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Western Flyers received its bank statement for the month of July with an ending balance of $11,065.00. Western Flyers determined that check #598 for $125.00 and check #601 for $375.00 were both outstanding. Also, a $7,500.00 deposit for July 30th was in transit as of the end of the month. Big Bucks Bank also collected a $5,000.00 notes receivable on July 1st that was issued January 1st at 12% annual interest. No interest revenue has been accrued on this note and Big Bucks Bank charged a $15.00 fee for the collection service.The company's morning reports resulted in a bank service charge of $20.00 and a customer check for $75.00 was returned with the statement marked "NSF". The ending balance of the Western Flyers cash account is $12,875.00.
Complete a bank/account reconciliation and write any necessary journal entries for the reconciliation.
toyota motor corporation uses target costing. assume that toyota marketing personnel estimate that the competitive
in this era of rapidly changing technology research and development rampd expenditures represent one of the most
1. the information below shows the assets liabilities and net worth fo a small business. arrange the items into a
evaluate the "Off the Balance Sheet Arrangements" reflected in the 10-Qs of Freddie Mae and Freddie Mac. Explain how these red flags were ignored by the SEC and its public accounting firm.
Compute the amount of dividends that must have been paid to preferred stockholders and common stockholders in each of the years, given the following independent assumptions:
Cendant Corporation's results for the year ended December 31, 2011, include the following material items: Cendant Corporation's income from continuing operations before income taxes for 2011 is:
Crone Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.
What is the maximum amount of interest USAco may deduct on its U.S. return?
the purpose of part iii is to obtain an understanding of internal control and assess control risk for pinnacle
management is considering purchasing an asset for 51000 that would have a useful life of 6 years and no salvage value.
Lear Co. wishes to finance all fixed assets and half of its permanent current assets with long-term financing. Lear's earnings before interest and taxes are $250,000. Determine Lear's earnings after taxes under this financing plan.
randon house current eps is 6.50. it was 4.42 five years ago. the company pasy out 40 of its earnings as divedends and
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