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The month of August 2017 has just ended and you recived a bank statement showing an overdraft balance of £ 20,000. The balance recorded in the company's cash book is a credit balance of £ 12,100.
1) Lodgements not yet cleared by the bank (i.e. payments recored in the cash book but not recorded in the bank statement) £ 24,300 2) Cheques not yet presented (i.e payments from the account recorded in the cash book but not yet processed through the bank) £ 18,900 3) Bank charges of £ 1300 4) A dishonoured cheque from a customer £ 1,200
Problem 1: How to make a bank reconciliation statement for 31st August 2017 for this company?
Compute the inventory value of the units unsold in the hands of the consignee. Compute the profit for the consignor for the units sold.
At the beginning of the year, Canon Company had total assets of 870,000 and liabilties of 500,00. If total assets increased 150,000 during the year and liabilities decreased 80,000, what is the amount of stockholder's equity at the end of the year?
Bi2s3(s) ó2 Bi3 (aq) + 3 S2- (aq) for which the solubility product, Ksp has the value of 1.6 × 10-72at room temperature. (a) At room temperature how many moles of Bi2S3will dissolve in 3.091 × 106liters of water?
On March 1, 2015, Lois learned that she was bequeathed 1,000 shares of Race Corp. common stock under the will of her uncle, Pat. the date of Pat’s death, was $8,000 and had increase to $11,000 six months later. How much should Lois include in her ind..
On August 1, 2010, Pavlova purchased a piece of replacement property for cash. The new land cost $90,000, and the new building cost $380,000. Prepare journal entries to record the transactions on April 1 and August 1, 2010.
Esquire Comic Book Company had income before tax of $1,000,000 in 2016 before considering the following material items: Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting pr..
Accounts Receivable of $350,000, an Allowance for Uncollectibles based on aging of $18,000. The net realizable value of accounts receivable is
Determine and Computing Return on Equity. Compute its return on equity for 2015. Starbucks reports net income for 2015 of $2,634.4 million.
Evaluate Towson Company's Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign
$3 per share in exchange for a tract of land having a market value of $215,000. Prepare the general journal entry to record this transaction.
Evaluate the total overhead applied to production during May. Determine the cost of the ending work in process inventory. Evaluate the cost of jobs completed during May. Calculate the cost of goods sold for the year ended May 31.
The petty cash fund had an intial balance of $210
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