User Account

All Pages

Show the reconciling items in a horizontal model

Assignment Help Accounting Basics
Reference no: EM132075213

Question - The balance in Happ, Inc.'s general ledger Cash account was $13,200 at September 30, before reconciliation. The September 30 balance shown in the bank statement was $11,830. Reconciling items included deposits in transit, $1,270; bank service charges, $105; NSF check written by a customer and returned with the bank statement, $520; outstanding checks, $450; and interest credited to the account during September but not recorded on the company's books, $75.

Required: Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items for Happ, Inc., at September 30.

Reference no: EM132075213

Questions Cloud

Adopt a style of leadership : Can we adopt a style of leadership to meet the expectations of the new generations.
Expectations of the new generations : Can we adopt a style of leadership to meet the expectations of the new generations.
How long will the plan take to be implemented : Before beginning to develop your strategic goal, it is important to understand your objectives. In other words, as you choose your Strategic Goal.
Project management fail to work : What type of companies can project management fail to work
Show the reconciling items in a horizontal model : Required: Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items for Happ, Inc., at September 30
Risk seekers and risk avoiders : How does the utility curve differ for risk seekers and risk avoiders?
What is the value of whole foods inventory : What is the value of Whole Foods' inventory on 09/27/2015 on a LIFO basis? What is the value of Whole Foods' cost of goods sold for the year ending
How organizational culture influenced the outcome : Examine the major influences that organizational culture can have on organizational ethical decision making. From your personal experience in your current.
Create more of a balance between family and work : Determine whether or not these benefits you reviewed could create more of a balance between family and work. Provide at least two examples to support.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd