Question: Content AreaAnna erroneously records a check drawn for $385 as $835. This error is adjusted on the bank reconciliation as a(n) ____. a. $835 deduction

Content AreaAnna erroneously records a check drawn for $385 as $835. This error is adjusted on the bank reconciliation as a(n) ____. a. $835 deduction from the cash balance per bank b. $450 addition to the cash balance per books c. $1,220 deduction from the cash balance per books d. $385 addition to the cash balance per bank

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Use the data in SCHOOL93_98 to answer the following questions. Use the command xtset schid year to set the cross section and time dimensions. (i) How many schools are there. Does each school have a...

Genuine Spice Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle...

A regression model between sales ( y in $1000s), unit price ( x 1 in dollars) and television advertisement ( x 2 in dollars) resulted in the following function: = 7 3 x 1 + 5 x 2 For this model, SSR...

Cuba's Batista era is best described as a period of __________. A. widespread economic reforms under a communist system B. economic problems despite promotion of foreign investment C. economic...

Question Content Area Anna erroneously records a check drawn for $ 3 8 5 as $ 8 3 5 . This error is adjusted on the bank reconciliation as a ( n ) _ _ _ _ . a . $ 4 5 0 addition to the cash balance...

Anna erroneously records a check drawn for $385 as $835. This error is adjusted on the bank reconciliation as a(n) ____. a. $385 addition to the cash balance per bank b. $835 deduction from the cash...

Anna erroneously records a check drawn for $385 as $835. This error is adjusted on the bank reconciliation as a(n): a.$385 addition to the cash balance per bank. b.$835 deduction from the cash...

8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to...

fom INSTRUCTIONS: correct ltter Indicate the proper place for each of the form below n the naing reconciling tems by insering the n May 31.20- Cash balance per depositor's records Cash balance per...

The cash account for Norwegian Medical Co. at April 30 indicated a balance of $9,980. The bank statement indicated a balance of $11,620 on April 30. Comparing the bank statement and the accompanying...

Banl Reconciliation and Entries The cash account for Norwegian Medical Co. at April 30 indicated a balance of $14,110. The bank statement indicated a balance of $16,570 on April 30. Comparing the...

The board of directors of Radio Plus authorizes the issue of $7,000,000 of 9%, 25-year bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on May 31, 2012,...

How many grams of Na2CO3 (FM 105.99) should be mixed with 5.00 g of NaHCO3 (FM 84.01) to produce 100 mL of buffer with pH 10.00?

4. Which of the following statements changes the contents of the strZip variable from 60521 to 60561? a. strZip = strZip.Insert(3, "6") strZip = strZip.Remove(4, 1) b. strZip = strZip.Insert(4, "6")...

Daria is a part time employee who recently started up her own business as a sole proprietorship. For the current year, she had the following sources of income and loss: Net employment income (loss)...

Use the ANOVA summary table to complete parts (a) through (c) below. Degrees of Freedom 5 5 25 108 143 Source A B AB Error Total a. At the 0.05 level of significance, is there an effect due to factor...

If a purchase on credit is omitted from both the purchases account and ending inventory of the current year and is not recorded in the succeeding year the income statement is correct because the...

Use the following end-of-period spreadsheet to answer the question that follow. The expenses would be closed by a. debiting Expenses for $105,000 b. crediting Expenses for $105,000 c. debiting Wages...

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

=+Highest Quintile Fourth Quintile Lowest Quintile Second Quintile Third Quintile MA 2.9 NJ 2.9 DC 4.1 DE 3.3 MD 2.9 RI 1.8 CT 2.6 AK 0.7 GDP % Change Top 40% Bottom 60% Total West (Far West,...

=+54. U.S. Gross Domestic Product. The U.S. Bureau of Economic Analysis provides information on the Gross Domestic Product (GDP) in the United States by state (www.bea.gov). The Bureau recently...

=+55. Economic growth. The U.S. Bureau of Economic Analysis also provides information on the growth of the U.S. economy (www.bea.gov). The Bureau recently released figures that they claimed showed a...