Homework Answers
Solution:
The Journal entry to be recorded is "A debit to cash for $5,125, a credit to cash overage for $19 and a credit to sales revenue for $5,106"
Hence last option is correct.
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See all photos + Add to The cashier for Bell Buoy rang up sales totaling $5,106,...
See all photos + Add to If a bank reconciliation included a deposit in transit of...
See all photos + Add to If a bank reconciliation included a deposit in transit of $770, the company's journal entry for this reconciling Item would include: Multiple Choice Ο a credit to accounts receivable for $770. Ο nothing, because the deposit has already been recorded. Ο a debit to cash of $770. Ο a credit to cash of $770.
On June 4, Marie Co. had cash sales rung up by cashiers totaling $121,000. Cash in...
On June 4, Marie Co. had cash sales rung up by cashiers totaling $121,000. Cash in the drawer was counted and found to be $127,000. The journal entry to record the day's sales would include a: Multiple Choice O credit to Cash Overage for $6,000. O credit to Sales Revenue for $127,000. O debit to Sales Revenue for $121,000. o debit to Cash for $121,000.
Chap 99 . willed to come. With A company has advance subscription sales totaling $45,000 for...
Chap 99 . willed to come. With A company has advance subscription sales totaling $45,000 for the upcoming year when four party you company malls the first quarterly Journal to customers, should recordi Multiple Choice Debit Cash $11,250, credit Sales $11,250. Debit Prepaid Subscriptions $33,750; credit Uneamed Revenue $33,750. Debit Prepaid Subscriptions $11,250, credit Sales $11,250. Debit Unearned Revenue $11,250, credit Sales $11.250. Debit Unearned Revenue $45,000; credit Cash $45,000
See all photos + Add to Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The ban...
See all photos + Add to Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,600, outstanding checks of $2,200, a NSF check of $900, bank service charges of $40 and the EFT from a customer in payment of the customer's account of $1,700. What was the cash balance on the Egrane's books (before the adjustments for items on the bank...
Picture Tools Screenshots hotos - 2019-11-03 (41).png See all photos + Add to Qo ♡ %...
Picture Tools Screenshots hotos - 2019-11-03 (41).png See all photos + Add to Qo ♡ % à On October 31, 2018, the bank statement shows that your company has $14,156.73 in its checking account. You are aware of three outstanding checks that total of $3,912.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 954.19 because of insufficient funds and charged you $36.00 in service fees. You had not yet received notice about the bad checks,...
tOs 0)-phg Add to See all photos Egrane, Inc.'s monthly bank statement showed the ending balance...
tOs 0)-phg Add to See all photos Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $19,200. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,850, outstanding checks of $2,700, a NSF check of $1,400, bank service charges of $65 and the EFT from a customer in payment of the customer's account of $2,200. What is the up-to-date ending Cash balance? Multiple Choice $21,885 $17,615 $20,050
notos - 2019-11-03 (48).png See all photos + Add to Q & A % 2 6...
notos - 2019-11-03 (48).png See all photos + Add to Q & A % 2 6 The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: $1,155 894 682 61 Cash balance per bank statement Cash balance per books (prior to reconciliation) Outstanding check #643 Outstanding check #651 Bank service charges Customer check returned by bank as NSF Deposits in transit Interest received from bank 110 370 41 The amount of cash that...
See all photos + Add to Q ♡ Urban Bloom, Inc.'s books show an ending cash balance of $17,500 before preparing the b...
See all photos + Add to Q ♡ Urban Bloom, Inc.'s books show an ending cash balance of $17,500 before preparing the bank reconciliation. Glven the bank reconciliation shows outstanding checks of $4,500, deposits in transit of $3,500, NSF check of $250, and interest earned on the bank account of $160, the company's up-to-date ending cash balance equals: Multiple Choice 0 $17,410 0 0 C
Photos - Screenshot (259).png See all phalus + Add to Search X Edit & Creale Share...
Photos - Screenshot (259).png See all phalus + Add to Search X Edit & Creale Share 8 ... Page 1: The Parent Company had purchased a piece of equipment for $100,000 the equipment is expected to last 10 years with no salvage. At the beginning of year 5, Parent Company sold the equipment to its wholly owned subsidiary Subbie Company for $66000. Subbie Company believes the machine will last 6 years and have no salvage. Subbie also uses straight line...
