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Tasha Orin is unable to reconcile the bank balance at January 31. Tasha's reconciliation is shown here.Cash balance per bank $3,677.20Add: NSF check 450.00Less: Bank service charge 28.00Adjusted balance per bank $4,099.20Cash balance per books $3,975.20Less: Deposits in transit 590.00Add: Outstanding checks 770.00Adjusted balance per books $4,155.20
Prepare bank reconciliation and adjusting entries.a. What is the proper adjusted cash balance per bank?b. What is the proper adjusted cash balance per books?c. Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books
Evaluate the total overhead applied to production during May. Determine the cost of the ending work in process inventory. Evaluate the cost of jobs completed during May. Calculate the cost of goods sold for the year ended May 31.
Assume that the company uses the weighted-average method. Determine the costs per equivalent unit for June for the first process.
Explain why the issuing corporation charged its bond investors for interest accrued in April 2011, prior to the issuance date ( see part b above).
Calculation of applied manufacturing overhead based on direct labor hour rate - Purpose journal entries to record these events. Use those journal entries.
Long term debt currently makes up 20% of the capital structure, preferred stock 10%, and common stock 70%. Illustrate what is the net present value of this project?
Which company will have the higher debt/capital ratio (assume no other debt and identical equity)? ABC's debt matures in 18 months and DEF's debt matures in 9 years. Illustrate what would be the effect on your analysis?
What market price would be paid for this note by an investor, who requires a 12 percent yield on his investments, compounded Quarterly?
The first letter is to be sent to Mr. Bernard Olsen, 155 Main Street, Elmsford, NY 10523 - Having reviewed more then 50 applications for our field representative position, you are our top choice for this exciting opportunity to join our excellent..
Lara's employer has a 40 percent marginal tax rate. Ignoring payroll taxes, illustrate what is the maximum amount of before-tax salary Lara would give up to receive health insurance?
The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. Explain how much higher is the manager's bonus if FIFO is adopted instead of LIFO?
Darron Co. was formed on January 1, 2009 as a wholly owned foreign subsidiary of a U.S. corporation. Darron’s functional currency was the stickle €. The following transactions events occurred during 2007: What was the amount of the translation ad..
The ending inventory was 80% completed for materials and 70% completed for conversion costs. Calculate equivalent units for conversion costs for the month in the first processing department.
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