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Need help! Read the instructions. Comprehensive Problem 3 Part 2: The following is a comprehensive problem which en...
Part 2: The following is a comprehensive problem which encompasses all of the elements learned in...
Part 2: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing part 2. Based on the following data, prepare a bank reconciliation for December of the current year: a. Balance according to the bank statement at December 31, $283,000. b. Balance according to the ledger at December 31, $245,410....
PLEASE HELP!!!!! This is part of part 3 Comprehensive Problem 3 this is part 1 & 2 Comprehensiv...
Comprehensive Problem 3 Part 3: Note: You must complete parts 1 and 2 before completing part 3 of this comprehensive problem. Based on the bank reconciliation prepared in (2), journalize the entry or entries to be made by Kornett Company. Use the Miscellaneous Administrative Expense account to record bank service charges. If an amount box does not require an entry, leave it blank. Comprehensive Problem 3 Part 1: Selected transactions completed by Kornett Company during its first fiscal year ended December 31, 20Y5, were as...
This is due in a week. Please help! Chapter Review 10-7i Comprehensive Problem 3 Selected transactions...
This is due in a week. Please help!
Chapter Review 10-7i Comprehensive Problem 3 Selected transactions completed by Komett Company during its first fiscal year ended December 31, 20Y5, were as follows GENERAL LEDEER Jan ssued a check to establish a petty cash fund of $4,500 3. Feb. 26. Replenished the petty cash fund, based on the tollowing summary of petty cash receipts: ofice supplies, 31,680: miscellaneous selling expense,$570; miscelaneouS administrative expense, $880. Apr. Purchased $31,300 of merchandise on accounıt,...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $17,490. 2. Cash balance according to the bank statement at July 31, $18,520. 3. Checks outstanding, $3,550. 4. Deposit in transit, not recorded by bank, $2,850. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for...
I need help with my excel spreadsheet that is all that is on the spreadsheet X...
I need help with my excel spreadsheet
that is all that is on the spreadsheet
X for Use the following information to prepare a bank reconciliation for Handy Comp F G H om BANK RECONCILIATION & JOURNAL ENTRIES 1) Use the following information to prepare a bank reconciliation for Handy Company for August 31, 201 62) Once you complete the bank reconciliation, prepare any necessary journal entries. a) Balance per bank at August 31 is $10,279.43. b) Balance per book...
Adjusted balance: $32,630 Show Me How EX 8-18 Bank reconciliation OBJ. 5 The following data were...
Adjusted balance: $32,630 Show Me How EX 8-18 Bank reconciliation OBJ. 5 The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in...
Comprehensive Problem 1Part 8:The following is a comprehensive problem which encompasses allof the...
Comprehensive Problem 1Part 8:The following is a comprehensive problem which encompasses all
of the elements learned in previous chapters. You can refer to the
objectives for each chapter covered as a review of the
concepts.NOTE: You must complete parts 1, 2, 3, 4, 6 and
7 before completing part 8. Part 5 is optional.Prepare an income statement.Kelly ConsultingIncome StatementFor the Month Ended May 31, 20Y8Fees earned$Expenses:Salary expense$Rent expenseSupplies expenseDepreciation expenseInsurance expenseMiscellaneous expense Total expensesNet income$Prepare a statement of stockholders’ equity. If...
NEED HELP WITH THIS INFORMATION!!!!!! Comprehensive Problem 3 Part 5: Note: You must complete parts 1,...
NEED HELP WITH THIS INFORMATION!!!!!!
Comprehensive Problem 3 Part 5: Note: You must complete parts 1, 2, 3, and 4 of this comprehensive problem before completing part 5 Based on the following information and the post-closing trial balance that follows, prepare a balance sheet in report form at December 31 of the current year: The merchandise inventory is stated at cost by the LIFO method. The product warranty payable is a current liability. Vacation pay payable: Current liability $7,140 Long-term...
Problem 7.7A Short Comprehensive Problem L.O. 1, 3, 4, 5, 6, 7 (25) The Scooter Warehouse...
