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Western Flyers received its bank statement for the month of July with an ending balance of $11,065.00. Western Flyers determined that check #598 for $125.00 and check #601 for $375.00 were both outstanding. Also, a $7,500.00 deposit for July 30th was in transit as of the end of the month. Big Bucks Bank also collected a $5,000.00 notes receivable on July 1st that was issued January 1st at 12% annual interest. No interest revenue has been accrued on this note and Big Bucks Bank charged a $15.00 fee for the collection service.The company's morning reports resulted in a bank service charge of $20.00 and a customer check for $75.00 was returned with the statement marked ?NSF?. 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.
During the year, the company purchased $274,000 of materials; however it paid for only $264,000. How much inventory was requisitioned for use on jobs during 2010?
The stock split is expected to increase the company's market capitalization by 5 percent. Evaluate the expected stock price after the stock split is completed?
Computing the indifference level of EBIT between these two alternatives - Compute the indifference level of EBIT between these two alternatives
Prepare an amortization table through the first two interest periods using the effective-interest method. b) Prepare journal entries to record bond-related transactions as of the folowing dates January 1,2014, July 1 2014, Dec 31,201
What types of information would you utilize in performing a more complete analysis of Kroger's liquidity and evaluate the company's current ratio and quick ratio.
Break-even-analysis - What effect would the purchase of the new machine have on Acme's break-even point in units
Illustrate what is the capital structure of Smith immediately prior to the acquisition. Determine the amount and account to be recorded for Nichols' investment in Smith.
Which inventory costing method assigns the cost of the most recent items purchased to the ending inventory balance?
Purchases land having a fair value of $3000000 by issuing a 5 year, zero interest bearing promissory note in the face amout of $505,518. Pirchases equiemr by issuing a 6% 8 year promissory note having a maturity value of $400,0oo interest payable ye..
Journal entries for Company purchased a special-purpose duplicating machine by issuing a five-year zero-interest bearing note.
Mueller can buy a newer production machine that will increase fixed costs by $8,000 per year, but will decrease variable costs by $0.40 per unit. What effect would purchase of the new machine have on Mueller's break-even point in units?
During 2012 Gates reported net income of $200,000 and reported dividends of $75,000. Illustrate what is the income reported by Dodge for 2012 with regard to the Gates investment?
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