Entries by mary WAMBUGU

Annapolis Company’s bank statement indicated an ending cash balance of $8,440. Alpha’s accountant discovered that outstanding checks amounted to $565 and deposits in transit were $760

7.Annapolis Company’s bank statement indicated an ending cash balance of $8,440. Alpha’s accountant discovered that outstanding checks amounted to $565 and deposits in transit were $760. Additionally, the bank statement showed service charges of $35. What is the correct adjusted ending cash balance 8.Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, […]

 

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Annapolis Company’s bank statement indicated an ending cash balance of $8,740. Alpha’s accountant discovered that outstanding checks amounted to $1,015 and deposits in transit were $480.

7.Annapolis Company’s bank statement indicated an ending cash balance of $8,740. Alpha’s accountant discovered that outstanding checks amounted to $1,015 and deposits in transit were $480. Additionally, the bank statement showed service charges of $30. What is the correct adjusted ending cash balance 8.Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, […]

 

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Baltimore Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of:

1) Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of: Dollar Value Age of Account Estimated Collectible $110,000 < 30 days old 99% 75,000 30 to 60 days old 92% 30,000 61 to 120 days old 77% 10,000 > 120 days old […]

 

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Baltimore Manufacturing had a Work in Process balance of $73,000 on January 1, 2018. The year end balance of Work in Process was $72,000 and the Cost of Goods Manufactured was $630,000.

Baltimore Manufacturing had a Work in Process balance of $73,000 on January 1, 2018. The year end balance of Work in Process was $72,000 and the Cost of Goods Manufactured was $630,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars […]

 

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