Question: Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021. Bank error in recording a

 Indicate how each of the items listed would be handled when

preparing a bank reconciliation as at June 30, 2021. Bank error in

recording a company cheque made out for $160 as $610 Choose... Bank

Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021. Bank error in recording a company cheque made out for $160 as $610 Choose... Bank debit memorandum for service charges Choose... Add to cash balance per books Deduct from cash balance per bank Does not affect the bank reconciliation Add to cash balance per bank Deduct from cash balance per books Outstanding checks from the current month amounted to $100 Cheque #390 for $520 was correctly written and paid by the bank but incorrectly entered in the general journal for $250. Choose... An EFT of $560 was received from a customer in payment for their amounts owed. Choose... A company constructed a small gold mine at the cost of $24.35 million dollars. The ore body has proven reserves of 157,400 troy ounces of gold. The residue value of the mine, after the ore deposit is extracted, is $745,000. During the first year of operation, 23,250 troy ounces of gold was extracted, of which, 19,540 ounces were sold. Calculate depletion per troy ounce to the nearest penny ($1.23). Calculate the following: 1. Depletion cost per troy ounce 2. ory Depletion cost allocated to ye. $149.97 $151.33 $148.82 $150.56 $147.41 A company constructed a small gold mine at the cost of $24.35 million dollars. The ore body has proven reserves of 157,400 troy ounces of gold. The residue value of the mine, after the ore deposit is extracted, is $745,000. During the first year of operation, 23,250 troy ounces of gold was extracted, of which, 19,540 ounces were sold. Calculate depletion per troy ounce to the nearest penny ($1.23). Calculate the following: n 1. Depletion cost per troy ounce 2. Depletion cost allocated to year-end inventory $ 158,501 $160,167 $157,493 $556,389 $159,014 Next page age

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!