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dmitriy555 [2]
1 year ago
9

Notification by the bank that a deposited customer check was returned nsf requires that the company make the following adjusting

entry:
Business
1 answer:
Montano1993 [528]1 year ago
5 0

If the bank notifies the company of a deposited customer check that was returned NSF, the company would have to Debit Accounts Receivable and Credit cash.

<h3>What happens when a check is returned NSF?</h3>

This means that the check did not clear and so the depositor still owes the company the amount they had written on the check.

The company would then have to debit Receivables to show that the person still owes them, and credit cash to show the cash never reported.

Find out more on NSF checks at brainly.com/question/24260989.

#SPJ12

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Suppose that you have found the optimal risky combination using all risky assets available in the economy, and that this optimal
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d

Explanation:

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A company has a discount on a forward contract for an asset. How is the discount recognized over the life of the contract?
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Explanation:

The discount is recognized over the life of the contract when it is charged to accumulate other comprehensive income.

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Select all that apply Describe data processing in accounting by selecting the correct statements below. (Check all that apply.)
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Answer:

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.

The correct statements that best describes data processing in accounting includes;

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

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Compared to attending a technical school, completing a four-year college degree allows you to
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Enter the workforce sooner
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3 years ago
Tyler Apiaries sells bees and beekeeping supplies. Bees​ (including a​ queen) are shipped in special packages according to weigh
Sergio039 [100]

Answer: 0.143

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Given the following :

Average package weight(m) = 1.9kg

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Upper Tolerance Limit (UTL) = 2.5kg

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Cpk = min[( average weight -Lower Tolerance Limit / 3 (standard deviation) , (UTL- average weight / 3(Standard Deviation)]

Cpk = min[( 1.9 - 1.1 / 3 (1.4)) , (2.5 - 1.9 / 3(1.4))]

Cpk = min[(0.8 / 4.2), (0.6 / 4.2)]

Cpk = min[0.190, 0.143])

Hence,

Process capability index = 0.143

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