Business, 23.03.2020 20:33 dfbernalloboguerrero
Identify each of the following reconciling items as: An addition to the cash balance according to the bank statement. A deduction from the cash balance according to the bank statement. An addition to the cash balance according to the company's records. A deduction from the cash balance according to the company's records. Assume that none of the transactions reported by bank debit and credit memos have been recorded by the company. Write "entry" by items that will require a journal entry in the company's accounts. 1. Deposits in transit. An addition to the cash balance according to the bank statement. 2. Bank service charges. A deduction from the cash balance according to the company's records (entry). 3. NSF check. A deduction from the cash balance according to the company's records (entry). 4. Outstanding checks. A deduction from the cash balance according to the bank statement. 5. Check for $690 incorrectly recorded by the company as $960. An addition to the cash balance according to the bank statement. 6. Check for $420 incorrectly recorded by the company as $240.
Answers: 1
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Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
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Business, 22.06.2019 19:10
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
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Business, 22.06.2019 20:20
Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.
Answers: 2
Identify each of the following reconciling items as: An addition to the cash balance according to th...
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