An organization's goals focus on the end results the organization seeks.
Answer the following statement true (T) or false (F)
True
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Briefly discuss the limitations on a corporation electing Subchapter "S" status
In recent years Occupational Safety and Health Administration (OSHA) has stepped down its enforcement activities.
Answer the following statement true (T) or false (F)
What is the objective of a target return strategy?
A. a specific share of the market B. a specific mindshare of consumers C. a specific level of profit D. a specific share of competitors' sales E. a specific sales volume
Discount Muffler Company is preparing its bank reconciliation for June 30, 2019. Its bank statement and general ledger T-account for its checking account are presented below:
Best Bank 41 N. Main Street Account Statement Best, GA 32664 June 30, 2019 Member FDIC Discount Muffler Co. Acct. 00709561 161 N. Hill Street Best, GA 32664 Previous Checks Deposits Current Balance and Debits and Credits Balance $9,675.20 $10,685.26 $7,175.10 $6,165.04 Checks and Debits Deposits and Credits Daily Balance DateNo. Amount DateAmount DateAmount 6/03/191983 182.00 6/03/199493.20 6/04/191984 217.26 6/04/192673.10 6/04/1911949.04 6/06/191985 1075.00 6/06/1910874.04 6/07/191986 37.50 6/07/194500.00 6/07/1915336.54 6/10/191987 826.00 6/10/1914510.54 6/11/191988 50.00 6/11/1914460.54 6/12/191989 2670.00 6/12/191990 67.90 6/12/1911722.64 6/13/191991 890.00 6/13/1910832.64 6/14/191992 27.50 6/14/1910805.14 6/17/191993 111.00 6/17/1910694.14 6/18/19DM 380.00 6/18/1910314.14 6/19/191994 60.00 6/19/191995 510.00 6/19/199744.14 6/20/191996 30.00 6/20/199714.14 6/21/191997 1600.00 6/21/198114.14 6/24/191998 78.00 6/24/198036.14 6/25/19NSF 200.00 6/25/197836.14 6/26/191999 208.80 6/26/197627.34 6/27/192000 1250.00 6/27/196377.34 6/28/192002 175.00 6/28/196202.34 6/30/192003 25.30 6/30/19INT 2.00 6/30/19SC 14.00 6/30/196165.04 Symbols:DMCMINTNSFSC DebitCreditInterestNon-Service Memo-MemoEarnedsufficientCharge utility bill funds ? Discount Muffler Company Cash Amount Amount DateDeposited Check #Disbursed Beg. Bal.8200.94 5/31/19 198637.50 6/01/192673.10 1987826.00 6/05/194500.00 198850.00 6/30/19300.00 19892670.00 199067.90 1991890.00 199227.50 1993111.00 199460.00 1995510.00 199630.00 19971600.00 199887.00 1999208.80 20001250.00 200193.00 2002175.00 200325.30 200472.50 2005891.00 6/30/195991.54 ? A)Prepare a bank reconciliation in proper form for June. Note that the beginning balance was correctly reconciled at the end of the previous month, and that all outstanding checks (numbered 1983, 1984, and 1985) and deposits in transit from the previous month cleared the bank during May. B)How much cash will the company report on its June 30 balance sheet? C)What adjusting entries will the company record as a result of this bank reconciliation process? Assume that the bank correctly recorded all transactions, and that any errors noted in the reconciliation process involve transactions on credit. What will be an ideal response?