ACC 291 Financial Reporting Week 3 To Week 4

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ACC 291 Financial Reporting Week 3 To Week 4
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ACC 291 Financial Reporting Week 3 To Week 4
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Assignment   1   Royal Jewels, a retail
business, started business on June 25, 2019. It
keeps a 300 change fund in its cash register.
The cash receipts for the period from June 25 to
June 30, 2019 are below.
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ACC 291 Financial Reporting Week 3 To Week 4
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Assignment     attempt 1 1 Florence Company
received a bank statement showing a balance of
13,550 on November 30, 2019. During the bank
reconciliation process, Florences accountant
noted the following bank errors
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ACC 291 Financial Reporting Week 3 To Week 4
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Practice Assignment   attempt 1   1 1.
During the year 2019, Sampson Company had net
credit sales of 1,950,000. Past experience shows
that 1.5 percent of the firms net credit sales
result in uncollectible accounts.
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ACC 291 Financial Reporting Week 3 To Week 4