1. In excel, complete the following two bank reconciliations and entries: A. Prepare Bank Reconciliation Stevens Company’s August 31st bank statement shows a balance of $14,750. McKnight’s books sho

1. In excel, complete the following two bank reconciliations and entries: A.  Prepare Bank ReconciliationStevens Company’s August 31st bank statement shows a balance of $14,750. McKnight’s books show a August 31st cash balance of $13,600. Stevens also has the following information: Deposits in transit as of August 31st, $1,000 Outstanding checks as of August 31st, $2,500 $100 service charge reported on the bank statement NSF check returned with bank statement, $1,500 Interest on note receivable collected by the bank, $1,250Required: Hide Prepare Stevens Company’s bank reconciliation as of August 31st.Prepare any necessary journal entries resulting from the reconciliation.B.  Prepare Bank ReconciliationElla Company’s September 30 bank statement shows a balance of $53,810. Ella’s September 30 cash balance is $45,800. Hayley also has the following information: Deposits made but not appearing on the September bank statement, $5,500. Check written but not appearing on the September bank statement, $12,200. One check written for the purchase of Supplies was erroneously recorded for $890 but appears on the bank statement at $980. Monthly service charges listed on the bank statement are $230. Hayley had already recorded the effect of $130 of those charges. A customer payment for a $1,500 receivable was collected by the bank but not yet recorded by Ella.Required: Hide Prepare Ella’s bank reconciliation as of September 30.Prepare any necessary journal entries resulting from the reconciliation.2. Complete the following allowance for doubtful accounts assignment:Cookie Company, Inc. offers credit terms to its customers. At the end of 2021, accounts receivable totaled $625,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $32,000 at the beginning of 2021 and $21,000 in receivables were written off during the year as uncollectible. Also, $1,200 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year.Required:Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.Compute the ending inventory and cost of goods sold using the FIFO, LIFO, AND, Weighted Average Cost costing method. Submit in excel with each method on a separate tab.4. Depreciation Methods (show each method in a separate excel tab)Appliance Steel purchases a machine on January 1 for $25,000. The machine has an estimated useful life of seven years, during which time it is expected to produce 114,800 units. Salvage value is estimated at $1,500. The machine produces 16,500 and 15,200 units in its first and second years of operation, respectively.Required:Calculate depreciation expense for the machine using the straight-line method of depreciation.$ / yr.there is another smiler question in a file

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code HAPPY