MANAGERIAL ACCOUNTING LL W/ CONNECT
MANAGERIAL ACCOUNTING LL W/ CONNECT
17th Edition
ISBN: 9781266675409
Author: Garrison
Publisher: MCG
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Chapter 9, Problem 17P
To determine

Introduction: The difference between the planning budget and the flexible budget is known as activity variance. It arises due to the difference between the planned activity level and the actual activity level.

To prepare: The production department's flexible budget performance report.

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Burson Enterprises' May 31 bank reconciliation shows deposits in transit of $850. The general ledger Cash in Bank account shows total cash receipts during June of $48,500. The June bank statement shows total cash deposits of $44,300 (including $1,500 from the collection of a note; the note collection has not yet been recorded by Burson). What amount of deposits in transit should appear in the June 30 bank reconciliation? Help
What should be the adjusted cash balance
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