Problem # 5
The following information was used to prepare the March, bank reconciliation for Benson
Machine Works. Identify the items that require adjustment to the cash balance per books and
prepare the appropriate adjusting entries.
1. Included with the
Name: My Huyen Trinh
Instructor: Bill Reed
May 31, 2011
Cash balance per bank statement
Add: Deposit in transit
Less: Outstanding check
Problem # 4
The cash records of Elston Company show the following:
1. The June 30 bank reconciliation indicated that deposits in transit totaled $390. During July, the general
ledger Cash account shows deposits of $9,600, but the bank statement indicates
The August bank statement for Mobile Service shows a balance of $8,900, but the
balance per books shows a cash balance of $8,310. Other information includes:
1. A check for $10 was recorded on the books as $100.
2. Included on
Principles of Accounting II, &202
Winter Quarter 2015
VERIFICATION OF UNDERSTANDING AND COURSE WORK AGREEMENT
KEY SUCCESS INDICATORS
My commitment to success in this course is (choose one)
I am willing to commit to studying Ac
Legal Analysis Report
For this report, I have decided to interview a friend/old co-worker of mine who is a manager at
one of the Kate Spade stores. From this interview, Ive been reminded that they hold strict regulations o
The business cycle depicts short-run fluctuation in output and employment.
The major cause to recession is inflation; the standards of output and living decline.
Real GDP (real gross domestic product), measures the value of final goods and serv
Business Law Group Project
MegaMart possible liabilities:
A battery involves offensive, harmful, unprivileged touching
Offensive touching, when the officer
Contract Law Exam: Essay Question
For each situation, (1) discuss whether mutual assent, consideration, capacity, and legality exist; (2)
determine whether Smart Lady entered into a contract; and (3) determine who the other party to the
contract is. In ot
1. Bank service charge.
D_ 2. Outstanding checks.
3. Check for $320 correctly written and paid by the bank but incorrectly entered
in the cash payments journal for $230.
4. Deposit in transit.
A) JOSH BANKS
Deposit in Transit
Exam 2 Notes: Business Law
The Law of Torts
A private wrong that injures another persons physical well-being, emotional health,
business, property, or reputation.
Contract agreements between parties.
Property ownership rights.
Torts a case in which s