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Problem 1: This is your first month working as a bookkeeper and you notice a discrepancy when trying to reconcile the bank statement to the book balance. There is missing check listed on the bank statement not recorded on the books. You bring this concern to your supervisor and she responds that the accounting manager needs it done asap and to force it to reconcile. How would you handle this situation.
Dividends ( qualified) on Big Bank stock $900, Dividends (qualified) on Big Gas Company Stock $490, Dividends ( nonqualified) from Mango Mutual Fund $145, interest on Washington State Municipal Bonds $700, Interest on Big Electric Company Bonds $675...
Suppose that your total transaction costs for selling the 1,200 shares of Twitter in December were $59.95.
The management of Alpha Company has calculated the following variances. When determining the total production cost flexible budget variance, calculate the total manufacturing overhead variance of Alpha Company.
show a production process for a product that you think would involve spoilage being sure to address the subsequent
Reliable Estimate on Obligation - an entity will normally able to make an estimate on the obligation that is sufficiently reliable to recognize
The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:
The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, the end of the company’s fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,106; cost of goods sold, $1,240; selling expens..
A machine with a cost of $166,000 , accumulated depreciation of $103,000 and current year depreciation expenses of $26,000 is sold for $54,000 cash. the amount that should be reported as a source of cash under cash flows from investing activities is?
ACC514 Financial Accounting Assignment - Newsletter and Financial Statements, Charles Sturt University, Australia. Prepare the statement of financial position
Suppose that a firm makes two products, A and B. The sales mix in units for the period is 70% for A and 30 % for B. If the unit contribution margin for A is $8.89 and the unit contribution margin for B is $5.38, then the weighted-average unit contrib..
Purpose an entry Parchment needs to make and compute the balance in Parchment's investment in Silky account. (Do not round calculations of new interest).
Record the transactions in T accounts, prepare a trial balance for the end of the month.
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