Problem 6: Bank Reconciliation and Journal Entries Rebel Company’s cash account has a year end balance of $19,662. Outstanding checks as of year end totaled $1,820. Deposits in transit totaled $3,600 at year end. The bank incorrectly recorded a deposit of $750 that was correctly recorded by the Rebel Company as $390. A non-sufficient fund check of $180 is included in the year end balance on the books of Rebel Company. Rebel Company incorrectly recorded a check disbursement on their books for $280 that correctly cleared the bank for $520. The amount was originally posted to Automotive Expense. The bank statement shows a service charge of $22 on the account. The bank collected a note on behalf of the Rebel Company that included $2,200 in principal and $150 in interest. The service charge and note collection are on the bank statement but not yet on the books of the Rebel Company. The balance per the bank statement is $20,150. Hint: Typing in the bank reconciliation into the answer space for question 16 is easier if you put the two sides of the reconciliation on top of each other instead of side-by-side. Either way will be acceptable. Using the above information, answer questions 16-17.
Romulus is adventurous. He loves to rock climb and bungee ju…
Romulus is adventurous. He loves to rock climb and bungee jumping off bridges. His brother, Remus, also likes a thrill, but he likes to rob and steal to get an adrenaline rush. Thus both brothers engage in ________________ but have different ______________.
Recent research suggests that a single item measure of self-…
Recent research suggests that a single item measure of self-esteem predicts as well as a 40-item measure. The 40-item measure thus most obviously lacks:
Although Mark was interested in fashion as a child, teasing…
Although Mark was interested in fashion as a child, teasing from others led Mark to drop this interest in favor of pursuing sports. Mark’s change in interests to avoid disapproval best illustrates ___________.
Which is not a phase of presidential elections?
Which is not a phase of presidential elections?
Sara alternates between states of lethargic hopelessness and…
Sara alternates between states of lethargic hopelessness and states of elevated mood where she has a heightened rate of creative accomplishments. Her disorder is best described as _______?
The right of candidates to spend their own money on running…
The right of candidates to spend their own money on running for office
Cassi pauses when she notices a couple arguing loudly in a p…
Cassi pauses when she notices a couple arguing loudly in a parking lot. When no one else appears to worry, she continues walking to her car. Cassi’s behavior best demonstrates:
The theory that describes how industries dominate the agenci…
The theory that describes how industries dominate the agencies that regulate them is known as _____.
Joe is a used-car salesman, and his go-to sales pitch is: “T…
Joe is a used-car salesman, and his go-to sales pitch is: “This car is a beauty, very cheap too – unless you want a different paint color. Tell me if you don’t want it. It’s your choice. But why don’t you take it just for a test drive?” Which of the following techniques of persuasion is LEAST likely to be utilized in this scenario?