How to journalize the nsf check

Assignment Help Financial Accounting
Reference no: EM132478532

Problem 1: Journalizing the bank statement items in the general journal for Moondollars. Wondering how to journalize the NSF check $300 (from Jandesh's Hot Spot) in the general journal. (NSF is a check written to us the company and there was not sufficient funds) It was recorded on the June Bank Statement.

Reference no: EM132478532

Questions Cloud

How would define ethics : How would define ethics? What are three factors that might affect good ethical conduct? Conduct research and provide an explanation of why the Sarbane-Oxley ACT
What is the cash flows from operations : Ty's shipping had sales last year of 10,000, the cost of goods sold was 6,500, administrative expenses, What is the cash flows from operations?
Do you consider yourself a spiritual or religious person : Do you consider yourself a spiritual or religious person? Explain why? What is the importance of your faith in your daily life? The response nust be typed.
Discuss important nursing implications : Choose one neurological disorder (1 per each paper). Discuss its management of the disorder in older people. Discuss important nursing implications.
How to journalize the nsf check : How to journalize the NSF check $300 (from Jandesh's Hot Spot) in the general journal. (NSF is a check written to us the company)
What drug therapy would you prescribe : S.H., age 47, reports difficulty falling asleep and staying asleep. These problems have been ongoing for many years, but she has never mentioned them.
How would alpha companys general journal entries : How would Alpha Company's general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor.
How advanced practice nurses engage in community activism : Examine how advanced practice nurses can engage in community activism to limit further negative health impacts from Big Tobacco in their respective health.
Determine the ratio of liabilities to stockholders equity : Determine the ratio of liabilities to stockholders' equity for Year 2 and Year 1. Determine the total liabilities at the end of Years 2 and Year 1

Reviews

Write a Review

Financial Accounting Questions & Answers

  Regarding deductions and expenses he may be able to claim

An owner of an automobile body shop comes into your office for tax advice. He has been thinking about updating his antiquated computer system so he purchased a consumer handbook then he flew to San Francisco to visit the Apple Store to shop for compu..

  Prepare the acquisition analysis

Prepare the Acquisition analysis at 1 July 2011, the BCVR & pre-acquisition worksheet journal entries ONLY at 30 June 2014 , the BCVR, pre-acquisition and intra-group transaction worksheet journal entries at 30 June 2015, the consolidation worksheet ..

  Income taxation

Income Taxation: Sean owns stock in the McGee Corporation. Sean has a basis in the stock of $100. Which of the following would not be included in Sean's income?

  Amount should fenn report for net sales

What amount should Fenn report for net sales in its income statement for the month of December 2011?

  Total liabilities be equal to as percentage of total assets

If total stockholders’ equity is equal to $7,400, and total assets are equal to $20,000, what will total liabilities be equal to as a percentage of total assets? Assume the only categories found in current assets are cash, accounts receivable, and in..

  Identifying and correcting internal control

Suppose a car dealership is opening a Regional office in Texas. Linda barnes the office manager, is designing the internal control system. The manager purposes the following procedures for credit checks on new customers, sales on account, cash collec..

  Determine how jack ltd should account for the results

Determine how Jack Ltd should account for the results of the impairment test at 30 June 2015 and 30 June 2016, and prepare any necessary journal entries. Show all workings and provide references to the relevant accounting standard to support your ..

  What production is needed to satisfy sales

A company has sales of 2,600 units.- There are 1,400 units of opening stock while the closing stock is planned to be 1,800 units. What production is needed to satisfy sales?

  Prepare comparative condensed income statements

The management of Tinker Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2014, the accounting records show these data. Prepare comparative condensed income statements for 2014 under FIF..

  Necessary journal entries for the reconciliation

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.

  Compute the debt to equity ratios for both companies

At the end of the current year, the following information is available for both pulaski company and scott company. Compute the debt to equity ratios for both companies

  Create a statement of cash flows using the indirect method

Create a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g.

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