Which item will require a journal entry to update balance

Assignment Help Accounting Basics
Reference no: EM132829110

Problem 1: Which item(s) will require a journal entry to update the balance in the Cash account?

a. checks outstanding and deposits in transit

b. bank service charges, note collected by the bank, and deposits in transit

c. bank service charges, note collected by the bank, and error made by accounting

d. none of the above

Reference no: EM132829110

Questions Cloud

What is the effective cost of borrowing in this case : The current practice is to factor all receivables immediately at a 2 percent discount. What is the effective cost of borrowing in this case
Discuss ways in which you can apply the theory : Research this theorist and describe it to your classmates. Discuss ways in which you can apply the theory in your own day-to-day practice.
Compute the net present value incorporating bob estimates : Compute the net present value incorporating Bob's estimates of the value of the intangible benefits, but still using the 11% discount rate.
What annual rate of interest must you earn : You presently have $51,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education
Which item will require a journal entry to update balance : Which item(s) will require a journal entry to update the balance in the Cash account? bank service charges, note collected by the bank, and deposits in transit
Develop criteria to evaluate the effectiveness of the plan : In this assignment, you will assess a current semi-direct or indirect nursing situation that is in need of change. Observe a healthcare environment.
What will the required return on your company cash flows : The standard deviation of the market return is much lower, at 16% per year. What will the required return on your company cash flows
How would communicate with staff and students : How would communicate with staff and students about a school's safety plan? An overall school safety plan requires a process for identifying security needs
Explain the concept of globalization : Explain the concept of globalization and the role information technology has in the global market.

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.

  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!

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