1. The firm’s Cash Book showed a Dr. balance of S$7,522 on 31st
January 2004. The Bank statement showed a different balance. The
following differences were discovered.
1. A cheque of S$364 issued to a creditor was not reflected in the
bank statement.
2. Cheques totalling S$147 deposited on 30th January were not
credited.
3. Bank paid S$240 to insurance company per standing order.
4. Bank charges, S$86.
5. A cheque of S$132 from K Sly deposited on 27th January was
returned unpaid. This was not recorded in the Cash Book.
Questions(Explanation required):
1.Update the Cash Book
2.Prepare a Bank Reconciliation Statement as at 31st January
2004
In: Accounting
Think Critically 10-2: Designing a WSUS Deployment.
You manage a network with four domain controllers running Windows Server 2016, seven member servers running Windows Server 2016, four member servers running Windows Server 2012 R2, 100 Windows 10 computers, and 35 Windows 8.1 computers. You need to maintain updates and patches on all these computers. Explain how you would set up WSUS to do so. Which WSUS features would you use? What method would you use to allow you to target specific computers with different types of updates? What method would you use to configure Windows Update on client computers?
In: Computer Science
Oriole Company had the following assets on January 1,
2022.
| Item | Cost | Purchase Date | Useful Life (in years) |
Salvage Value | ||||
|---|---|---|---|---|---|---|---|---|
|
Machinery |
$74,000 | Jan. 1, 2012 | 10 | $ 0 | ||||
|
Forklift |
33,000 | Jan. 1, 2019 | 5 | 0 | ||||
|
Truck |
39,400 | Jan. 1, 2017 | 8 | 3,000 |
During 2022, each of the assets was removed from service. The
machinery was retired on January 1. The forklift was sold on June
30 for $12,300. The truck was discarded on December 31.
Journalize all entries required on the above dates, including
entries to update depreciation, where applicable, on disposed
assets. The company uses straight-line depreciation. All
depreciation was up to date as of December 31, 2021.
In: Accounting
Using SQL Developer ONLY!
Lab 5 1.
Create a lab report file (MS Word compatible) and name it as “IT4153_Lab 5_ Your D2L ID”.
a. Create two tables: Employee: empID (PK), empFname, empLname, deptID(FK) and Department: deptID(PK), deptName, chairID chairID is empID from Employee table
b. Insert at least 3 rows in the Department table and at least 6 rows in the Employee table.
c. Create trigger on update of chairID that enforces the following business rules • One employee can chair no more than one department. • Each department has exactly one chair.
Note: Check what happens with department when you delete it's chair from the table
In: Computer Science
In: Economics
|
Question 15 Find the future value of a five-year $124,000 investment that pays 8.75 percent and that has the following compounding periods: (Do not round intermediate calculations, round final answers to 2 decimal places, e.g. 15.25.) Excel Template(Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you’ve been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.)
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In: Finance
1. A company purchased and installed a machine on January 1,
2012, at a total cost of $108,500. Straight-line depreciation was
calculated based on the assumption of a seven-year life and no
salvage value. The machine was disposed of on April 1, 2016.
(25 Points)
a. Prepare the general journal entry to update depreciation to
April 1, 2016.
b. Prepare the general journal entry to record the disposal of the
machine under each of these three independent situations:
(1) The machine was sold for $45,000 cash.
(2) The machine was sold for $36,000 cash.
(3) The machine was totally destroyed in a fire and the insurance
company settled the claim for $41,000 cash.
Please explain how you are solving the problem.
Answer:
a.
b.(1)
b.(2)
b.(3)
In: Accounting
In: Computer Science
| Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) |
|||
|---|---|---|---|
| Cash | 8,400 | Accounts Payable | 2,800 |
| Accounts Receivable | 4,700 | Debt | 3,400 |
| Inventory | 4,200 | Other Liabilities | 900 |
| Property Plant & Equipment | 17,200 | Total Liabilities | 7,100 |
| Other Assets | 2,800 | Paid-In Capital | 6,700 |
| Retained Earnings | 23,500 | ||
| Total Equity | 30,200 | ||
| Total Assets | 37,300 | Total Liabilities & Equity | 37,300 |
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019
1. Borrow $52,000 from a bank
2. Purchase equipment for $48,000 in cash
3. Issue $85,000 in stock
4. Buy $15,000 worth of manufacturing supplies on credit
What is the final amount in Cash?
In: Accounting
. A company purchased and installed a machine on January 1,
2012, at a total cost of $108,500. Straight-line depreciation was
calculated based on the assumption of a seven-year life and no
salvage value. The machine was disposed of on April 1, 2016.
(25 Points)
a. Prepare the general journal entry to update depreciation to
April 1, 2016.
b. Prepare the general journal entry to record the disposal of the
machine under each of these three independent situations:
(1) The machine was sold for $45,000 cash.
(2) The machine was sold for $36,000 cash.
(3) The machine was totally destroyed in a fire and the insurance
company settled the claim for $41,000 cash.
Answer:
a.
b.(1)
b.(2)
b.(3)
Please explain your calculations so it is easier to understand, thank you.
In: Accounting