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Problem - Epsilon Corporation has unadjusted cash in bank balances of P1,000,000 and P900,000 at the beginning and end of the month, respectively. Book debits totaled P1,800,000. An analysis with recent bank statements showed deposits in transit of P350,000 at the start of the month, deposits in transit of P220,000 at the end of the month, outstanding checks of P80,000 at the beginning of the month, and outstanding checks of P70,000 at the end of the month. Credit memos were P200,000 last month while it is P50,000 for this month. Bank service charge totaled P30,000 last month. A P120,000 customer check deposited this month was returned by the bank due to insuf?cient fund. How much is the unadjusted total bank credit for the month?
How can small businesses, with only a few employees, implement the separation of duties internal control? What is the Fraud Triangle?
What is the gain/loss from disposal of property, plant and equipment in fiscal year 2020 if the sale price of the disposed assets is $2 (millions)?
Solve the material handling rate that would have been used based on the traditional allocation. Calculate the material handling rate to be allocated
But the first month using the department shows that my costs are up more than 20 percent." Don Thompson, the general manager of the Delta Division of Ramo Products, had just received his monthly bill for maintenance services and was obviously ups..
Coolah Corporation (CC) recently issued 10,000 bonds with a face value of $100 each. What is the total market value of CC bonds
Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO
$300,000, $330,000, and $360,000 in the years, 2015, 2016, and 2017, respectively. If 2015 is the base year, what is the trend percentage for 2017?
Ajax Ltd reported Net Income of $435m in 2013, after providing for $186m in tax at a rate of 30%. Calculate the free cash flow generated by Ajax Ltd in 2013.
What will be the change in variable expenses if the sales volume increases by 10% - Calculate total selling and administrative expenses for the month of January & February.
matrix company has a maintenance department that maintains the machines in departments a and b. next year department a
Net tax owing for 2015 of $1250 and the net tax owing for 2016 is expected to be $4500. Is he required to make instalment payments?
To create an identical version of a slide
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