Business, 28.07.2020 19:01, kimlyn58p0wyn0

The information below relates to the Cash account in the ledger of Novak Company. Balance September 1—$17,160; Cash deposited—$64,240.
Balance September 30—$17,664; Checks written—$63,736.
The September bank statement shows a balance of $16,682 on September 30 and the following memoranda.
Credits Debits
Collection of $1,623 note plus interest $37 $1,660 NSF check: Richard Nance $555
Interest earned on checking account $52 Safety deposit box rent $72
At September 30, deposits in transit were $4,580, and outstanding checks totaled $2,513.
A. Prepare the bank reconciliation at September 30. (List items that increase cash balance first. Reconcile cash balance per bank first.)
B. Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on the note.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:00, tmcdowell69

Don’t give me to many notifications because it will cause you to lose alot of points

Answers: 1

continue

Business, 22.06.2019 09:30, missheyward30

What is the relationship among market segmentation, target markts, and consumer profiles?

Answers: 2

continue

Business, 22.06.2019 11:10, chloeholt123

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Answers: 2

continue

Business, 22.06.2019 20:20, dd123984

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.

Answers: 2

continue

Do you know the correct answer?

The information below relates to the Cash account in the ledger of Novak Company. Balance September...