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enyata [817]
3 years ago
8

The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222. 2. July bank service charge not

recorded by the depositor $53. 3. Cash balance per books, July 31, $9,328. 4. Deposits in transit, July 31, $3,763. 5. $2,120 collected for Crane Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $1,590. Prepare a bank reconciliation at July 31, 2022.
Business
1 answer:
ololo11 [35]3 years ago
4 0

Explanation:

The preparation of bank reconciliation is presented below:

                                        Crane Company

                          Bank reconciliation statement  

                                        July 31, 2022

Particulars                    Amount   Particulars                     Amount

Bank cash balance     $9,222   Company cash balance  $9,328

Deposits in transit       $3,763   Collections                       $2,120

Less: Outstanding                      Less: service fee            -$53

Check                          -$1,590

Bank balance                                   Company balance

After reconciliation    $11,395      After reconciliation  $11,395

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In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero
pochemuha

Answer:

A) the total units to be accounted for = 23,980 + 4,600 = 28,580 units

B) the total material equivalent units = 23,980 finished units + 4,600 = 28,580 units

total conversion equivalent units = 23,980 finished units + (4,600 x 30%) = 23,980 + 1,380 = 25,360

C) cost reconciliation schedule:

Cost accounted to finished goods 23,980 x (12 + 8) = $479,600

Cost of material in process  

material work in process  4,600 x 12 = $55,200  

conversion cost in process  1,380 x 8     = $11,040

<u>                                                                                                  $66,240   </u>

total cost                                                                                 $545,840

3 0
3 years ago
John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure.
-BARSIC- [3]

John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure. He should use transport layer security.

    A widely used security technology called Transport Layer Security, or TLS, enables privacy and data security for communications over the Internet. Encrypting communication between web applications and servers, such as when web browsers load a website, is one of the main applications of Transport Layer Security.

  The Transport Layer Security protocol achieves its goals primarily through the use of encryption, authentication, and integrity.

Data transfer is protected from third parties by encryption.

Authentication is the process of confirming the identity of the persons sharing information.

Integrity: demonstrates that the data hasn't been altered or falsified.

To learn more about Transport Layer Security click here:

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5 0
1 year ago
ABC Tax Planning Service started business in January 2018. The company rented an office for 7,000 per month starting from Januar
Jet001 [13]

Answer:

The answer is: C) $14,000

Explanation:

ABC Tax Planning Services paid six months of rent in advance, from January to July. It spends $7,000 per month on rent, so the six months prepaid rent would be $42,000. On April 30, 2018, ABC had already rented the offices for 4 months, so it had only two months left in its Prepaid Rent account, equivalent to $14,000 (2 x $7,000).

3 0
3 years ago
John wants to know how much he should pay for a particular used car. what should john do? he should ask his friend how much he p
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What John should do is he should find reliable and relevant information; perhaps look up the information in the Kelley Blue Book.
He can't ask his friend because he may want to buy a different car, so his advice may not be helpful at all. A car dealer may want him to pay more than he should, so that wouldn't be useful either. His net worth will not help him reach his decision on how much he should pay for the particular car. So this Kelley Blue Book, which is used to compare prices for used cars is his best choice.
4 0
3 years ago
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Cheizza, a pizza vendor in the country of Wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling p
AlladinOne [14]

Answer: Option (a) is correct.

Explanation:

Cheizza, a pizza vendor knows that the fresh cheese is the unique selling point for him. And because of this fresh cheese, the demand for his pizza is drastically increases. So, for meeting this demand, he have to purchase more cheese.

We know that cheese is made up from milk and milk is used as an input for the production of cheese. But milk is a raw material and limited in quantity to meet this demand.

Cheizza also knows that cheese is used in the pizzas, hence, if there is any changes in the supply of cheese, as a result it directly affects the demand for pizzas.

Therefore, there is a scarcity of resources in the form of milk.

6 0
3 years ago
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