While reconciling the checking account the staff accountant

Assignment Help Accounting Basics
Reference no: EM13576823

While reconciling the checking account, the staff accountant for Jetway Corp. noticed that an error had been made in recording a check received by the company. Jetway recorded the receipt as $729 and the correct amount of the check was actually $279. What reconciling adjustment should the accountant make to correct this error?

Reference no: EM13576823

Questions Cloud

All sales are made on account at 20 per unit sixty percent : 1. all sales are made on account at 20 per unit. sixty percent of the sales are collected in the month of sale the
The rockwell electronics corporation retains a service : the rockwell electronics corporation retains a service crew to repair machine breakdowns that occur on an average of
Sally purchased a new computer five-year property on june 1 : sally purchased a new computer five-year property on june 1 2013 for 4000. sally could use the computer 100 of the time
Using the relative frequency approach what is the : the national center for health statistics reported that of every 883 deaths in recent years 24 resulted from an
While reconciling the checking account the staff accountant : while reconciling the checking account the staff accountant for jetway corp. noticed that an error had been made in
What is the 95 confidence interval for the proportion of : q1. the internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the
Lori who is single purchased five-year class property for : lori who is single purchased five-year class property for 200000 and seven-year class property for 400000 on may 20
Compare a 3-month moving average forecast with an : alabama building contracts for a 12-month period in millions of dollars are 240 350 230 260 280 320 220 310 240 310 240
Assume the company estimates bad debt using anging anlyasis : slider company sales its marchemdice only when crdiet. the following data is avalible in december 31 2014sales

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