The following information pertains to lance company.
1. cash balance per bank, july 31, $7,328.
2. july bank service charge not recorded by the depositor $38.
3. cash balance per books, july 31, $7,364.
4. deposits in transit, july 31, $2,700.
5. $2,016 collected for lance company in july by the bank through electronic funds transfer. the collection has not been recorded by lance company.
6. outstanding checks, july 31, $686.
the following information pertains to lance compan

the following information pertains to lance compan
1- prepare a bank reconciliation at july 31, 2017

2- journalize the adjusting entries at july 31 on the books of lance company

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%

Experienced problem solvers always consider both the value and units of their answer to a problem. why?