Business, 23.04.2020 16:57 wowihavefun

The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2016, bank statement included the following information:Balance, October 1, 2016 $ 32,710 Deposits 87,000 Checks processed (76,200) Service charges (370) NSF checks (1,620) Monthly loan deducted directly by bank from account (includes $420 in interest) (3,620)Balance, October 31, 2016 $37,900The company's general ledger cash (checking) account had a balance of $42,582 at the end of October. Deposits outstanding totaled $4,244, and all checks written by the company were processed by the bank except for those totaling $5,640. In addition, a check for $520 for the purchase of office furniture was incorrectly recorded by the company as a $52 disbursement. The bank correctly processed the check during October. Required: 1. Prepare a bank reconciliation for the month of October.2. Record the correction of error in cash disbursement.3. Record the credits to cash revealed by the bank reconciliation.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:00

Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?

Answers: 2

Answer

Business, 22.06.2019 07:10

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Answers: 1

Answer

Business, 22.06.2019 09:20

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

Answers: 2

Answer

Business, 22.06.2019 11:30

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

Answers: 3

Answer

You know the right answer?

The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a ba...

Questions