Answered step by step
Verified Expert Solution
Question
1 Approved Answer
28 and 29 28. You are to prepare the bank reconciliation of Tree Company at March 31, using the following supplementary information: (a.) Deposit in
28 and 29
28. You are to prepare the bank reconciliation of Tree Company at March 31, using the following supplementary information: (a.) Deposit in transit at March 31, 54880 (6.) The following checks were issued by Tree in payment of utilities but these checks had not been cleared by the bank as of March 31: no. 120, 5140; no. 121, 5932; no. 127, 5307; no. 134 $1,200 (c) Service charge by bank, 550. (d.) A note receivable for $4,050 left by Tree Company with bank for collection that had been collected and credited to company's account. No interest involved. (e.) A check for 570 drawn by a customer, but deducted from Tree's account by the bank and returned with the notation "NSF." (F.) Tree's check no. 480, issued in payment of $980 worth of office equipment correctly written in the amount of 5980 but erroneously recorded in Tree's accounting records as 5890. 9.) At March 31, the balance of the Cash account according to the records of Tree Company was $5,261 (h.) The March 31 bank statement showed a balance of ?. What is unadjusted balance per bank statement at March 31? (3 Points) some other amount O $6,800 $6.908 O 57,068 29. ABC Company purchased equipment on January 1, 2009 for $70,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. The company used the units- of-output depreciation method. If 16.500 units of product were produced in 2009 and 24.000 units were produced in 2010, what was the balance of the Accumulated Depreciation of the equipment at December 31, 20102 3 Points) O 526,325 O some other amount O 515,600 $26,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started