Homework Answers
| 17] | D] Deposits. |
| 18) | B] An addition on the book side. |
| 19] | B] Receivables occur when a business …............party. |
| 20] | C] Notes receivable…........than accounts receivable. |
| 21] | C] Notes receivable due in 5 years. |
| 22] | A] Amounts paid…...............intended use. |
| 23] | C] $10,000 |
| 24] | B] Fencing |
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17. Which of the following items will NOT appear as deductions on a bank statement? A)...
Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. ts...
Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. ts $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX An NSF check from a customer.
What’s the answers form 33-40 answers fast put only the answers for Sio,000 at 8% from...
What’s the answers form 33-40 answers fast put only the answers
for Sio,000 at 8% from one of its was unable to pay, and the 33) 33) On January 1, Southwest Company accepted a one-year note customers. When the note matured on December 31, the customer company Tecorded the dishonor. The amount of the debit recorded on December 31 D) $4800 A) 555,200 B) 560,000 C) 564,800 34) 34) Which of the following is included in the numerator of the...
12. Inte al control d protects from e guarantee the company will campo d ensure that...
12. Inte al control d protects from e guarantee the company will campo d ensure that business Information is one the bar 13. The amount of deposits in Hount of deposits in transit is included a. deduction from the balance the company's b. deduction from the balance perbank e n e addition to the balance per bank statement d. addition to the balance per company books 14. The bank reconciliation a. should be prepared by an employee who records castrech...
7. Which of the following items that appears on a bank reconciliation requires an adjusting entry?...
7. Which of the following items that appears on a bank reconciliation requires an adjusting entry? A. Deposit in transit. B. Bank service charges. C. Outstanding checks. D. All of the above. 8. A properly administered bank reconciliation shows how much should be reported on the balance sheet for cash. A. True. B. False. 9. Which of the following is a fund containing a small amount of cash that is used to pay for minor expenditures? A. Payroll fund. B....
1) The bank statement that a depositor receives from the bank includes a. notification of amounts deducted...
1) The bank statement that a depositor receives from the bank includes a. notification of amounts deducted by the bank to cover such things as the cost of a supply of new checks ordered by the depositor. b. a designation of which checks are still outstanding at the end of the month. c. a designation of which deposits are in transit at the end of the month. d. notification of errors made by the depositor in recording checks written during the month in the...
7. Which of the following would be classified as a financing activity on a statement of...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
wme following would be added to the balance per bank on a bank reconciliation? 8. Which of the following would be a...
wme following would be added to the balance per bank on a bank reconciliation? 8. Which of the following would be added to the ba a. Outstanding checks b. Deposits in transit c. Notes collected by the bank d. Service charges 9. A check returned by the bank marked "NSF" means a. no service fee. b. no signature found c. not satisfactorily filled out. d. not sufficient funds. 10. Deposits in transit a. have been recorded on the company's books...
Match the descriptions with the appropriate terms. Bank Reconciliation a. Statement issued by bank describing the...
Match the descriptions with the appropriate terms. Bank Reconciliation a. Statement issued by bank describing the activities in a depositor's checking account NSF Check b. A document prepared by the bank to explain a deduction from a depositor's account. Debit Memo Deposit in Transit C. The party to whom the check is payable to. Payee d. Statement prepared by company personnel to explain the difference between the cash balance on Check the bank statement versus the cash balance on the...
15. Which of the following items will not appear in the retained earnings statement? a. Net...
15. Which of the following items will not appear in the retained earnings statement?a. Net loss.b. Prior period adjustmentc. Discontinued operationsd. Dividends16. Which of the following is not a generally practiced method of presenting the income statement?a. Including prior period adjustments in determining net incomeb. The single-step income statemento. The consolidated statement of incomed. Including gains and losses from discontinued operations of a component of a business in determining net income17. A change in accounting principle requires that the cumulative...
7) If the balance on the bank statement does not equal the balance in the company's...
7) If the balance on the bank statement does not equal the balance in the company's cash account: A) It is perfectly normal for the two balances to be different. B) The bookkeeper made a mistake. C) Both the bank and the bookkeeper made a mistake. D) The bank made a mistake. 8) A bank reconciliation: A) Is a formal financial statement. B) Should be prepared by an employee who handles cash transactions. C) Is done only at the end...
Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. ts $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX An NSF check from a customer.
What’s the answers form 33-40 answers fast put only the answers
for Sio,000 at 8% from one of its was unable to pay, and the 33) 33) On January 1, Southwest Company accepted a one-year note customers. When the note matured on December 31, the customer company Tecorded the dishonor. The amount of the debit recorded on December 31 D) $4800 A) 555,200 B) 560,000 C) 564,800 34) 34) Which of the following is included in the numerator of the...
12. Inte al control d protects from e guarantee the company will campo d ensure that business Information is one the bar 13. The amount of deposits in Hount of deposits in transit is included a. deduction from the balance the company's b. deduction from the balance perbank e n e addition to the balance per bank statement d. addition to the balance per company books 14. The bank reconciliation a. should be prepared by an employee who records castrech...
7. Which of the following items that appears on a bank reconciliation requires an adjusting entry? A. Deposit in transit. B. Bank service charges. C. Outstanding checks. D. All of the above. 8. A properly administered bank reconciliation shows how much should be reported on the balance sheet for cash. A. True. B. False. 9. Which of the following is a fund containing a small amount of cash that is used to pay for minor expenditures? A. Payroll fund. B....
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
wme following would be added to the balance per bank on a bank reconciliation? 8. Which of the following would be added to the ba a. Outstanding checks b. Deposits in transit c. Notes collected by the bank d. Service charges 9. A check returned by the bank marked "NSF" means a. no service fee. b. no signature found c. not satisfactorily filled out. d. not sufficient funds. 10. Deposits in transit a. have been recorded on the company's books...
Match the descriptions with the appropriate terms. Bank Reconciliation a. Statement issued by bank describing the activities in a depositor's checking account NSF Check b. A document prepared by the bank to explain a deduction from a depositor's account. Debit Memo Deposit in Transit C. The party to whom the check is payable to. Payee d. Statement prepared by company personnel to explain the difference between the cash balance on Check the bank statement versus the cash balance on the...
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