The following information pertains to Waterway Video Company. 1. Cash balance per bank, July 31, $7,863.
2. July bank service charge not recorded by the depositor $37.
3. Cash balance per books, July 31, $7,884.
4. Deposits in transit, July 31, $1,800.
5. Bank collected $1,200 note for Waterway in July, plus interest $45, less fee $29. The collection has not been recorded by Waterway, and no interest has been accrued.
6. Outstanding checks, July 31, $600.

Required:
Prepare a bank reconciliation at July 31

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to: