Answer:
Electronic funds transfer for $9,800 from Terra Cota Cataluna
Effect of Transaction on the June 30 Bank Reconciliation:
Since it had not been recorded in the accounting books, it will make the balance in the bank statement to exceed the cash account balance by $9,800.
Explanation:
This transaction is regarded as direct credit in the bank account. It causes a discrepancy between the bank statement balance and the cash account balance.
In preparing the bank reconciliation statement, if you start with the balance as per the cash account, then will add this to this balance. If it is the only item for reconciliation of the bank statement, it will make the cash account balance to agree with the bank statement balance.
To correct this, a record (journal entry) will be made by debiting the Cash Account and crediting the Accounts Receivable account.
Im not completely sure bc i dont see anything other than letters so im gonna say B
Answer:
The correct answer is letter "D": direct material and conversion costs are traced to each batch of product produced.
Explanation:
The operation-costing system is based on the principle that in large entities where manufacturing is almost the same for all products, costs can be assigned to units produced and the result of adding all those costs should equal the costs assigned in groups of units produced or batches.
<em>Conversion costs are a combination of direct labor and manufacturing overhead costs. Conversion costs are traced by adding the direct costs to the conversion costs of an operation day by the number of units produced in the day.</em>
Answer:
The answer is $27.50
Explanation:
Total Common Equity(stock) as per book is $3,125,000
Total outstanding shares of equity(stock) is 125,000
Therefore, Tucker Electronic System's book values per share is:
$3,125,000/125,000
$25.
And the market value per share is $52.50
Therefore, the difference between the market value per share and book values per share is:
$52.50 - $25
=$27.50
