Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On July 31, 2012, Fraiser Company had a cash balance per books of $6,140. The statement from Nashota State Bank on that date showed a balance of $7,690.80. A com- parison of the bank statement with the Cash account revealed the following facts.
1. The bank service charge for July was $25.2. The bank collected a note receivable of $1,500 for Fraiser Company on July 15, plus $30 of interest. The bank made a $10 charge for the collection. Fraiser has not ac- crued any interest on the note.3. The July 31 receipts of $1,193.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.4. CompanycheckNo.2480issuedtoT.Crain,acreditor,for$384thatclearedthebank in July was incorrectly entered in the cash payments journal on July 10 for $348.5. Checks outstanding on July 31 totaled $1,860.10.6. On July 31, the bank statement showed an NSF charge of $575 for a check received by the company from K. Fonner, a customer, on account.
Instructions
(a) Prepare the bank reconciliation as of July 31.(b) Prepare the necessary adjusting entries at July 31.
per the text and irc losses and deductions of an s corporation pass through to the shareholders of the corporation and
internal control procedures are required to safeguard company assets and to ensure ethical operation of the business. 1
In terms of the question above, do you think SOX has achieved or approached the desired effect within the accounting and financial world? Please explain why or why not.
commercial services.com corporation provides business-to-business services on the internet. data concerning the most
the owner of a new resturant has a costly ad campaign in the works for a new resturant. the new place is still working
company had processed chemical bh at a cost of 70000. this chemical can be sold now for 82000 or can be processed more
acc305 the colorado company manufactures a product acc305 managerial accounting tco f the colorado company manufactures
Elly, whose husband died in Dec. 2009, maintains a household in which her dependent daughter lives. What is her filing status for the tax year 2009? (Note: Elly is the executor of her husband's estate.)
a company established a direct material standard of 2 pounds of material at a cost of 6 per pound for unit produced.
sonne company produces a perfume called whim. the direct materials and direct labor standards for one bottle of whim
karen kars provides shuttle service between four hotels near a medical center and an international airport. kare kars
lawrence owns a small candy store that sells one type of candy. his beginning inventory of candy was made up of 10000
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd