Accounting Information Systems
10th Edition
ISBN: 9781337619202
Author: Hall, James A.
Publisher: Cengage Learning,
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Textbook Question
Chapter 16, Problem 4DQ
What are rounding error routines, and why are they used?
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Madison Company's cash ledger reports the following for the month ending March 31.
Deposits:
Date
3/4
Amount
Number
Date
Amount
$1,100
Checks:
541
3/2
$5,900
3/11
1,200
542
3/8
500
3/18
3,700
543
3/12
2,400
3/25
3,100
544
3/19
1,100
Cash receipts:
3/26 to 3/31
2,800
545
3/27
800
$11,900
546
3/28
600
547
3/30
1,900
$13,200
Amount
Balance on March 1
$5,500
Receipts
11,900
Disbursements
(13,200)
Balance on March 31
$4,200
Information from March's bank statement and company records reveals the following additional information:
a. The ending cash balance recorded in the bank statement is $5,867.
b. Cash receipts of $2,800 from 3/26 - 3/31 are outstanding.
c. Checks 545 and 547 are outstanding.
d. The deposit on 3/11 included an NSF check from a customer in the amount of $470 that did not clear the bank.
e. Check 543 was written for $3,000 for office supplies in March. The bank properly recorded the check for this amount.
f. An electronic funds transfer (EFT) for March rent was made on March…
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Chapter 16 Solutions
Accounting Information Systems
Ch. 16 - Prob. 1RQCh. 16 - Prob. 2RQCh. 16 - Prob. 3RQCh. 16 - Prob. 4RQCh. 16 - Prob. 5RQCh. 16 - Prob. 6RQCh. 16 - Prob. 7RQCh. 16 - What is the importance of the SPL?Ch. 16 - Prob. 9RQCh. 16 - Prob. 10RQ
Ch. 16 - Prob. 11RQCh. 16 - Prob. 12RQCh. 16 - What tests may be conducted for identifying...Ch. 16 - Prob. 14RQCh. 16 - Prob. 15RQCh. 16 - Prob. 16RQCh. 16 - Prob. 17RQCh. 16 - Prob. 18RQCh. 16 - Prob. 19RQCh. 16 - Prob. 20RQCh. 16 - Prob. 1DQCh. 16 - Prob. 2DQCh. 16 - Prob. 3DQCh. 16 - What are rounding error routines, and why are they...Ch. 16 - Prob. 5DQCh. 16 - Prob. 6DQCh. 16 - Prob. 7DQCh. 16 - Prob. 8DQCh. 16 - The systems development life cycle is a...Ch. 16 - Prob. 10DQCh. 16 - Prob. 11DQCh. 16 - Compare and contrast the following techniques...Ch. 16 - Prob. 13DQCh. 16 - Prob. 1MCQCh. 16 - Prob. 2MCQCh. 16 - Which of the following is NOT an SDLC controllable...Ch. 16 - Prob. 4MCQCh. 16 - Which of the following statements is NOT correct?...Ch. 16 - Prob. 6MCQCh. 16 - Prob. 7MCQCh. 16 - Prob. 8MCQCh. 16 - Prob. 9MCQCh. 16 - Prob. 10MCQCh. 16 - Prob. 1PCh. 16 - Prob. 2PCh. 16 - Prob. 3PCh. 16 - Prob. 4PCh. 16 - Prob. 5PCh. 16 - Prob. 6PCh. 16 - Prob. 7PCh. 16 - Prob. 8PCh. 16 - Prob. 9PCh. 16 - The Balcar Companys external auditors are...Ch. 16 - Prob. 11PCh. 16 - Prob. 12PCh. 16 - Prob. 13PCh. 16 - Prob. 14PCh. 16 - Prob. 15PCh. 16 - Prob. 16PCh. 16 - Prob. 17PCh. 16 - Prob. 18P
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