The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, $8,438.
2. July bank service charge not recorded by the depositor $62.
3. Cash balance per books, July 31, $8,474.
4. Deposits in transit, July 31, $3,810.
5. $3,126 collected for Blossom Company in July by the bank through electronic funds transfer. The collection has not been recorded by Blossom Company.
6. Outstanding checks, July 31, $710.
Required:
a. Prepare a bank reconciliation on July 31, 2017.
b. Journalize the adjusting entries on July 31 on the books of Blossom Company.

Why should organizations be allowed to promote offensive, violent, sexual, or unhealthy products that can be legally sold and purchased?

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?