Problem 7.7A Short Comprehensive Problem L.O. 1, 3, 4, 5, 6, 7 (25) The Scooter Warehouse provided the following information at December 31, 2013: Bank Reconciliation General ledger cash Bank statement balance, balance, 12/31/13 $ 17,566 12/31/13 $ 16,306 Bank service charge Deposits in transit 2,450 Returned customer checks marked NSF (375) Outstanding checks (1,356) Error in recording of office supplies 234 Adjusted cash balance, Adjusted cash balance. 12/31/13 $ 17,400 12/31/13 $ 17,400 Investment in securities The company invested...
Comprehensive Problem 1 Part B Page 150 COMPREHENSIVE PROBLEM 1 PART B (CHAPTERS 1, 3, 4)...
Comprehensive Problem 1 Part B
Page 150 COMPREHENSIVE PROBLEM 1 PART B (CHAPTERS 1, 3, 4) The purpose of Comprehensive Problem 1 is to review and reinforce your understanding of the accounting cycle. The number of accounts included in this comprehensive problem has been kept to a minimum so that you can simulate what might happen in actual practice without unnecessary redundancy or excessive time requirements BACKGROUND Sam and Ben considered the first year of operations of Sparkle Pool &...
This is due in a week. Please help!
Chapter Review 10-7i Comprehensive Problem 3 Selected transactions completed by Komett Company during its first fiscal year ended December 31, 20Y5, were as follows GENERAL LEDEER Jan ssued a check to establish a petty cash fund of $4,500 3. Feb. 26. Replenished the petty cash fund, based on the tollowing summary of petty cash receipts: ofice supplies, 31,680: miscellaneous selling expense,$570; miscelaneouS administrative expense, $880. Apr. Purchased $31,300 of merchandise on accounıt,...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $17,490. 2. Cash balance according to the bank statement at July 31, $18,520. 3. Checks outstanding, $3,550. 4. Deposit in transit, not recorded by bank, $2,850. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for...
I need help with my excel spreadsheet
that is all that is on the spreadsheet
X for Use the following information to prepare a bank reconciliation for Handy Comp F G H om BANK RECONCILIATION & JOURNAL ENTRIES 1) Use the following information to prepare a bank reconciliation for Handy Company for August 31, 201 62) Once you complete the bank reconciliation, prepare any necessary journal entries. a) Balance per bank at August 31 is $10,279.43. b) Balance per book...
Adjusted balance: $32,630 Show Me How EX 8-18 Bank reconciliation OBJ. 5 The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in...
NEED HELP WITH THIS INFORMATION!!!!!!
Comprehensive Problem 3 Part 5: Note: You must complete parts 1, 2, 3, and 4 of this comprehensive problem before completing part 5 Based on the following information and the post-closing trial balance that follows, prepare a balance sheet in report form at December 31 of the current year: The merchandise inventory is stated at cost by the LIFO method. The product warranty payable is a current liability. Vacation pay payable: Current liability $7,140 Long-term...
Problem 7.7A Short Comprehensive Problem L.O. 1, 3, 4, 5, 6, 7 (25) The Scooter Warehouse provided the following information at December 31, 2013: Bank Reconciliation General ledger cash Bank statement balance, balance, 12/31/13 $ 17,566 12/31/13 $ 16,306 Bank service charge Deposits in transit 2,450 Returned customer checks marked NSF (375) Outstanding checks (1,356) Error in recording of office supplies 234 Adjusted cash balance, Adjusted cash balance. 12/31/13 $ 17,400 12/31/13 $ 17,400 Investment in securities The company invested...
Comprehensive Problem 1 Part B
Page 150 COMPREHENSIVE PROBLEM 1 PART B (CHAPTERS 1, 3, 4) The purpose of Comprehensive Problem 1 is to review and reinforce your understanding of the accounting cycle. The number of accounts included in this comprehensive problem has been kept to a minimum so that you can simulate what might happen in actual practice without unnecessary redundancy or excessive time requirements BACKGROUND Sam and Ben considered the first year of operations of Sparkle Pool &...
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