Bank Reconciliation May 31, 2020 3
Cash balance per bank statement $ 7,209.60
Add: Deposit in transit $ 1,830.
Bank error - Tomins $ 480.00
$ 2,310.45
$ 9,520.05
Less: Outstanding checks $ 53.55
Adjusted Cash balance per Bank $ 9,466.50
Cash balance per books $ 6,100.50
Add: Electronic funds received $ 3,900.00
$ 10,000.50
Less:
NSF check $ 370.00
Error in May 12 Deposit $ 60.00
Error in recoridng Check No. 1181 $ 54.00
Check printing charge $ 50.00
Adjusted Cash balance per Books $ 534.00
$ 9,466.50
Prepare the necessary adjusting entries for Timmins Company at May 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Xt year baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. this incentive will be provided in addition to the annual raise, if productivity goals are reached. assuming the goals are reached, how much will baldwin pay its employees per hour?

The maximum tax rate on estates and gifts

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks