Examlex
Prepare any necessary journal entries based on the following data regarding the bank reconciliation prepared by Macky Park on Nov. 30, 2019.
a)Outstanding cheques amount to $6,950.
b)The service charges for November amount to $55.
c)Cheque #443 for $480 for the cash purchase of office supplies was erroneously recorded by the bookkeeper as $48.
d)The bank erroneously credited Macky Park's account for $300 for a deposit made by Lacky Park.
e)A deposit ticket correctly prepared for $100 appeared on the bank statement as a deposit for $1,000.
f)Cheque #650 for $4,000 for Rent expense was erroneously recorded by the bookkeeper as $400.
g)A customer's cheque for $950 was returned with the bank statement and stamped NSF.
Q25: An item is considered material if:<br>A)it facilitates
Q44: Jane Browning purchased a tract of
Q48: Bachman Merchandising has ten employees who each
Q68: Using the perpetual inventory method, what
Q76: Refer to Table 9-11. At the end
Q90: A loss on sale of an asset
Q91: A Trojan hides inside a legitimate program
Q97: Inventory turnover is calculated as:<br>A)cost of goods
Q105: FIFO will report the lowest cost of
Q134: The petty cash fund must be replenished