Exam 2 Review - students

Use the work bank to complete the following

Export PDF as long image without watermark Export FUNDAMENTALS OF ACCOUNTANCY BUSINESS AND MANAGEMENT 2 Self-Learning Activity 9 Name Year/Block: Date Direction: Write your answers on the space provided at the back of this Self Learning Activity. Learning Objective: After reading the module, the learners shall be able to: 4. Describe the nature of a bank reconciliation statement. 5. Identify common reconciling items and describe each of them. 6. Analyze the effects of the identified reconciling items. Reference: Quarter 1 Module 9 – Fundamentals of Accountancy, Business and Management 2 LEARNING ACTIVITY 9:1 Presented hereunder are the details of your Cash Receipts Journal, Cash Disbursements Journal and the Bank Statement of Banco de Oro. Cash Receipts Journal O.R. Number Amount Payor Odessa Alera Date 0001 P 30,000 June 3 0002 0003 20,000 5,000 20 Arnold Navales 29 Juanita Nambatac 0004 10,000 30 Kyle Jamora Cash Disbursements Journal Check Number Amount Payee Star 5 Grocery DX…

lemic Calendar My MCBS Library English (en) - ndamentals of Financial Accounting Summer Session 12021/ACT 140/D2 / Final Examination/ AC In a bank reconciliation statement, explain. A. Non-sufficient-funds (NSF) check B. What is a deposit in transit? A BI - mcbs.proctoring.online is sharing your screen. Stop 11

Exam word list: write the names, numbers or things asked for one below the other, each on a new line 1 2 • • In Grade 8 you will use cash receipts and cash payments to record transactions. Cash receipts: money received from outside the business, for example the rental y received from your tenant - duplicate receipt capital contribution by owner - duplicate receipt you money received from rendering (providing) a service-cash register duplicate receipt/cash invoice deposits into the bank account - duplicate deposit slip transfers directly into the bank account of the business - bank statement. Cash payments: transfers directly from the bank account of the business-EFT notification and bank statement. Activity 1 Answer questions on transactions and source docum What information is necessary when recording a transaction in the books of a business? List in each of the following transactions which source document Abby Electricians will use to record the transactions in his books Transaction…

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courses / FINA 415-1-20201 / General/ FINAL EXAM- FINA 415- FALL 2020- Which of the Deposits in the bank provides facility for bank overdraft? Select one: O a. Current Deposits O b. Savings Deposits O c. Overdraft O d. Recurring Deposits O e. Time Deposits Clear my choice

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H2. Account

Exercise 6-6A (Static) Which form(s) should be prepared and filed by companies with employees and payroll tax liabilities exceeding $50,000 as of December 31, 20XX? (You may select more than one answer. Single click the box with the question mark to produce a check mam for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) W F2 ?Form W-2 ? Form 941 ?Form W-4 ?Form 940 # 3 E JUL 15 80 F3 $ 4 R Q F4 % 5 * 8 DII F8 1 ( 9 A F9 0 ) 0 2 J F10 J K L P 4 F11 A + { 4) ( F12

Question 8 What are the educational requirements to receive a CPA certificate in the State of Connecticut?     A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses     A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses     A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses     A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses

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Tue Sep narks Window Help A v2.cengagenow.com Learning Module 2 – ACCT1105: Financia. * CengageNOWv2 | Online teach Student Services & Financial Aid O Mail - Whisby (STUDENT), Keyosha - Ou. eBook Show Me How Federal Income Tax Withholding Stan Stately's weekly gross earnings for the present week were $2,400. Stately has two exemptions. Using the wage bracket withholding table in Exhibit 2 with an $81 standard withholding allowance for each exemption, what is Stately's federal income tax withholding? Round your answer to two decimal places. Feedback Previous Next> Check My Work Save and Exit Submit Assignment for Grading All work saved. tv 21 DII DD 888 F10 F1 F12 F5 F7 FB F2 F3 F4 #3 $ 2 3 5 7 8. delete { W T Y U S F G H J K

X Cengage Digital Learning X CengageNOWv2 | Online teachin x engage X /takeAssignment/takeAssignment Ma in.do? invoker-assignments&takeAssignmentSession Locator=assignment-take&inprogress-false Calculator Print Item Show Me How eBook Payroll tax entrles Chart of AccountsStarting Question Journal Instructions Instructions According to a summary of the payroll of Guthrie Co., $720,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $60,000 was subject to state and federal unemployment taxes. Required: A. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4 %, federal unemployment, 0.6%. B. On December 31, journalize the entry to record the accrual of payroll taxes. Refer to the Chart of Accounts for exact wording of account tides. Next Previous Check My Work US 19:39 SAMSUNG DI & % A 5 co

Personal Financial Statement Project For the Personal Financial Statement Project: 1. Record the events on the next page in the accompanying formula worksheet 2. Write out the journal entries for the events on the next page 3. Create the financial statements with the ending information from the worksheet 4. Once you have your Financial Statements completed, please make a comment or two in the online text input box about what the information is telling you Event List 1. Opened a bank account with previously earned (retained earnings) money for $100,000 2. Bought a house by paying $75,000 down in cash and taking a loan of $225,000 3. Bought a vehicle by paying $1,000 down in cash and taking a loan of $44,000 4. Worked (performed services) to clients for $80,000 cash 5. Paid for materials used (expense) in the services performed with cash for $50,000 6. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500 7. During the year, you paid $5,000…

