3. Reconcile the following bank and book cash balances and do necessary adjusting entries: Bank...
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Accounting
3. Reconcile the following bank and book cash balances and do
necessary adjusting entries:
Bank balance $1,980 7/31/20; book balance 7/31/20
$1,967: NSF check S81;
Note collected by bank $190; interest collected by
bank on note $6; bank
service charge $4; outstanding checks $150 and
deposits outstanding $ 247.
4. Future value of a single value of $5,000. Factors to choose
1.262477 from luture
value table or 4.374616 from the annuity table.
Explain current ratio and inventory turnover
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