Entries by mary WAMBUGU

Question The following information is related to the bank reconciliation of the Acme Company: Balance per bank statement$1,951.20 Balance per ledger1,869.60

August 28, 2019 in /by

Question The following information is related to the bank reconciliation of the Acme Company:Balance per bank statement$1,951.20 Balance per ledger1,869.60 Deposits in transit271.20 Outstanding checks427.80 NSF check61.20 Service charges13.80 The adjusted/correct cash balance is _______________. Question 30 options: $1,794.60 $1,719.60 $1,638.00 $1,713.00 $1,876.20   Looking for a Similar Assignment? Order now and Get 10% Discount! […]

 

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Job Costing Elite Custom Cabinetry Company produces custom cabinets ordered to exact measure based on CAD drawings provided by kitchen remodeling firms.

August 28, 2019 in /by

 Job Costing   Elite Custom Cabinetry Company produces custom cabinets ordered to exact measure based on CAD drawings provided by kitchen remodeling firms.   As of June 1, there was one order in production (job 5-3), and two new jobs were started in June (jobs 6-1 and 6-2).   Job 5-3 had incurred costs as follows prior to […]

 

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On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000

August 28, 2019 in /by

Question 1 (30 points) On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, […]

 

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1. (Multiple Choice) Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record this transaction includes a: A. debit to Cash for $10,000.

August 28, 2019 in /by

Question 1. (Multiple Choice)Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record this transaction includes a: A. debit to Cash for $10,000. B. debit to Paid-in Capital in Excess of Par for $27,500. C. debit to Common Stock for $10,000. D. credit […]

 

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