On December 1 , 2 0 2 0 , Lili company add the following account balances debit
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On December Lili company add the following account balances debit cash N receivable accounts receivable inventory prepaid insurance equipment equaling to credit accumulated depreciation equipment on accounts payable to owners capital total equaling during December the company completed the following transactions December received cash from customers and payment of account. no discount allowed December purchase merchandise on account from Vance CO terms and December sold merchandise on account terms and the cost of the merchandise sold whats December paid salaries December paid rent CO in for less discount December received collections in for less discounts from customers build on December December received cash from customers in payment of account. No discount allowed adjust a data one. Depreciation per month to insurance expired $ The statement from Jackson County bank on December showed a balance of a comparison of the bank statement with the cash account revealed the following fax one the bank collected a note receivable of $ for Lili company on December to the December receipts were deposited in the night deposit vault on December These deposits recorded by the bank in January checks outstanding on December total for December the bank statement show the NSF charge of $ for a check received by the company from OBrien a customer on account repair a bank reconciliation as of December based on the available information
Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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