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Helen [10]
3 years ago
5

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance p

er bank, 10/31 $12,889 Note receivable collected by bank 4,765 Outstanding checks 10,446 Deposits in transit 4,214 Bank service charge 243 NSF check 1,187 Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation.
Business
1 answer:
den301095 [7]3 years ago
6 0

Answer:

The cash balance per book is $3322 (before adjustment)

Explanation:

Cash balance per bank = $12,889

Note receivable collected by bank = 4,765

Outstanding checks = 10,446 Deposits in transit = 4,214

Bank service charge = 243

NSF check = 1,187

To determine the cash balance per book:

Cash balance per bank - Note receivable collected by bank - Outstanding checks + Deposits in transit + Bank service charge + NSF check.

= $12,889 - 4,765 - 10,446 + 4,214 + 243 + 1,187

= $3322

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Answer:

Results are below.

Explanation:

Giving the following information:

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Each box of tile requires 0.50 hours of direct labor.

Employees of the company are paid $17 per hour.

<u>First, we need to determine the number of hours required:</u>

Number of hours= 800*0.5= 400 hours

<u>Now, the total direct labor cost:</u>

Direct labor cost= 400*17= $6,800

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Text mining helps companies tap into the massive volume of customer opinions expressed online.

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The process of converting unstructured text into a structured format with the purpose of identifying significant patterns and fresh insights is known as text mining, also known as text data mining.

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Why does each generic business model require a different set of business-level strategies?
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Hope it helps!:)
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2 years ago
Which do you prefer black or blue jeans and why
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8 0
3 years ago
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Carolina Hills Manufacturing has two processing departments, Department I and Department II. During the year, direct materials w
Taya2010 [7]

Answer:

Journal Entry to record the transaction

Dr. Work in Process Department I          $280,000      

Dr. Work in Process Department II         $300,000      

Dr. Manufacturing Overhead                  $8,000

Cr. Material Inventory                               $588,000

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The direct material is charged to the work in process account, because it is an direct expense and all the direct expenses are charged to the work in process account like indirect material, indirect labor etc.

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