WebBased on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year. (1) 14.33 times (2) $589.04 (3) 25.5 days. If the estimated rate of gross profit is 30%, what is the estimated cost of the inventory on ... WebIf a check correctly written and paid by the bank for $428 is incorrectly recorded on the company's books for $482, the appropriate treatment on the bank reconciliation would be to Question 32 options: A) deduct $54 from the bank's balance B) add $54 to the bank's balance C) deduct $428 from the book's balance D) add $54 to the book's balance.

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WebNov 20, 2024 · If a check correctly written and paid by the bank for $342 is incorrectly recorded in the company’s . Add $52(342-290) to bank balance so that that... WebIf a check correctly written and paid by the bank for $647 is incorrectly recorded on the company's books for $674, the appropriate treatment on the bank reconciliation would be … how to start a company in alberta

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Webd. A check for $770 returned with the statement had been incorrectly recorded by Remedy Medical Co. as $700. The check was for the payment of an obligation to Copelin Co. for a purchase on account. e. A check drawn for $330 had been erroneously charged by the bank as $3,300. f. Bank service charges for April amounted to $110. Instructions. 1. Oct 14, 2024 · Web22 hours ago · Before we dive into the main and co-main events, which includes the featherweight showdown between battle-tested veteran Edson Barboza and “Contender Series” standout Billy Quarantillo, check ... how to start a company for kids