ACCT 110, Item 1112, OL, Small Business Accounting
College Accounting, Jeffrey Slater, 12th Edition Bundle (ISBN:
Homework and weekly quizzes must be submitted using online homework
Using the code letters below, indicate how each of the items listed would be handled
in preparing a bank reconciliation. Enter the appropriate code letter in the space to
the left of each item.
Add to cash balance per books
P8-5A Videosoft Company maintains a checking account at the Intelex Bank. At July 31, selected data from the general ledger account and the bank statement are as follows:
Cash in Bank
Balance, July 1
2. Time value of money means that a dollar today is worth more than a dollar a year from now if
for no other reason than you could put the dollar in a bank today.
4. Accounting net income is based on accruals rather than on cash flows. Both the net
2. I chose ABC. And some planning and control activities managers would engage in would be
deciding how many shows to schedule, how much money they give to each show, how they will
pick up new shows, and so on. Also they would have to decide if
The Financial Project for the Walt Disney Company
By: CASSIE MINA and KAITLIN GOODSELL
To be one of the worlds leading providers and producers of entertainment and
information. Using our portfolio of brands to differentiate o
A) JOSH BANKS
Deposit in Transit
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.
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
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
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
Discuss the similarities and differences between common stock and preferred stock
Both common and preferred stock give the investor an ownership interest in a company and both
trade on a stock exchange.
If a company dissolves, preferred shareh
Behavior styles are the styles of an individual, which will tell us about one another .Each
person has a style that is different and neither is better or worse than the other each has the ability
to compliment one another. Behavioral style