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Question - Mish Ltd. reported a cash balance of $41,000 in the general ledger, but the bank statement reported a balance of $31,400 at the end of September 2009.
You have ascertained that the bank cashed a cheque on this account, in the amount of $6,500, which was actually issued by Mish Ltd.; this was an error made by the bank. There was also an outstanding deposit of $5,900, an amount that was deposited by Mish at the end of September. Outstanding cheques were $3,000, and there was an error made by Mish's bookkeeper, who recorded a cheque to a supplier at $1,700 when it was really $2,600. Bank fees of $900 have not yet been recorded by Mish, and neither was a direct deposit of $1,600 by a customer, who paid Mish directly to Vish's bank account.
Required - Prepare the bank reconciliation at the end of September 2009.
transaction analysis results in the development of a journal entry. in the start-up of a business the owner contributes
Cermco produces and sells specialty customer relationship management (CRM) solutions to small and medium-size businesses in the United States and Canada. The company is more than 20 years old and has a steady, loyal customer base.
Who do you think is at fault for the conditions leading up to the company's bankruptcy and who suffered as a result? Where is Bernard Ebbers now?
carmel company acquires a mineral deposit at a cost of 5900000. it incurs additional costs of 600000 to access the
How low sales volume will have to fall to, how low sales price will have to fall to, and how high variable costs will have to rise to?
Determine the maturity value of the note. Journalize the entry to record the receipt of the payment of the note at maturity.
The amount that is charged as an expense for 2010 for the cost of the minerals sold during 2010.
(Interfund transactions) Prepare journal entries to record these interfund transactions in each affected fund.
Use the Internet or the Strayer Library to research a company for which you would like to work (or your current company if you are already employed).
Fifteen months later, he sells it to Faye for its fair market value of 39,000. Determine Iva's recognized loss, Joshua's recognized gain or loss, and Faye's adjusted basis for the stock.
Suppose the fair value of the machine and the lessor's implicit rate were unknown at the time of the lease, but that the lessee's incremental borrowing rate of interest for notes of similar risk was 11%. Prepare the lessee's entry at the inception of..
Calculate the ROI for Hercules. Use operating income and net book value of assets as the measures for income and investment respectively.
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