ACC 557 Week 5, Chapter 8( E8-3, E8-5, E8-14, P8-7A) FOR MORE CLASSES VISIT www. acc557tutor. com
the fund from $ 100 to $ 150.00............. Prepare journal entries for LaSalle Company............
E7-14: Nayak Company has recorded the following items in its financial records.............
The cash in bank is subject to a compensating balance of $ 5,000. The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. What amount should Nayak report as ― Cash and cash equivalents ‖ on its balance sheet?............
P7-3A: On May 31, 2014, Terrell Company had a cash balance per books of $ 6,781.50. The bank statement from Home Town State Bank on that date showed a balance of $ 6,804.60. A comparison of the statement with the cash account revealed the following facts.............
a) Prepare the bank reconciliation at May 31, 2014.............
b) Prepare the necessary adjusting entries for Terrell Company at May 31, 2014............
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ACC 557 Week 5, Chapter 8( E8-3, E8-5, E8-14, P8-7A) FOR MORE CLASSES VISIT www. acc557tutor. com
ACC 557 Week 5, Chapter 8( E8-3, E8-5, E8-14, P8-7A)