subject
Business, 30.10.2019 22:31 bryanawesome23

Assume that a company is preparing a bank reconciliation for the month of june. it reconciles the bank balance and the book balance to the correct balance. for each of the following items, indicate whether the item is an addition to the bank balance (a-bank), an addition to the book balance (a-book), a deduction from the bank balance (d-bank), a deduction from the book bal- ance (d-book), or would not appear on the june reconciliation (na). also, place a je next to your answer for any items that will require a journal entry on the company’s books. lo2 example 6-2, 6-3 show me how lo2 example 6-2 lo2 example 6-4 show me how lo2 example 6-41. check written in june but not yet returned to the bank for payment 2. customer’s nsf check 3. customer’s check written in the amount of $54 but recorded on the books in the amount of $45* 4. service charge for new checks 5. principal and interest on a customer’s note collected for the company by the bank 6. customer’s check deposited on june 30 but not reflected on the bank statement 7. check written on the company’s account, paid by the bank, and returned with the bank statement 8. check written on the company’s account for $123 but recorded on the books as $132* 9. interest on the checking account for the month of june

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:00
Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?
Answers: 1
question
Business, 21.06.2019 23:10
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 04:10
Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.
Answers: 1
question
Business, 22.06.2019 10:50
Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?
Answers: 2
You know the right answer?
Assume that a company is preparing a bank reconciliation for the month of june. it reconciles the ba...
Questions
Questions on the website: 13722367