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Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:
Balance per bank statement, 3/31/13 $18,000
NSF check returned with 3/31/13 bank statement 290
Deposits in transit, 3/31/13 3,000
Outstanding checks, 3/31/13 2,400
Bank service charges for March 20
What should be the adjusted cash balance at March 31, 2013? Please provide your solution below:
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Discuss, with reasons, the appropriate date of acquisition of Beta Ltd in the consolidated annual financial statements of Oxygen Ltd for the year ended 31 December 2003.
the condensed income statement for the peri and paul partnership for 2014 is as follows.a cost behavior analysis
Compute the amount of under- or overapplied overhead cost for the year and prepare a schedule of Cost of Goods Manufactured for the year.
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Rasmussen company sells only one product at a regular price of 30$ per unit. Variable expenses are 75% of sales and fixed expenses are 44000$. Management has decided to decrease the selling price to 25.50$ in hopes of increasing its volume of sales. ..
In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation. Illustrate what two forms must Johnice file for her business?
Crabtree Inc had additions to retained earnings for the year just ended of $625,000. The firm paid out $130,000 in cash dividends, and it has ending total equity of $7.2 million.
Describe the audit steps that generally would be followed in establishing the propriety of the recorded liability for federal income taxes of a corporation you are auditing for the first time.
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