Spielberg company's general ledger shows a checking account balance of $22,970 on july 31, 2018. the july cash receipts of $1,885, included in the general ledger balance, are placed in the night depository at the bank on july 31 and processed by the bank on august 1. the bank statement dated july 31 shows bank service fees of $55. the bank processes all checks written by the company by july 31 and lists them on the bank statement, except for one check totaling $1,460. the bank statement shows a balance of $22,490 on july 31.

1. prepeare a bank reconciliation to calculate the correct ending balance of cash on july 31, 2018.
2. record the necessary entry(ies) to adjust the balance for cash.

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.