Financial Accounting-w/cd-package
3rd Edition
ISBN: 9780131060876
Author: REIMERS
Publisher: PEARSON
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Chapter B, Problem 13SEB
To determine
Identify the account which will be affected and identify whether the affected account will be debited or credited for each transactions.
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The accounting records and bank statement of Orison Supply Store provide the following information at the end of April. The closing 'Cash' account balance was $28,560, and the bank statement shows a closing balance of $32,000. On reviewing the bank statement it is found an account customer has deposited $2,000 into the bank account for a March sale and the monthly insurance premium of $4,500 was automatically charged to the account. Interest of $5,10 was paid by the bank and a bank fee of $50 was charged to the account. A payment of $1,500 to a supplier has been recorded twice in the accounts. After the ,calculation of the "ending reconciled cash balance", what is the balance of the 'cash' account?
The transactions completed by Fleetfoot Courier Company during December, the first month of the fiscal year, were as follows:
Dec. 1. Issued Check No. 610 for December rent, $5,260.
2. Issued Invoice No. 940 to Clifford Co., $2,180.
3. Received check for $6,010 from Ryan Co. in payment of account.
5. Purchased a vehicle on account from Platinum Motors, $46,700.
6. Purchased office equipment on account from Austin Computer Co.,
$5,630.
6. Issued Invoice No. 941 to Ernesto Co., $4,850.
9. Issued Check No. 611 for fuel expense, $750.
10. Received check from Sing Co. in payment of $5,060 invoice.
Issued Check No. 612 for $410 to Office To Go Inc. in payment of
10.
Invoice.
10. Issued Invoice No. 942 to Joy Co., $2,470.
Issued Check No. 613 for $3,870 to Essential Supply Co. in payment of
11.
account.
11. Issued Check No. 614 for $630 to Porter Co. in payment of account.
Received check from Clifford Co. in payment of $2,180 invoice of
12.
December 2.
Issued Check No. 615 to Platinum Motors…
The transactions completed by Revere Courier Company during December, the first month of the fiscal year, were as follows:
Dec. 1.
Issued Check No. 610 for December rent, $4,200.
Dec. 2.
Issued Invoice No. 940 to Clifford Co., $1,740
Dec. 3.
Received check for $4,800 from Ryan Co. in payment of account.
Dec. 5.
Purchased a vehicle on account from Platinum Motors, $37,300.
Dec. 6.
Purchased office equipment on account from Austin Computer Co., $4,500.
Dec. 6.
Issued Invoice No. 941 to Ernesto Co., $3,870.
Dec. 9.
Issued Check No. 611 for fuel expense, $600.
Dec. 10.
Received check from Sing Co. in payment of $4,040 invoice.
Dec. 10.
Issued Check No. 612 for $330 to Office To Go Inc. in payment of invoice.
Dec. 10.
Issued Invoice No. 942 to Joy Co., $1,970.
Dec. 11.
Issued Check No. 613 for $3,090 to Essential Supply Co. in payment of account.
Dec. 11.
Issued Check No. 614 for $500 to Porter Co. in payment of account.
Dec. 12.
Received…
Chapter B Solutions
Financial Accounting-w/cd-package
Ch. B - Indicate whether each of the following accounts...Ch. B - Prob. 2YTCh. B - Prob. 1QCh. B - Prob. 2QCh. B - Prob. 3QCh. B - Prob. 4QCh. B - Prob. 5QCh. B - Prob. 6QCh. B - Prob. 7QCh. B - Prob. 8Q
Ch. B - Prob. 9QCh. B - Prob. 1MCQCh. B - Prob. 2MCQCh. B - Prob. 3MCQCh. B - Prob. 4MCQCh. B - Prob. 5MCQCh. B - Prob. 6MCQCh. B - Prob. 7MCQCh. B - Prob. 8MCQCh. B - Prob. 9MCQCh. B - Prob. 10MCQCh. B - Prob. 1SEACh. B - Prob. 2SEACh. B - Prob. 3SEACh. B - Prob. 4SEACh. B - Prob. 5SEACh. B - Prob. 6SEACh. B - Prob. 7SEACh. B - Prob. 8SEACh. B - Prob. 9SEACh. B - Prob. 10SEBCh. B - Prob. 11SEBCh. B - Prob. 12SEBCh. B - Prob. 13SEBCh. B - Prob. 14SEBCh. B - Prob. 15SEBCh. B - Prob. 16SEBCh. B - Prob. 17SEBCh. B - Prob. 18SEBCh. B - Prob. 19EACh. B - Prob. 20EACh. B - Record transactions to T-accounts and prepare an...Ch. B - Prob. 22EACh. B - Prob. 23EACh. B - Record closing entries and compute net income. (LO...Ch. B - Record journal entries, record adjusting entries,...Ch. B - Record journal entries, post to T-accounts, and...Ch. B - Prob. 27EBCh. B - Prob. 28EBCh. B - Prob. 29EBCh. B - Prob. 30EBCh. B - Prob. 31EBCh. B - Prob. 32EBCh. B - Prob. 33EBCh. B - Prob. 34EBCh. B - Prepare a trial balance and financial statements....Ch. B - Record journal entries, post to T-accounts, and...Ch. B - Prepare closing entries and financial statements....Ch. B - Record adjusting journal entries, post to...Ch. B - Prob. 39PACh. B - Prob. 40PACh. B - Prob. 41PACh. B - Prob. 42PACh. B - Prob. 43PBCh. B - Prob. 44PBCh. B - Prob. 45PBCh. B - Prob. 46PBCh. B - Prob. 47PBCh. B - Prob. 48PBCh. B - Prob. 49PBCh. B - Prob. 50PBCh. B - Prob. 51FSACh. B - Prob. 52CTP
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