BUSI 1004 Study Guide - Final Guide: Bank Reconciliation, Accounts Payable, Quick Ratio
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Each question is worth 2 marks: which of the following pairs of adjustments in a bank reconciliation would both. Selected june 30, 20x2 balance sheet account balances for euge ltd. follow: 2. 345 result in adjusting journal entries: bank charges, outstanding cheques, outstanding cheques, deposits not yet recorded by the bank. Errors made by the bank, collection of a note by the bank on behalf of the company: nsf cheque, errors made by the company. Its customers pay a subscription fee for six months in advance. The january 31, 20x3, unadjusted trial balance of sabor shows a credit balance of ,420,000 in the unearned subscription fees account. During the month of january 20x3, ,000 of additional subscription fees were collected and credited to the unearned subscription fees account. It was determined that the correct balance in the unearned subscription fees account at the end of january 203 was ,630,000.