Financial Accounting (12th Edition) (What's New in Accounting)
Financial Accounting (12th Edition) (What's New in Accounting)
9th Edition
ISBN: 9780134726656
Author: Harrison
Publisher: PEARSON
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Chapter 4, Problem 4.36Q
To determine

To find: The correct option, the option which explains the which indicates the correct journal entry for the deposits in transit of $790 in bank reconciliation

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On January 1, 2015, Accounts Receivable was $37,000. Sales on account for 2015 totaled $196,000. The ending balance of Accounts Receivable was $66,000. What is the amount of cash collected from customers?
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BPR Company uses a job order costing system and has set a pre-determined overhead rate of 475% of direct labor cost. Job T-925 was charged with direct materials of $86,000 and with overhead of $95,000. Assume BPR Company prices its jobs at 72% above manufacturing cost. Calculate the price charged to the customer for Job T-925.

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Financial Accounting (12th Edition) (What's New in Accounting)

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