subject
Business, 23.03.2020 19:54 angellight4all

The following information pertains to Blossom Company.

1. Cash balance per bank, July 31, $6960.
2. July bank service charge not recorded by the depositor $40.
3. Cash balance per books, July 31, $7040.
4. Deposits in transit, July 31, $2840.
5. $1600 collected for Blossom Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Blossom Company.
6. Outstanding checks, July 31, $1200.

BLOSSOM COMPANY Bank Reconciliation Journalize the adjusting entries at July 31 on the books of Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
question
Business, 22.06.2019 12:20
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
question
Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
question
Business, 22.06.2019 18:00
During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.
Answers: 3
You know the right answer?
The following information pertains to Blossom Company.

1. Cash balance per bank, July 3...
Questions
question
Mathematics, 27.02.2020 01:15
question
Mathematics, 27.02.2020 01:15
question
Mathematics, 27.02.2020 01:15
Questions on the website: 13722367