Answer:
bank service expense 50 debit
supplies 18 debit
cash 68 credit
--to record bank reconciliation--
Explanation:
We have to adjust the cash balance for the transactions unknow for the company which are the bank service charge of $50 and the mistake in the accounting for $18
we actually spend 97 but recorded 79 thus, we increase supplies by 18
Answer:
It is not true.
Explanation:
The annual Statement that have to be submitted at the end of each financial year must contain the Financial Status of the company (the Assets and Liabilities, Expenses & Income, Debtors & Creditors) e.t.c.
The overview of the internal audit and the audit committee are special demands of the Board of Directors. The overview of the internal audit and the audit committee are usually demanded or accompany the yearly financial reports when there are suspicion of financial: misappropriations, mismanagement or graft.
Answer:
The journal entries are as follows:
(i) On January 1, 2018
Equipment A/c Dr. $10,000
To cash A/c $10,000
(To record the purchase of equipment)
(ii) On December 31st,
Depreciation expense A/c Dr. $1,800
To Accumulated depreciation - equipment $1,800
(To record the accumulated depreciation on equipment for the year 2018 under the straight line method)
Workings:
Depreciation:
= (Cost of the equipment - Salvage value) ÷ Useful life
= ($10,000 - $1,000) ÷ 5
= $9,000 ÷ 5
= $1,800
Privileged-level access is granted to authorized personnels that could affect the important files, data, network communications, etc. In the provisions of the Information Security and Policy, privileged access may be given to authorized management accounts. However, they still have to follow the guidelines and procedures of the organization.
The answer is letter D.
Answer:
correct option is b. $200,000
Explanation:
given data
Intercept = 40,000
Slope = 20
machine hours X = 8000
to find out
what is the predicted cost of equipment maintenance for April
solution
we will use here least square equation that will be
Y = intercept + Slope × X ............................1
here Y is cost of maintenance and X is maintenance hours
so put here value we get from equation 1
Y = 40000 + ( 20 ×
8000 )
Y = 40000 + 160000
Y = 200000
so predicted cost of equipment maintenance for April is 200000
correct option is b. $200,000
