What is the entry required to record the difference

Assignment Help Financial Accounting
Reference no: EM132921383

Question - During reconciliation, receipts from cash sales of $9,500 were found to have been recorded incorrectly in the company's ledger as $5,900. What is the entry required to record the $3,600 difference?

Reference no: EM132921383

Questions Cloud

By how much does required return on riskier stock exceed : Stock R has a beta of 1.2, Stock S has a beta of 0.35, By how much does the required return on the riskier stock exceed
Business process redesign : Discuss what went right during the redesign and what went wrong from your perspective
What is the total amount of dividends to be distributed : What is the total amount of dividends to be distributed during the year assuming no equity transactions occur after June 30
What is deep learning : What is deep learning? What can deep learning do those traditional machine-learning methods cannot?
What is the entry required to record the difference : During reconciliation, receipts from cash sales of $9,500 were found to have been recorded incorrectly in the company's ledger as $5,900. What is the entry
Windows authentication-networking and data access : As a security administrator for Always Fresh, you have been instructed to ensure that Windows authentication, networking, and data access are hardened.
Consequences to organization : Assume you are a security awareness trainer. what are two consequences to the organization you would emphasize? Why?
Prepare journal entries in the Capital Projects Fund : Prepare journal entries in the Capital Projects Fund to record the following transactions related to the construction of a building by Village of Navajo Falls
Explain ten purpose of a cashy room : Explain ten purpose of a cashy room.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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