Reference no: EM13916123
The auditors of Steffey, LTD., decided to study the cash receipts and disbursements for the month of July of the current year under audit. They obtained the bank reconciliations and the cash journals prepared by the company accountants, which revealed the following:
June 30: Bank balance, $355,001; deposits in transit, $86,899; outstanding checks, $42,690; general ledger cash balance, $399,210.
July 1: Cash receipts journal, $650,187; cash disbursements journal, $565,397.
July 31: Bank balance, $506,100; deposits in transit, $51,240; outstanding checks, $73,340; general ledger cash balance , $484,000. Bank statement record of deposits: $835,846; of payments: $684,747.
Required:
Prepare a four-column proof of cash covering the month of July of the current year. Identify problems, if any.
Please explain detail deposit in transit and out standing check on July 31
|
Under each depreciation method
: What factors should K Company consider in determining whether to sell or keep the truck?Assume the truck is sold. Prepare the appropriate journal.entries showing sale of the truck under each depreciation method.
|
|
Accounts receivable and inventory turnover use
: Inspect an annual report of a corporation listed on either the New York or American Stock Exchange. Read the report. The report will contain many details not covered in your study to date. Nevertheless, you will see the general picture portraye..
|
|
Beer-consuming nations in the world
: I have chosen to export beer to Japan. Japan continues to be one of the top generally beer-consuming nations in the world and consumers have high disposable income and there is an increasing demand for sphere beers in Japan.???
|
|
Explain the difference between arbitration and mediation
: Explain the concepts of employee rights and responsibilities to include: due process, duty of diligence, duty of obedience, duty of loyalty, and employment-at-will.
|
|
Prepare a four column proof of cash covering the month
: Prepare a four-column proof of cash covering the month of July of the current year. Identify problems, if any.Please explain detail deposit in transit and out standing check on July 31
|
|
Discuss multinational management applications of motivation
: Compare, contrast, and discuss multinational management applications of these two categories of motivation theories. What challenges would multinationals experience as they apply these theories of motivation to work environment?
|
|
Creating a positive consequence for avoiding the behavior
: Devise plan to change behavior by creating a positive consequence for avoiding the behavior, or a negative consequence for acting out the undesired behavior
|
|
Development of a new complex system
: List four pros and cons of incorporating some of the latest technology into the development of a new complex system. Give a specific example of each.
|
|
Systematic study and careful application of knowledge
: The systematic study and careful application of knowledge about how people as individuals and as groups act within an Organization???
|