Photos - Screenshot (255).png See all phalus + Add to Search > Edit & Create S...
Photos - Screenshot (255).png See all phalus + Add to Search > Edit & Create S hare 6 .. Question 1 (1 point) The Parent Company had purchased a piece of equipment for $100,000 the equipment is expected to last 10 years with no salvage. At the beginning of year 5, Parent Company sold the equipment to its wholly owned subsidiary Subbie Company for $66000. Subbie Company believes the machine will last 6 years and have no salvage. Subbie also...
See all photos + Add to If a bank reconciliation included a deposit in transit of $770, the company's journal entry for this reconciling Item would include: Multiple Choice Ο a credit to accounts receivable for $770. Ο nothing, because the deposit has already been recorded. Ο a debit to cash of $770. Ο a credit to cash of $770.
On June 4, Marie Co. had cash sales rung up by cashiers totaling $121,000. Cash in the drawer was counted and found to be $127,000. The journal entry to record the day's sales would include a: Multiple Choice O credit to Cash Overage for $6,000. O credit to Sales Revenue for $127,000. O debit to Sales Revenue for $121,000. o debit to Cash for $121,000.
Chap 99 . willed to come. With A company has advance subscription sales totaling $45,000 for the upcoming year when four party you company malls the first quarterly Journal to customers, should recordi Multiple Choice Debit Cash $11,250, credit Sales $11,250. Debit Prepaid Subscriptions $33,750; credit Uneamed Revenue $33,750. Debit Prepaid Subscriptions $11,250, credit Sales $11,250. Debit Unearned Revenue $11,250, credit Sales $11.250. Debit Unearned Revenue $45,000; credit Cash $45,000
See all photos + Add to Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,600, outstanding checks of $2,200, a NSF check of $900, bank service charges of $40 and the EFT from a customer in payment of the customer's account of $1,700. What was the cash balance on the Egrane's books (before the adjustments for items on the bank...
Picture Tools Screenshots hotos - 2019-11-03 (41).png See all photos + Add to Qo ♡ % à On October 31, 2018, the bank statement shows that your company has $14,156.73 in its checking account. You are aware of three outstanding checks that total of $3,912.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 954.19 because of insufficient funds and charged you $36.00 in service fees. You had not yet received notice about the bad checks,...
tOs 0)-phg Add to See all photos Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $19,200. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,850, outstanding checks of $2,700, a NSF check of $1,400, bank service charges of $65 and the EFT from a customer in payment of the customer's account of $2,200. What is the up-to-date ending Cash balance? Multiple Choice $21,885 $17,615 $20,050
notos - 2019-11-03 (48).png See all photos + Add to Q & A % 2 6 The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: $1,155 894 682 61 Cash balance per bank statement Cash balance per books (prior to reconciliation) Outstanding check #643 Outstanding check #651 Bank service charges Customer check returned by bank as NSF Deposits in transit Interest received from bank 110 370 41 The amount of cash that...
See all photos + Add to Q ♡ Urban Bloom, Inc.'s books show an ending cash balance of $17,500 before preparing the bank reconciliation. Glven the bank reconciliation shows outstanding checks of $4,500, deposits in transit of $3,500, NSF check of $250, and interest earned on the bank account of $160, the company's up-to-date ending cash balance equals: Multiple Choice 0 $17,410 0 0 C
Photos - Screenshot (259).png See all phalus + Add to Search X Edit & Creale Share 8 ... Page 1: The Parent Company had purchased a piece of equipment for $100,000 the equipment is expected to last 10 years with no salvage. At the beginning of year 5, Parent Company sold the equipment to its wholly owned subsidiary Subbie Company for $66000. Subbie Company believes the machine will last 6 years and have no salvage. Subbie also uses straight line...
Photos - Screenshot (255).png See all phalus + Add to Search > Edit & Create S hare 6 .. Question 1 (1 point) The Parent Company had purchased a piece of equipment for $100,000 the equipment is expected to last 10 years with no salvage. At the beginning of year 5, Parent Company sold the equipment to its wholly owned subsidiary Subbie Company for $66000. Subbie Company believes the machine will last 6 years and have no salvage. Subbie also...
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