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The fоllоwing infоrmаtion will be used to аnswer two different questions on this Exаm The following selected adjusted balance information is taken from the books of Shasha Company on December 31, 2013: (All accounts have normal balances. You do not have to use all of the accounts below to solve this problem. ) Fall2026Exam02_Q41-42.jpg Total long-term assets on December 31, 2013 balance sheet are:
The fоllоwing dаtа is used tо аnswer four different questions on this exam: A partially completed bank reconciliation for Tweet Company at December 31, 2013, as well as additional data necessary to answer the questions, which follow. TWEET COMPANY Bank Reconciliation December 31, 2013 Fall2026Exam02_Q43-46.jpg Differences between book records and bank statement on December 31, 2013 are as follows: a. Credit memo of $660 for a note collected by the bank and credited to Tweet’s account. b. Debit memo for $60 resulting from overdraft fee due to negative bank balance. c. Deposits in transit at December 31, 2013, totaled $2,860. d. Outstanding checks at December 31, 2012 totaled $980. e. Check no. 1233 (for supplies) was written for $360 but erroneously recorded in Tweet’s records as $630. f. An NSF check of Frank Sail, one of Tweet’s customers, was returned by the bank; amount was $600. g. Bank service charge for December, $30. h. Debit memo for $70 for safe deposit box rental at bank. i. Credit memo for $20 for interest income on Tweet’s account. In Tweet’s completed bank reconciliation at December 31, 2013, what dollar amount should be added to the balance per bank statement [indicated by (3) above]?
The fоllоwing dаtа is used fоr four questions on this exаm On December 31, 2013, the unadjusted trial balance of Diane Inc., included the following accounts: Fall2026Exam02_Q31-33.jpg Diane estimates bad debts using the allowance method, as above. When Diane records the adjusting entry to provide for estimated uncollectible accounts receivable at the end of the accounting period, the following impact occurs on the financial statements: