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Marta_Voda [28]
2 years ago
11

Rainey Company's true cash balance at October 31 is $4,700. The following information is available for the bank reconciliation:

Outstanding checks, $740 Deposits in transit, $540 Bank service charges, $110 The bank had collected an account receivable for Rainey Company, $1,200 The bank statement included an NSF check written by one of Ramsey's customers for $720. What was the unadjusted book balance at October 31
Business
1 answer:
Colt1911 [192]2 years ago
5 0

Answer: $4330

Explanation:

The unadjusted book balance at October 31 is calculated below:

True cash balance = $4700

Add: Bank service charge = $110

Add: NSF Check = $720

Less: Account receivable = $1200

Unadjusted book balance = $4330

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4 0
1 year ago
Pina Corporation entered into an operating lease agreement to lease equipment from Badger, Inc. on January 1, 2017. The lease ca
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= $80,273

Explanation:

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2 years ago
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Answer:

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Under or over applied manufacturing overhead can be determined by comparing the actual and applied manufacturing overheads.

Applied overheads can be calculated by multiplying pre-determined overhead rate and actual level of quantity. Predetermined overhead rate is calculated using estimated overhead and estimated activity on which overheads are applied.

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Overapplied Manufacturing overheads = $102,000 - $84,000 = $18,000

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3 years ago
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