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Andrei [34K]
3 years ago
7

Jansen Company’s general ledger showed a checking account balance of $25,120 at the end of May 2021. The May 31 cash receipts of

$2,470, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1. The bank statement dated May 31, 2021, showed bank service charges of $51. All checks written by the company had been processed by the bank by May 31 and were listed on the bank statement except for checks totaling $2,020.
Required:
Prepare a bank reconciliation as of May 31, 2013.
Business
1 answer:
Alexxandr [17]3 years ago
5 0

Answer:

$2,000

Explanation:

Use the format

Jansen Company’s

Bank reconciliation as of May 31, 2013.

Balance as per Bank Statement

Add Outstanding Checks

Less Unpresented Checks

Balance as per Cash Book

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we are evaluating a project that costs $848,000, has an eight-year life, and has no salvage value. assume that depreciation is s
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A project's susceptibility to undesirable fluctuations in the value of the underlying factors, such as the sales price, sales units, its indirect cost, and other variables, is assessed using sensitivity analysis.

<h3>Sensitivity analysis: What is it?</h3>

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<h3>Briefing:</h3>

Project has an eight-year lifespan, costs $848,000, and has no residual value. Over the course of the project's life, depreciation decreases linearly to zero.

Depreciation = $848,000 / 8 = $106,000

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8 0
1 year ago
The following information relates to Wildhorse Co. for the year ended December 31, 2020: net income $1,305 million; unrealized h
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Answer:

a. The Other comprehensive income for 2017  is $-11.2 million

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Accumulated  comprehensive  income = Existing income−Unrealised holding loss

=$56.4million−$11.2million

=$45.2million

The Accumulated other comprehensive income at December 31, 2017 is $45.2 million

​

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