Entries by mary WAMBUGU

A partial list shows that Charles Corporation’s adjusted trial balance included the following items (all account balances are normal):

August 22, 2019 in /by

1.A partial list shows that Charles Corporation’s adjusted trial balance included the following items (all account balances are normal): Accounts payable $38,000, Accounts receivable $60,000, Capital stock $100,000, Cash $44,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $3,500, Inventory $32,000, Note payable $24,000, Prepaid expenses $5,600, Property, plant & equipment $123,000, Retained earnings $46,000, […]

 

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The following is the Frederick Company’s adjusted Trial Balance.

August 22, 2019 in /by

Question The following is the Frederick Company’s adjusted Trial Balance.Frederick Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $85,150 Accounts Receivable 229,140 Supplies 16,955 Equipment 395,285 Accumulated Depreciation $221,260 Accounts Payable 74,235 Capital Stock 220,000 Retained Earnings 101,145 Service Revenue 893,105 Interest Income 1,500 Dividends 2,000 Rent Expense 58,500 Wages Expense […]

 

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A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, deposits in transit of $317, outstanding checks of $221, and NSF checks of $90.

August 22, 2019 in /by

1.A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, deposits in transit of $317, outstanding checks of $221, and NSF checks of $90. The correct cash balance is? (a)$1,490 (b)$1,580 (c)$1,479 (d)$1,777 2.A bank reconciliation revealed bank charges of $11, outstanding checks of […]

 

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