Business, 01.11.2019 06:31 johnjohnthornhi17

The following data were accumulated for use in reconciling the bank account of creative design co. for august 20y6: 1. cash balance according to the company’s records at august 31, $20,870. 2. cash balance according to the bank statement at august 31, $37,600. 3. checks outstanding, $23,375. 4. deposit in transit not recorded by bank, $7,500. 5. a check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. bank debit memo for service charges, $45. a. prepare a bank reconciliation, using the format shown in exhibit 13. b. if the balance sheet were prepared for creative design co. on august 31 what amount should be reported for cash? c. must a bank reconciliation always balance (reconcile)?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 13:10

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

Answers: 2

Answer

Business, 22.06.2019 20:00

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g

Answers: 2

Answer

Business, 22.06.2019 22:00

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.

Answers: 2

Answer

Business, 23.06.2019 00:00

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.

Answers: 1

Answer

You know the right answer?

The following data were accumulated for use in reconciling the bank account of creative design co. f...

Questions