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gageNOWV2 Online teach x + /takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocatore&inprogress false Calculator Identify each of the following reconciling items as: a. An addition to the cash balance according
gageNOWV2 Online teach x + /takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocatore&inprogress false Calculator Identify each of the following reconciling items as: a. An addition to the cash balance according to the bank statement b. Deduction from the cash balance according to the bank statement. C. An addition to the cash balance according to the company's records d. A deduction from the cash balance according to the company's records Assume that none of the transactions reported by bank debit and credit memos have been recorded by the company. Also, please choose option with entry by those items that will require a journal entry in the company's accounts. 1. Deposits in transit. 2. Bank service charges. 3. NSF check 4. Outstanding checks. 5. Check for $690 incorrectly recorded by the company as $960. 6. Check for $420 incorrectly recorded by the company as $240. gageNOWV2 Online teach X + takeAssignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator &inprogress=false Calculator On the first day of the fiscal year, a new walk-in cooler with a list price of $58,000 was acquired in exchange for an old cooler and $14,000 cash. The old cooler had a cost of $25,000 and accumulated depreciation of $16,000 Assume the transaction has commercial substance a. Determine the gain to be recorded on the exchange or enter b. Journalize the entry to record the exchange. If an amount box does not require an entry, leave Accumulated Depreciation Gain on Exchange of Equipment
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