In preparing the bank reconciliation of Yardley Company for the month of July, the following information is available: Balance per bank statement, 7/31 ..................... $60,075 Deposits in transit, 7/31 ............................ 9,375 Outstanding checks, 7/31 ............................. 8,625 Deposit erroneously recorded by bank to Yardley's account, 7/18
...................................... 375 Bank service charges for July ........................ 75 What is the correct cash balance at July 31?
a. $52,875
b. $54,375
c. $54,825
d. $60,450
D
You might also like to view...
Which of the following is an example of a company's external metrics?
A) return on sales B) employee turnovers C) manufacturing defects D) late deliveries E) retaining customers
Which of the following is not a difference between job costing for service firms and job costing for manufacturing companies?
A. Service firms' costs are immediately expensed since all work is completed during a period. B. Service firms' finished jobs are charged to Cost of Services Billed instead of Cost of Goods Sold. C. Service firms' overhead accounts have slightly different titles (e.g., Applied Service Overhead). D. Service firms generally use fewer direct materials than manufacturing companies.
Which of the following is not true about the United States criminal law system?
A) Once there has been an arraignment, most of a defendant's constitutional rights are no longer applicable. B) A jury's vote to convict must be unanimous. C) Criminal defendants are presumed innocent until proven guilty. D) The burden of proof in a criminal case is on the government.
When using data partitioning, the first subset, usually with about 70% to 80% of the records, is called the training data set.
Answer the following statement true (T) or false (F)