Business, 08.11.2019 05:31 paper

The checks that were processed by the bank in december include all of the outstanding checks at the end of november except for check #365. in addition, there are some december checks that had not been processed by the bank by the end of the month. also, you discover that check #411 for $630 was correctly recorded by the bank but was incorrectly recorded on the books as a $360 disbursement for advertising expense. included in the bank’s deposits is a $2,100 deposit incorrectly credited to the company’s account. the deposit should have been posted to the credit of the los gatos company. the nsf checks have not been redeposited and the company will seek payment from the customers involved.

required:

1. prepare a bank reconciliation for the el gato checking account at december 31, 2018.

2. prepare any necessary adjusting journal entries indicated.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:00

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

Answers: 1

Answer

Business, 22.06.2019 20:30

Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?

Answers: 1

Answer

Business, 22.06.2019 23:00

Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system

Answers: 2

Answer

Business, 22.06.2019 23:50

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.

Answers: 2

Answer

You know the right answer?

The checks that were processed by the bank in december include all of the outstanding checks at the...

Questions