- Principles Of Accounting Mcgraw Hill Connect Chapter 5 Answers Questions
- Principles Of Accounting Mcgraw Hill Connect Chapter 5 Answers Pdf
McGraw Hill Connect, Chapter 8 Accounting assignment includes:
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CHAPTER 8 HOMEWORK and CHAPTER 8 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-14-2013
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Chapter 8 TEST document:
PROBLEM #1 – 22 points
Greenview Food Store developed the following information in recording its bank statement for the month of March 20XX.
Balance per books on March 31 $ 829
Balance per bank on March 31 $ 7,030
1) Checks written in March but still outstanding, $5,200.
2) Checks written in February but still outstanding, $1,200.
3) Deposits of March 30 and 31 not yet recorded by bank, $3,100.
4) NSF check of customer returned by bank, $400.
5) Check #210 for $675 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $657, for payment to a creditor.
6) Bank service charge for March was $31.
7) A payment on account was incorrectly entered into the cash payments journal and posted to the accounts payable subsidiary ledger for $854 when check #318 was correctly prepared for $584. The check cleared the bank in March.
8) The bank collected a note receivable for the company for $3,000 plus $80 interest.
Instructions:
a) Prepare a bank reconciliation for the Greenview Food Store for the month of March 31, 20XX.
b) Journalize the adjusting entries for Greenview Food Store on March 31, 20XX.
Bank Reconciliation:
Journal Entries:
| General Journal | |||
| Date | Description | Debit | Credit |
PROBLEM #2 – 18 points
Jenrob Company completed the following selected transactions during January 20XX.
January 1 Established a petty cash fund of $500
15 The cash sales for the day per the register tape were $3,018.
The actual cash received from cash sales were $3,011.
31 Petty cash on hand was $123. Replenished the petty cash fund for the following
disbursements:
Jan 2 Office supplies, $45
10 Postage due on letter, $29 (Miscellaneous Expense)
14 Office supplies, $56.
17 Postage stamps, $42 (Office Supplies).
20 Express charges on merchandise sold, $136 (Delivery Expense).
22 Repair to desk, $63 (Miscellaneous Expense).
30 Office supplies, $12.
31 The cash sales for the day per the register tape were $2,812.
The actual cash received from cash sales were $2,822.
31 Decreased the petty cash fund by $100.
| General Journal | |||
| Date | Description | Debit | Credit |
What is the balance in the cash short/over account (DR or CR & $ amount)? Is it a revenue or an expense?
Balance in Cash Short/Over? ______________________________
Revenue or Expense? ____________________________________
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Where will you find answers to bookkeeping?
We have Accounting and under that is Bookkeeping. Look in Categories on left. Type in Bookkeeping.
Ashworth University Accounting Mid Term answers?
There is not a place that you can find the answers to the mid-term. The tests will vary each year. You need to study for the mid-term to make sure you will know the answers.
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Principles Of Accounting Mcgraw Hill Connect Chapter 5 Answers Questions
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Is accounting a good field to find a job in?
Accounting is a great field to find a job in because accountants are always necessary! The best part of looking for a job in accounting is that one can work independently AS an accountant, or as part of the accounting department for a company that provides other services. For example, an accountant may find a job doing accounting for a hotel.
Where online can one find information about insurance accounting?
You can find information on insurance accounting from websites such as: Fox Business, The New York Times, and from FASB (the Financial Accounting Standards Board).
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Specialized fields in accounting include tax accounting and forensic accounting. To take advantage of these specialties you must find a university offering the courses.
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Where can one find jobs in accounting?
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Where one can find information on accounting tax?
There are many places where one would be able to find information regarding accounting tax. One could visit websites such as Taxes About for information regarding accounting tax.
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Donald E. Kieso's book 'Intermediate Accounting' is considered to be the best book on the subject of Intermediate Accounting. You can find his book on Amazon and in every major book store.
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It is possible to find information about accounting management online on the Sage website. Sage not only provide the leading accounting managment software, but also have links to places where you can attend courses and find out more information.
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How do I get an accounting job with no accounting experience?
A similar question above this one has some specific answers. On top of those, keep in touch with your classmates, and use them to network as they find jobs. I got my first accounting position due to some networking luck. A racketball partner of mine met and became engaged to a manager at a local CPA firm. The next time an opening came up there I was hired. Go to work at an accounting firm… Read More
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Most companies that make accounting software for the PC also make accounting software for the Macintosh. Intuit, Quickbooks and AccountEdge all work on the Mac.
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Where can i find the answers to the case study A Right To Her Genes?
Students can find the answers to the case study can be found in the course materials. The answers are not provided online.
Where can you find information on tax accounting?
Information on tax accounting can be found at Thomson Reuters, Turbo Tax, H&R Block, Education Portal, Quartz, Investopedia and Mak Tak Tax Accounting.
What is difference between management account and cost account?
Principles Of Accounting Mcgraw Hill Connect Chapter 5 Answers Pdf
Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.