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The following information is available for Prime Company as of April 30, 2011:a. Cash on the books as of April 30 amounted to $113,175.28. Cash on the bank statement for the same date was $140,717.08.b. A deposit of $14,349.84, representing cash receipts of April 30, did not appear on the bank statement.c. Outstanding checks totaled $7,302.64.d. A check for $2,420.00 returned with the statement was recorded as $2,024.00. The check was for advertising.e. The bank service charge for April amounted to $35.00.f. The bank collected $36,300.00 for Prime Company on a note. The face value of the note was $36,000.00.g. An NSF check for $1,140.00 from a customer, Tom Jones, was returned with the statement.h. The bank mistakenly deducted a check for $700.00 that was drawn by Tiger Corporation.i. The bank reported a credit of $560.00 for interest on the average balance.
Prepare a pension worksheet for the pension plan in 2008. Prepare any journal entry(ies) related to the pension plan that would be needed at December 31,2008. Prepare a pension worksheet for 2009 and any journal entry(ies) related to the pension plan..
What is the balance in the patent account on the consolidated balance sheet at December 31 2005.
Selecting a for-profit organization of interest, you will research an unusual or conflicting accounting principle that has impacted your chosen organization. The research will require you to present, review and analyze the organizations published ..
Frogger Company uses a job order cost accounting system. On January 1, $15,000 of direct materials and $3,500 of indirect materials were requisitioned for production. Prepare the general journal entry to record this requisition.
Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.
Garr Co. issued $4,220,000 of 12%, 5-year convertible bonds on December 1, 2014 for $4,237,830 plus accrued interest. The bonds were dated April 1, 2014 with interest payable April 1 and October 1. Bond premium is amortized each interest perio..
If the standards are set in a process that often results in compromise between different parties, do the qualities of accounting information provide much value? How?
Get a clear understanding of the (LIO) Localization Implementation options events that would trigger testing What type of testing is required manual/automated?
The Morrissey Company's bonds mature in seven years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?
as a tax preparer one of your clients without tax liability is reviewing his taxes before submission and is surprised
Of the several uses of standard costing, one of the most controversial is using these standards for performance evaluation of an individual, team, or unit. Consider the labor efficiency variance and assume it is one of the measures for a company's..
Kingbird redeems 200 of Amata's shares for $1000 per share. Amata paid $300 per share for her stock nine years ago. Which of the following statements is correct with respect to the stock redemption?
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