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Question - You gathered the following November 30 bank reconciliation from the cash records of the Thorgate Company in connection with your audit of the company's financial statements for the year 2016: Balance per bank P 560,000 Deposits in transit 123,200 Outstanding checks ( 160,000) Balance per books P 523,200 Results for the month of December follow: Bank Books Balance December 31 P692,000 P740,000 December deposits 400,000 464,800 December checks 320,000 248,000 December note collected (not included in deposits) 80,000 - December bank service charge 1,200 - December NSF check, returned by the bank (recorded by bank as a charge) 26,800 - 31. What the deposits in transit as of December 31, 2016?
What song is playing and why you think they pick that song? And, who do you believe they are targeting which all those different characters?
Jeremy earned $220,000 in salary and $3,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $18,500 in itemized deductions. Neither of his dependent..
Assuming the company's cost of equity capital is 7% use the dividend discount valuation model to estimate the company's growth rate
Grant's Graphics has a December 31 year end. Grant's Graphics records adjusting entries on an annual basis.
A company is being sued for $10,000,000 but the lawyers think it is a frivolous lawsuit and that there is a remote chance that the company will lose. How would they report this contingent liability?
How could financial institution could have avoided 2008/2009 financial crisis? Whose was to blame for the crisis and suffered the most from the crisis?
Draw up a profit and loss appropriation account for Cole, Knox and Lamb for the year ending 31 December 2017, and a statement of financial position extract at that date.
What is the accumulated sum of the following stream of payments? $912 every year at the beginning of the year for 14 years, at 6.42%, compounded annually
If your account now has $1,853.94 in it and has been earning annual compound interest of 6% for 2 years, how much was in the account to start with?
Evaluates the amount of materials handling overhead cost that should be allocated to the company's two products.
Assets are assets held by companies. One of the assets is intangible assets. Which of the assets does not belong to the category of intangible assets?
Ag Bio Tech (ABT) was organized on January 1, 2013, by four friends. Each organizer invested $12,500 in the company and, in turn, was issued 10,000 shares of common stock. To date, they are the only stockholders. During the first month, the records o..
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