User Account

All Pages

Describe to a recently hired bookkeeper how it would be show

Assignment Help Accounting Basics
Reference no: EM131765750

Can you please help me with this problem:
For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation:
The bank recorded a deposit of $200 as $2,000.
The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
The company's bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.
The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company's records.

Reference no: EM131765750

Questions Cloud

What amount must he invest : Tony Bautista needs $25,000 in 4 years. What amount must he invest if his investment earns 12% annual interest compounded quarterly
Iron ball was transferred to the wooden ball : What is the veloicty of each ball after the collision? Assuming KE was conserved how much of the KE of the iron ball was transferred to the wooden ball?
Describe what the field of social psychology focuses on : Describe factors that contribute to a strong attitude-behavior relationship. What happens when the components of attitudes are mismatched?
What was the worst experience you ever had with conflict : What was the worst experience you ever had with conflict? What was so bad about it? What are some of the things that caused the conflict?
Describe to a recently hired bookkeeper how it would be show : For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation
Direction does the wreckage move : If the cars stick after the collision at what velocity and direction does the wreckage move?
Calculate shipley current and deferred tax expense : Assuming no uncertainties exist regarding Shipley's ‘tax positions,' calculate Shipley's current and deferred tax expense for the year and record current.
What are some of the implications of either move : Should a pregnant woman who uses them be guilty of "fetal abuse" as she might be in the case of alcohol or illicit drug use?
Working assets to boost growth : How does this relate to the idea from "Working assets to boost growth" that we want to "Make what we sell; not sell what we make"

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a multi step income statement

Use the following information to prepare a multi step income statement and a classified balance sheet for Webb Equipment Co. for 2014

  Labor market earnings

Suppose that a country has 20 million households. Ten million are poor households that each have labor market earnings of $20,000 per year, and 10 million are rich households that each have labor market earnings of $80,000 per year.

  Basics of economic entity concept

Under the economic entity concept, which of the following statements is true?

  Back mountain industries bmi has two divisions east and

back mountain industries bmi has two divisions east and west. bmi has a cost-of-capital of 16.1. selected financial

  Identify the main account or group of accounts

Identify and discuss why the above situation represents a risk. By applying auditing knowledge, identify the main account or group of accounts affected by this risk in the audit plan

  As you examined this week netflix and its competitors have

as you examined this week netflix and its competitors have faced interesting decisions regarding product offerings and

  Discuss the recognition criteria for a lease

Discuss the recognition criteria for a lease according to relevant AASBs. Identify the differences between finance lease and operating lease

  What is the estimated internal rate of return

What is the estimated Internal Rate of Return (IRR) of the project? Should the project be accepted based on the IRR criterion? Why

  Two fundamental qualitative characteristics of accounting

Two fundamental qualitative characteristics of accounting highlighted within the conceptual framework are ‘relevance' (QC6-10) and ‘faithful representation'.

  What would be the first step is computing two different

what would be the first step is computing two different unit costs for three products of a cable company?no words

  What are the objectives of generally accepted

Why should caution be exercised in the use of the income figure derived in an income statement? What are the objectives of generally accepted accounting principles in their application to the income statement?

  Prepare journal entries to record the transactions and event

Chen Company completed the following transactions and events involving its delivery trucks. 2010 Jan. 1 Paid $19,415 cash plus $1,165 in sales tax.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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