Business, 18.07.2020 23:01 breannamartinez9486
The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 17,800 Balance per company records 9,015 Bank service charges 25 Deposit in transit 3,000 Note collected by bank with $170 interest 5,200 Outstanding checks 6,610 a. What is the adjusted balance on the bank reconciliation? $ 14,190 Feedback a. Set up two sections: one for the company cash account section and the other for the bank balance section. Determine the effect of the data on each section. Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal. If not, an item has been overlooked or treated in error. Learning Objective 5. b. Journalize any necessary entries for Lays Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank. Miscellaneous Expense Cash Cash Notes Receivable Interest Revenue
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The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)
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The following data were gathered to use in reconciling the bank account of Lays Company: Balance per...
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