Edit Introduction to Accounting 1/Financial Accounting 1 ACC1101 CAT ONE (15 Marks) Attempt 9.4 and 9.5A as instructed in class CAT TWO 9:16 PM (101) (101) Question Assignment One and Two ( 20 Marks] Attempt the question on double entry given in class. post the entries in the ledger accounts and extract a trial bala Capital Drawings Debtors and creditors Sales Purchases Rent and rates Electricity Salaries and wages The following trial balance was extracted from the books of Mama Salim, a sole trader, as at 30 June Sh. Sh. Provision for doubtful debts as 1 July 2014 Stock at 1 July 2014 Insurances General expenses Bank balance Motor vehicles at cost Provision for depreciation of motor vehicles at 1 July 2014 Proceeds of sale of motor vehicle Motor vehicle expenses Freehold premises at cost Notes: 1. 2. 3. 4. 5. 6. DO סם Tools (15 Marks) Mobile View 88 C Share O K/s 2,829,600 10,587,200 7 X 86,820,200 776,000 49,000 11,273,500 786,600 12,654,800 34,400 2,116,400 11,300,000 772,200…

Study Excel Instructio x EXAM 3-BUSI 320 class notes x b Login (bartieby es/155996/assignments/1958552 E Individual Differen... M Corporate Finance U SPAN101: Element... L Canvas Dashboard U Course Registration out # 4 Comp Prob - Ch 12 (D).docx I Downle Case Study # 4 Excel Submission – Capital Budgeting Comprehensive Problem Pinnacle Custom Home Builders purchased a 40 foot articulating boom lift three years ago for $50,000. The equipment has been depreciated under the 5-year MACRS schedule (20%, 32%, 19%, 12%, 12% & 5%). The old equipment can be sold for $33,000. Pinnacle is considering the purchase of a new 60 foot articulating boom lift that would allow the company to complete nearly all of its construction projects without the need for costly rental lifts. The new lift could be purchased for $105,000 and would also fall under the 5-year MACRS depreciation schedule. Assume the old and new equipment would provide the following operating gains (or losses) over the next six years.…

8:20 b Student question Date 03-Jun 10-Jun Shawna Consulting requires a reconcilation of the trust bank account. Below are the Trust Receipts, Trust Disbursements Journals, the Trust Bank Statement from which you must prepare the reconciliation 14-Jun 15-Jun 27-Jun Date 05-Jun 12-Jun 26-Jun Date 01-Jun 30-Jun Trust Receipts Journal Date Received From S. Smith K. Pangborn J. Holly-defendant R. Moore M. Smyth-defendant Show Transcribed Text Paid to Shawna Shawna J. Pitt Trust Disbursements Journal Trust Bank Account Description Opening Balance Trust Receipts Journal Trust Disbursements Journal Description Balance Forward 04-Jun Deposit 07-Jun Chq. #00032 11-Jun Deposit 13-Jun Chq. #00033 15-Jun Deposit Total Debits and Credits Closing Balance Description S. Smith Retainer K.Pangborn Retainer ||| J. Pitt-Settlement R. Moore Retainer K. Bliss - Settlement Description J. Pitt-photocopy costs recoverable K. Bill- courier costs recoverable J. Pitt - Settlement Union Bank: Shawna Consulting…

Make a general ledger for each account title from the general journal below.

Courses Mastering Chernie X 2MateryCheme X loud/modules/unproctoredTest.QuestionSheet McCraith-Sectic x Updte Help Caroline Achienge S01243611acadceduLogout all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises Gradebook. Extemat kercises Remaining Time Unimted Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are taxed at a rate of 27%, then how much will you have when you retire? Round all answers to 2 decimal places. Before taxes retirement amount $ Number After taxes retirement amount $ Number Submit Assignment Quit & Save Васк Question Menu 4 Next 38°F Partly sunny A 0) 411 PM 11/19/202 end home delete prt sc 144 4+ 4- 40 num lock backspace & 8. 6. 7. home |近

Online Test Window-Google Chrome tests.mettl.com/test-window/f55ac827#/testWindow/0/20/1 EY Accounting Assessment Total 00:54:23 Finish Test Section 1 of 1 Section #1 v 15 16 17 18 19 20 21 23 24 22 25 21 of 45 All 2 43 Question # 21 G Revisit Choose the best option Under the accrual basis of accounting, if cash is received prior to the sale, then. Revenue is recognized when cash is received O A liability is recognized when cash is received O A liability is removed from the system when the cash is received O Revenue is removed from the system when the services have been performed or the goods have been delivered. Next Question Prev Question +91-82878-03040 Zaineh | Support +1-650-924-9221 4:14 PM meti gRへコ伝り) A 1/16/2021 Tyne here to search

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