Superior Printing, Inc. has provided you with its bank statement and Cash T-account for the month of June. The Controller has asked you to prepare the Bank Reconciliation for the month of June.

BANK STATEMENT

Date Checks Deposits Other Balance
June 1 18,500
3 440 18,060
4 1200 16,860
8 500 16,360
10 1200 15,160
13 250 10,000 24,910
20 80 NSF 840 23,990
22 9800 35,000 49,190
26 350 48,840
27 4600 44,240
29 700 17000 60,540
30 920 Serv. Charge 50 59,570

30 600 Interest 30 59,000
Earned
Sheet # 2
Cash
June 1 Bal. 18,500
June 13 deposit 10,000 Check #100 440
June 22 deposit 35,000 Check #101 1200
June 29 deposit 17,000 Check #102 500
June 30 deposit 28,000 Check #103 1200
Check #104 250
Check #105 80
Check #106 9800
Check #107 350 . Check #108 4600
Check #109 770
Check #110 4900
Check #111 700
Check #112 920
Check #113 600
June 30 Bal. 82,190

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.

Which feature is a characteristic of a corporation?

Which of the following statements is incorrect? select one: a. personal creditors have first claim on partnership assets.b. partnerships are subject to dual taxation.c. no law requires partners to create a written partnership agreement, but it's smart to do so.d. partnership has limited life and unlimited liability.