Answer: please see below for answer
Explanation: 1. Deposits in transit-----additions to cash balance according to bank statements
2. Bank service charges. ---- A deduction from the cash balance according to the company's records.
3. NSF check.----- A deduction from the cash balance according to the company's record
4. Outstanding checks.----- A deduction from the cash balance according to the company's record
5. Check for $690 incorrectly recorded by the company as $960-----An addition to the cash balance according to the company's records.
6. Check for $420 incorrectly recorded by the company as $240-----An addition to the c ash balance according to company record
Journal Entry
NSF check ---- Accounts Receivable- debit; Cash--Credit
Bank Service charge ---- Bank Expense -Debit, Cash Credit
Check which is incorrectly recorded by the company----Accounts payable--debit; Cash ---Credit.
Deposits in transits and Outstanding checks---No entry.
When calculating the long term capital gain on the sale of the property, it is important to make sure adjustments are made from the original date of purchase and when the land was gifted.
To solve:
Adjusted amount = Original purchase amount + (gift tax X difference in what the land was worth/original land worth amount)
Adjusted amount = $20,000 + ($40,000 X $80,000/$100,000)
Adjusted amount = $52,000
Land owned for $200,000
Adjust amount is $52,000
$200,000 - $52,000 = $148,000
The long-term capital gain on the property is $148,000.
<span>Coffee/ sugar cane / bananas
can grow on a small farm, lower startup costs and risks. Countries clear cut natural forests and wildlife to make room for these crops. without export, they cannot sustain the country.</span>
Answer:
make business texts look cluttered
Explanation:
Documents with a lot of text and not much white space makes business text look cluttered due to a lot of content which makes the text seem disorganized. Another disadvantage of cluttered text is that they are difficult to comprehend by an untrained eye.
Answer:
The CPA rebuts the allegations
Explanation:
The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission
