Atable for a monthly bank reconciliation dated september 30 is given below. for each item 1 through 12, indicate whether the item should be added to or deducted from the book or bank balance, or whether it should not appear on the reconciliation. (select the answers in the appropriate cells. leave no cells blank. be certain to select "na" in fields which are not applicable.)bank balance book balance shown/not shown on reconciliation1. nsf check from customer returned on sept. 25 but not recorded by this company. 2. interest earned on the september cash balance in the bank. 3. deposit made on september 5 and processed by bank on september 6. 4. check written by another depositor but charged against this company's account. 5. bank service charge. 6. checks outstanding on august 31 that cleared the bank in september. 7. check written against the company account and cleared by the bank; erroneously not recorded by the company recordkeeper. 8. principal and interest on a note receivable to this company is collected by the bank but not yet recorded by the company. 9. checks written and mailed to payees on october 2. 10. checks written by the company and mailed to payees on september 30. 11. deposit made on september 30 after the bank closed. 12. special bank charge for collection of note in part 8 on this company? s behalf.
Answers: 3
Another question on Business
Business, 22.06.2019 06:30
Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
Answers: 1
Business, 22.06.2019 07:30
Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.
Answers: 2
Business, 22.06.2019 07:30
Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?
Answers: 2
Business, 22.06.2019 11:20
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
You know the right answer?
Atable for a monthly bank reconciliation dated september 30 is given below. for each item 1 through...
Questions
Mathematics, 15.04.2020 19:38
Social Studies, 15.04.2020 19:38
Business, 15.04.2020 19:39
History, 15.04.2020 19:39
English, 15.04.2020 19:42
