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The Brown Company bank statement for September 30,2015 showed a balance of $1,681.50. The companys cash account showed a $1,305.20 debit balance. The following information was also available: a) a customer's cheque for $90 marked NSF was returned to Brown Company by the bank. The bank charged the companys account a $10 processing fee b) the september 30 cash reciepts, $1,250, were placed in the banks night depository after banking hours on that date and this amount did not appear on the bank statement. c) a $15.10 debit memorandum for cheques printed by the bank was included with the cancelled cheques. d) outstanding cheques amounted to $1,141.40 e) a customers note for $920 was collected by the bank. A collection fee of $20 was deducted by the bank. f) included with the cancelled cheques was a cheque for $300 drawn on another company, The Browne Bros.
Prepare a bank reconciliation in good form at september 30, 2012
Prepare the necessary journal entries to bring the general ledger cash account into agreement with the adjusted balance on the bank reconciliation
Gulick Company developed the following data for the current year: Gulick Company's direct labor cost for the year is ??
Foreaker LLC sold a piece of land that it uses in its business for $52,000. Foreaker bought the land two years ago for $42,500. What is the character of Foreaker's gain?
A Corporation uses a predetermined overhead rate of $23.90 per direct labor hour. This predetermined rate was based on a cost formula that estmated $286,8000 of total manufacturing overhead for an estimated activity level of 12,000 direct labo..
Compute the total amount of goodwill of International Co. based on the price paid by Melissa Co. Prepare all journal entries in Melissa's accounting records relating to the investment for year ended December 31 under the cost method of accounting, ..
Term Structure of Interest Rates
Does the concept of materiality mean that financial statements are not precise, down to the last dollar? Does this concept make financial statements less use full to most users?
from your text and at least one scholarly source research information on responsibility centers. explain how
design appropriate journal for these transactions. enter the transaction for June and total the journals at the end of June.
The accountant preparing the income statement for Bakersfield, Inc. had some doubts about the appropriate accounting treatment of the seven items listed below during the fiscal year ending December 31, 2010. Assume a tax rate of 40 percent.
Revenue recognition under U.S. GAAP and IFRS comparison.
In general, which of the following statements is correct with respect to unemployment compensation?
Prepare the entries to record the issuance of the bonds and the first semiannual interest payment assuming that the company uses effective-interest amortization.
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