Horton Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each
Question:
Horton Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each item, indicate if it is (1) added to balance per bank statement, (2) deducted from balance per bank statement, (3) added to balance per books, or (4) deducted from balance per books.
(a) Deposit in transit $5,500.
(b) Bank service charges $25.
(c) Interest credited to Horton’s account $31.
(d) Outstanding checks $7,422.
(e) NSF check returned $377.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Added to balance per bank statement ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
The simply French restaurant has identified the following activities performed by Its staff: a. For each of these activities, state whether the number of tables served or the number of customers at...
-
Jaguar Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each item, indicate if it is (a) Added to the balance per bank statement, (b)...
-
The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $3 million capital budget for the current period, which...
-
Assume that a CPA has just received a new audit client. The client will be the firms largest audit client, and the firm will have to hire one new staff member to staff the engagement. The fees will...
-
Visit four retail stores with another classmate. In each store, identify whether the store uses a bar-coding system to help manage its inventory. Try to find at least one store that does not use...
-
1. Which of the following statements is false? a. Financing total assets is called the financial structure decision. b. Capital structure is how invested capital is financed. c. The financial...
-
When $300, plus sales tax of 6%, is received for an amount previously owed, Cash is debited for what amount? (a) $18 (c) $300 (b) $318 (d) $282
-
On December 31, 2008, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co. agreed to accept a $200,000 zero-interest-bearing note due...
-
(Related to Checkpoint 13.3) (Scenario analysis) Family Security is considering introducing tiny GPS trackers that can be inserted in the sole of a child's shoe, which would then allow for the...
-
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
-
Fin man Company designated Jill Holland as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $15. Petty cash receipts indicate...
-
Use the information presented in BE7-15 for Horton Corporation. Prepare any entries necessary to make Hortons accounting records correct and complete.
-
Why would attempts to redistribute income by taxing high income doctors very heavily result in even higher pre-tax earnings by doctors over time?
-
Beginning Inventory is 1/05 Sold 1/12 Inventory Purchased 1/19 Sold 1/22 Inventory Purchased 1/30 Sold 100 units with a cost of $4 45 Units at $6 50 units at $4.25 30 Units at $6 50 Units at $4.50 45...
-
There are nine complexity key concepts listed in Crowell & Boynton pp 20-23. Choose two of the key concepts and define the concepts. Apply these concepts to a leadership example from your own...
-
What are the sociocultural impacts of global sports events like the Olympics on host countries and the international community ? Explain
-
People get sick. People accidentally fall down, and then sue property owners; people fall down on purpose, and then sue property owners. People bring dogs to the properties, and then the dog bites...
-
Assume the $17,000 Treasury bill, 8% for 13 weeks. Calculate the effective rate of interest. Note: Use calendar year. Round your answer to the nearest hundredth percent. Effective rate of interest %
-
The common thermal polymerase chain reaction (PCR) process requires the cycling of reagents through three distinct temperatures for denaturation \(\left(90-94^{\circ} \mathrm{C} ight)\), annealing...
-
The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09 resistance. If the load power factor is 0.83 lagging, find the...
-
In AHDL, how is multiplication by 10 accomplished?
-
Englehart Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
-
Briefly describe the valuation of (a) Biological assets and (b) Agricultural produce.
-
In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the followingcases. Cases $15.90 14.80 $15.90 10.40...
-
Networking Chapter 6 Assignments Hands-on Project 6-4 (Page 253): Determining the Correct Prefix Network ID Required hosts 172.16.1.0 254 10.1.100.128 62 10.1.96.0 8190 192.168.1.0 200 172.31.0.0...
-
The collapse of a global housing bubble in 2008 triggered Multiple select question. decreased regulation. an increase in the use of fair value accounting. the failure of large financial institutions....
-
The United States has seen a significant percentage of its steel production move to nations that can produce the product for a cheaper price. The means that the United States has lost its _________...
Study smarter with the SolutionInn App