When preparing the monthly bank reconciliation, Mayhew Company's accountant found the following adjustments to make to either the unadjusted book balance or unadjusted bank balance:
Required:Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.
What will be an ideal response?
Entries must be recorded for the adjustments to the unadjusted book balance so that the adjusted cash balance equals the true cash balance. The NSF check and service charge decrease and the interest increases the unadjusted cash balance. Adjustments do not need to be made for the deposits in transit or the outstanding checks since these are already reflected in the unadjusted cash balance on the company's books.
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All of the following are challenges marketers face when conducting marketing research EXCEPT:
A. Will consumers accept a small gratuity for participating in a market research study for a new or existing product? B. Will consumers really know whether they are likely to buy a new product that they have never thought about before? C. Will consumers reveal honest answers to questions about personal or status issues? D. Will consumers' actual purchase behaviors match their stated interests or intentions? E. Will consumers buy the same brand they say they will?
If you don't know how something works on your campus, what should you go find?
A) Another Campus B) Answers C) Another College D) More Questions E) Study Group
You can order a new model of an electronic notebook in one of five colors. The notebook also comes loaded with one of four different games
How many different combinations of colors and games are possible? If you were to order three different notebooks without stating preference on color or games, what is the probability that they are identical? Assume that the color and game on one notebook is independent of any others.
Which of the following is a cost benefit?
A. Altruism B. Personalization C. Organizational practice D. Brand