Examlex

Solved

Prepare Any Necessary Journal Entries Based on the Following Data

question 3

Essay

Prepare any necessary journal entries based on the following data regarding the bank reconciliation prepared by Bootlegger Company on February 28, 2019.
a)Outstanding cheques amount to $650.
b)The service charges for February amount to $40.
c)Cheque #665 for $3,525 for the cash purchase of office equipment was erroneously recorded by the bookkeeper as $3,552.
d)The bank erroneously credited Bootlegger Company's account for $300 for a deposit made by Bootlegger Company.
e)A deposit ticket correctly prepared for $975 appeared on the bank statement as a deposit for $795.
f)Cheque #650 for $100 for utilities expense was erroneously recorded by the bookkeeper as $10.
g)A customer's cheque for $250 was returned with the bank statement and stamped NSF.

Grasp the definitions and differences of the utilities created by marketing.
Recognize examples of form, place, time, and possession utilities in practical marketing scenarios.
Distinguish between ultimate consumers and organizational buyers.
Explain the significance of marketing in creating value and satisfying consumer needs through the definition of marketing and its objectives.

Definitions:

Offspring

Descendants of a person, animal, or plant; the children or progeny.

Renal Clearance

A measure of the kidney's ability to remove substances from the blood and excrete them into the urine.

Drug Doses

The specific amount of medication recommended to be taken at one time or over a certain period to achieve the desired therapeutic effect.

Older People

Individuals who are in the later stage of life, typically those considered to be of retirement age or beyond.

Related Questions