Problem 6: Bank Reconciliation and Journal Entries Rebel Com…
Questions
Prоblem 6: Bаnk Recоnciliаtiоn аnd 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.
Prоblem 6: Bаnk Recоnciliаtiоn аnd 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.
Prоblem 6: Bаnk Recоnciliаtiоn аnd 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.
Reаd the press releаse аnd write a brоadcast news style lede. Then, justify yоur lede with a sentence оr two explanation. Santa Rosa, CA – – The Sonoma County Department of Health Services (DHS) began weekly quantitative water testing throughout the Russian River. DHS received test results indicating that a low-level of blue-green algae toxins are present in certain areas of the river. In accordance with state guidance, the level of toxin present is enough to trigger the posting of “Caution” signs. Signs in both English and Spanish will be posted at the ten major beaches along the Russian River. “We have been watching conditions like the water temperature and visually monitoring the river,” stated Dr. Karen Milman, Sonoma County Health Officer. “When we noted conditions were present that could support rapid growth of algae, including blue-green algae, we started laboratory testing.” The results indicate there could be a risk to pets and children in particular and therefore “Caution” signs are being posted. “We want to inform people using the Russian River to take steps to protect themselves, their families and especially their pets. Dogs like to eat things and are known to preferentially seek out blue-green algae. Be aware of this in deciding how you supervise your dog.” “Caution” is the lowest of three levels of state recommended advisory signage (“Caution” ”Warning” and “Danger”). The Russian River is open for recreational use. However, the public should be advised that potentially harmful algae may be present. Care should be taken to keep children and pets away from algae, and prevent them from drinking river water. Signs will include these recommendations: Stay away from algae in the water. Keep children away from algae in the water, on the shore and in isolated side pools. Do not drink river water or use for cooking. Do not let pets drink the water, or eat scum on the shoreline. For fish caught here, throw away guts and clean fillets with tap water or bottled water before cooking. Rinse off thoroughly with clean water after river play, particularly children and pets. Weekly laboratory testing will continue until two successive weeks of negative test results. River conditions will be monitored until they no longer support the rapid growth of blue-green algae.