Answer:
Requirement: Prepare the September 2015 bank reconciliation for this company. Note: Missing table are attached as picture below
Adjusted Bank Balance
Bank statement balance $18,453.25
Add: Deposit in transit <u>$1,682.75</u>
$20,136
Less: <u>Outstanding checks</u>
CH #5893 $494.25
CH #5906 $982.30
CH #5908 <u>$388.00</u> <u>$1,864.55</u>
Adjusted Bank Balance <u>$18,271.45</u>
<u></u>
Adjusted Book Balance
Books Balance $17,404.20
Add: Collect $1500 note, Less $15 $1,485
Interest earned <u>$12.50</u>
$18,901.70
Less: NSF Check $600.25
Error in entry in check #904 <u>$30 </u>
Adjusted Book Balance <u>$18,271.45</u>
Answer:
d. $100,000
Explanation:
<u><em>Ronaldo Soccer Shop</em></u>
<u><em>Income Statement</em></u>
Sales $100,000;
Cost of goods sold $46,000,
Operating expenses $34,000,
Interest expense $15,000,
Income tax expense $2,000,
Net Income $3,000
The vertical analysis of the income statement is performed by dividing each of these income statement line items by the total sales.
Vertical Analysis ( income Statement) = (Income Statement Item/ Total Sales )* 100
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Your answer should be: "There is not enough information to answer." Hope I helped! :)