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A. What is the expanded accounting equation? Fill in the boxes B. What is the normal balance of each classification? Put an X in the
A. What is the expanded accounting equation? Fill in the boxes B. What is the normal balance of each classification? Put an X in the T account indicating a normal balance of DR or CR C. Circle what financial statement does the category appear in. IS = income statement, RE = statement of retained earnings, BS= balance sheet 21.Identify whether each of the following items 1 through 8 would appear on the bank side or the book side of a bank reconciliation. 4pt Write bank or book on the line. 1. Bank service charges 2. Outstanding checks 3. Deposits in transit 4. NSF check 5. Interest on a checking account 6. The company properly wrote a check for $95.80 that the bank incorrectly paid as $9.58. 7. The bank printed checks for the depositor for a fee. 8. The bank collected a $1,000 note for the depositor. BONUS: What is Days' sales uncollected for year 1 and for year 2? Is the company's collection of receivables improving? a. Compute Accounts Receivable Turnover. A. What is the expanded accounting equation? Fill in the boxes B. What is the normal balance of each classification? Put an X in the T account indicating a normal balance of DR or CR C. Circle what financial statement does the category appear in. IS = income statement, RE = statement of retained earnings, BS= balance sheet 21.Identify whether each of the following items 1 through 8 would appear on the bank side or the book side of a bank reconciliation. 4pt Write bank or book on the line. 1. Bank service charges 2. Outstanding checks 3. Deposits in transit 4. NSF check 5. Interest on a checking account 6. The company properly wrote a check for $95.80 that the bank incorrectly paid as $9.58. 7. The bank printed checks for the depositor for a fee. 8. The bank collected a $1,000 note for the depositor. BONUS: What is Days' sales uncollected for year 1 and for year 2? Is the company's collection of receivables improving? a. Compute Accounts Receivable Turnover
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