Homework Answers
| Adjustment | Reason | |
| a) | subtracted from Balance as per Bank | Since the check issued is subtracted already from book balance therefore in order to match same balance is subtracted from bank balance |
| b | Added to Balance as per bank | Since deposit is added to book balance when received however same does not appear on bank statement.therefore in order to reconcile the balance ,same is added to bank balance |
| c | subtracted from book balance | Since bank charges are already debited or subtracted by bank therefore in order to match the amount is subtracted from book balance |
| d | Added to book balance | Since EFT amount from customer increases the bank balance therefore in order to match the amount is added to book balance |
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You r is incorrect Jayden Randolph owns Randolph Electrie Jayendes you to how he share the...
Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted...
Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted balance per his books is $10,334 and the unadjusted balance on his bank statement is $7,851. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,420 (b) Deposits in transit of $6,200 (c) Debit memorandum for bank service charge of $23 (d) EFT of $2,320 from a customer for goods received (List items that increase balance as per bank & books first.)
O 04:37:28 Hide Timer Jayden Sheridan owns Sheridan Electric and indicates on December 31 the unadjusted...
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OURCES ΠΗ Do It Review 7-03 Roger Richman owns Richman Blankets. He asks you to explain how he should treat the fol...
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PLEASE help me with instruction A, B, C,D. if you can, you can do all al...
PLEASE help me with instruction A, B, C,D. if you can, you can
do all al them!
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I have this excel spreadsheet home work I'm not quite sure how to do it rontr...
I have this excel spreadsheet home work I'm not quite
sure how to do it
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Credit $ 1.200 Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Debit Cash $ 24,300 Accounts...
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Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted balance per his books is $10,334 and the unadjusted balance on his bank statement is $7,851. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,420 (b) Deposits in transit of $6,200 (c) Debit memorandum for bank service charge of $23 (d) EFT of $2,320 from a customer for goods received (List items that increase balance as per bank & books first.)
O 04:37:28 Hide Timer Jayden Sheridan owns Sheridan Electric and indicates on December 31 the unadjusted balance per his books is $9.634 and the unadjusted balance on his bank statement is $7.318. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,320 (b) Deposits in transit of $5,780 (c) Debit memorandum for bank service charge of $26 (d) EFT of $2,170 from a customer for goods received. (List items that increase balance as per bank & books first.)...
OURCES ΠΗ Do It Review 7-03 Roger Richman owns Richman Blankets. He asks you to explain how he should treat the following reconciling items when reconciling the company's bank account. Deduct from balance per bank Add to balance per bank 2-12 7-13 -03 1. Outstanding checks. 2. A deposit in transit. 3. The bank charged to the company account a check written by another company. 4. A debit memorandum for a bank service charge. a-b (Part lon) LINK TO TEXT
O AU TIL (25') The December cash record of Fort Imports and Exports Co. follows: Cash Receipts Date - Cash Payments Cash Debit Date Check Cash Credit No. Dec 5 $ 2,260 Dec 5 $ 2,735 4,718 305 3,190 306 150 1,004 307 3,266 Total S 11,172 309 175 310 2.400 Total $9,128 12 304 23 402 306 105 280- 28- 31 175 ABB Insurance's cash account shows a balance of $5,657 at December 31. On December 31, 2017 the...
N Case Analysis 1 Smart Supplies Inc. s operating its business in GTA and dealing with different company maintains its bank account with TD bank. The bank sent end of each moth. Martin the CEO of the organization normally book balance regularly in order to see everything going on smoothly. who maintains cash book gives Martin monthly cash balance in the month of July 2019, Martin noted that there is a big different in warance as per TD Bank statement...
PLEASE help me with instruction A, B, C,D. if you can, you can
do all al them!
Credit $ 1.200 Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Debit Cash $ 24,300 Accounts Receivable 22.400 Allowance for Doubtful Accounts Equipment 20.000 Accumulated Depreciation Equipment Buildings 100,000 Accumulated Depreciation-Buildings Land 20,000 Accounts Payable Common Stock Retained Earnings 15,000 15.000 12.120 90.000 53.130 S186,700 During the first quarter of 2022, the following transaction occurred: 1. On February 1. Aberkonkie collected fees of...
I have this excel spreadsheet home work I'm not quite
sure how to do it
rontr Alignment Number 19 1 DEPRECIATION 2 A machine with a cost of $260,000 has an estimated salvage value of $20,000 and an estimated life of 6 years or 15,000 hours 4 It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year? a. 6 1) 7 8 9 10 What is the amount of depreciation...
Credit $ 1.200 Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Debit Cash $ 24,300 Accounts Receivable Allowance for Doubtful Accounts Equipment 20.000 Accumulated Depreciation Equipment Buildings 100.000 Accumulated Depreciation-Buildings Land 20,000 Accounts Payable Common Stock Retained Earnings 15.000 15.000 12,370 90.000 53.130 $186,700 16.700 During the first quarter of 2022, the following transaction occurred: 1. On February 1. Aberkonkie collected fees of $12.000 in advance. The company will perform $1,000 of services each month from February 1, 2022. to...
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