Question
Just need 3 and 4 answered please 3. Reconcile the following bank and book cash balances and do necessary adjusting entries: Bank balance $1,980 7/31/20;
Just need 3 and 4 answered please
3. Reconcile the following bank and book cash balances and do
necessary adjusting entries:
Bank balance $1,980 7/31/20; book balance 7/31/20
$1,967: NSF check S81;
Note collected by bank $190; interest collected by
bank on note $6; bank
service charge $4; outstanding checks $150 and
deposits outstanding $ 247.
4, Future value of a single value of $5,000. Factors to choose
1.262477 from luture
value table or 4.374616 from the annuity table.
Explain current ratio and inventory turnover
5. A Co, assigned $100,000 of account receivables for a service
lee of S500 and
70% advance. Journalize the transaction.
6. B Co wrote off $10,000 of account receivables using the
allowance method.
Journalize the transaction.
7. C Co. factored $200,000 of account receivables for 90% of
value and a 10%
commission. Journalize the transaction.
Just need 3 and 4 answered please
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