ACCOUNTING BASICS PART SEVEN RECONCILING THE BANK STATEMENT EXAMPLE AND BLANK FORM Power Networking Bank Reconciliation for the Month ending July 31, 2011 Cash balance according to bank statement Add deposit of July 31, not recorded by bank
Cash balance according to Power Networking Add note and interest collected by bank Deduct Check returned due to insufficient funds Bank service charge Error in recording Check No. 879 Adjusted balance
1544.99 $2,630.99 $2,549.99 408.00 $2,957.99
$300.00 18.00 9.00
327.00 $2,630.99
ACCOUNTING BASICS PART SEVEN RECONCILING THE BANK STATEMENT EXAMPLE AND BLANK FORM
usually the first thing that I want to do is find, well how much did the bank say that I. have? And when I'm reading here, going through the items, the cash balance ...
The amounts of the assets and liabilities of the ABC Travel Service as of June 30,. 2011, the end of the current year, and its revenue and expenses for the year ...
balance is constantly changing, in my personal bank account and in the business,. constantly changing. Liabilities, in one word, are debts. Anybody that the ...
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postman comes or taking the company van to the car wash. Every business needs, usually. needs, a little bit of money around for small purchases, but what ...
employee, but some of the states go up much higher with the maximum and it's usually a. much larger percent. Page 2 of 2. Accounting Basics: Lesson 13 - Transcript.pdf. Accounting Basics: Lesson 13 - Transcript.pdf. Open. Extract. Open with. Sign In.
Determine the inventory cost by the (a) first-in. first-out method, (b) the last-in, first-out method, and (c) the average cost. method. 1. FIFO. 2. LIFO. 3. AVERAGE COST. Page 1 of 1. Accounting Basics: Lesson 11 - Handout.pdf. Accounting Basics: Le
Page 1 of 3. # 12 Depreciation Methods. Okay, today we're talking about depreciation methods. What do we depreciate in. accounting? In accounting we depreciate fixed assets. They are, fixed assets are long- term; they are relatively permanent in natu
It's really a very simple process to calculate interest and the maturity value of. notes. Page 2 of 2. Accounting Basics: Lesson 9 - Transcript.pdf. Accounting ...
Page 2 of 2. ACCOUNTING BASICS LESSON FIFTEEN. STOCK TRANSACTIONS, DIVIDENDS, AND STOCK SPLITS. PROBLEMS TO WORK. 4. The date of declaration, date of record, and payment dates in connection with a. cash dividend of $275,000 on a corporation's common
Page 1 of 2. Current assets: Cash $7,370. Accounts receivable 2,650. Prepaid insurance 7,300. Supplies 90. Total current assets $17,770. Fixed assets: Office equipment $8,500. Less accumulated depreciation 160 $8,340. Land 12,000. Total fixed assets
So if we go back up to this first note, it's due, it was a $10,000. note and there was $100 interest, so the maturity value in 30 days would be $10,100. The. next note is $15,000 with $125 in interest, so that will be $15,125, would be the maturity.
Now how do these two affect the accounting equation? Well, as the. business earns revenues by selling products or services to their customers, they're. actually increasing the stockholders' rights to the assets of the business, so revenues. increase
are the greater chance either that they've been paid or we've given up some way or. another. All right, so then $20,000 they have listed here as being 61-90 days past due and. they've found that 15% of those were not collectible, so we're going to ta
Page 1 of 3. Accounting Basics Part 8 - The Cash Flow Statement and Accounting for Petty Cash. Okay, today in this unit we've really been studying about cash and internal control over. cash and I thought I would take this opportunity to talk about th
ACCOUNTING BASICS LESSON FOUR. ANALYZING TRANSACTIONS INTO DEBIT AND CREDIT PARTS -. PROBLEM TO WORK. The ABC Company has the following accounts in their chart of accounts: Cash;. Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Cap
medicine. His business transactions for the first month are summarized in A through F below. A) Dr. Laundry deposits $6,000 in a bank account in the name of Family Health Care, P.C. in. return for shares of stock in the corporation. B) Family Health
Page 1 of 1. ACCOUNTING BASICS PART THIRTEEN. PAYROLL TAXES FOR THE EMPLOYER. There are two types of payroll taxes for employers mandated by the federal government. They are FICA taxes and unemployment taxes. Two Types of FICA Taxes â Please note t
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Page 1 of 2. ACCOUNTING BASICS LESSON FIVE- PART TWO. THE ADJUSTMENT PROCESS. ADJUSTING ENTRIES/DEFERREL ADJUSTMENTS. If we take a deposit for revenue to be earned in the future we have collected deferred revenue. Deferred revenue is a liability acco
