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Assoli18 [71]
3 years ago
10

20.While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording

a check received by the company. Sonic recorded the receipt as $729 and the correct amount of the check was $279. What reconciling adjustment is required
Business
1 answer:
Lina20 [59]3 years ago
8 0

Answer:

You need to deduct $450 from the company's cash balance. Since the check was received from a client, it covered an accounts receivable, so the adjusting entry should be as follows:

XX/YY, adjusting entry to reconcile checking account:

Dr Accounts receivable 450

    Cr Cash 450

Accounts receivable and cash both have debit balances, and since you want to increase accounts receivable you must debit it, while you must credit cash in order to decrease it.

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Shtirlitz [24]

Answer:

The options for this question are the following:

a. Specific and measurable

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c. Linked to rewards

d. Defined time period

e. Challenging but realistic

The correct answer is a. Specific and measurable .

Explanation:

Without smart goals, there is no success. SMART objectives encourage focus and action. They are a way of contributing structure and measurability to your goals and objectives. If you want to succeed in sports, you must set SMART objectives: specific, measurable, attainable, relevant and temporary. Let's see each one of them and talk about what it really means to set SMART goals:

S - Specific

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M - Measurable

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7 0
3 years ago
I'll just give you the points lol
AlexFokin [52]

Answer:

i hope this is what you are looking for

Social Security number.

Income.

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Agreement to terms and conditions.

Authorized users.

7 0
1 year ago
The principal purpose of a voucher system is to provide assurance that
ziro4ka [17]
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7 0
3 years ago
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