to?
Compute the total, fixed, and variable predetermined manufacturing overhead rates. Compute the total, controllable, and volume overhead variances.
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Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.
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one of the accounting concepts upon which adjustments for prepayments and accruals are based ismatching.cost.monetary
1.adidas issued 10-year 11 bonds with a par value of 170000. interest is paid semiannually. the market rate on the
Describe the accounting procedures for both bonds and long-term notes. How are they similar? Provide an example of each. What types of features can bonds carry which make them more attractive than other financial instruments?
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