1. The following information is available for Unique Globe as of May 31 2011:a. Cash on the books as of May 31 amounted to $43784.16. Cash on the bank statement for the same date was $53451.46.b. A deposit of $5220.94 representing cash receipts of May 31 did not appear on the bank statement.c. Outstanding checks totaled $3936.80.d. A check for $1920.00 returned with the statement was recorded incorrectly in the check register as $1380.00. The check was for a cash purchase of merchandise.e. The bank service charge for May amounted to $30.f. The bank collected $12200.00 for Unique Globe on a note. The face value of the note was $12000.00.g. An NSF check for $178.56 from a customer Eve Lay was returned with the statement.h. The bank mistakenly charged to the company account a check for $750.00 drawn by another company.i. The bank reported that it had credited the account for $250.00 in interest on the average balance for May.Requireda. Prepare a bank reconciliation for Unique Globe Inc. as of May 31 2011.b. Why is a bank reconciliation considered an important control over cash?2. Prince s Pipe Co. purchases equipment with a list price of $22000. Regarding the purchase Prince: Received a 2% discount off the list price Paid shipping costs of $800 Paid $1750 to install the equipment $1 200 of which was for a unique stand for the equipment Paid $2800 to insure the equipment $300 for delivery transit and $2500 for a two-year policy to cover operations Paid $600 to have the manufacturer train employees on safety featuresRequired:Determine the acquisition cost of the equipment.3. Development Industries purchased a depreciable asset for $50000 on January 1 2010. The asset has a ve-year useful life and a $10000 estimated salvage value. The company will use the straight-line method of depreciation for book purposes. However Development will use the double-declining-balance method for tax purposes. Assume a tax rate of 30%.Requireda. Prepare depreciation schedules using the straight-line and double-declining-balance methods of depreciation for the useful life of the asset.b. Under the straight-line method of depreciation what is the gain or loss if the equipment is sold (1) at the end of 2012 for $30000 or (2) at the end of 2013 for $16000?
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BENCHMARK – EFFECTS OF CHILDHOOD TRAUMA WORKSHEET
Academic Level University Subject Healthcare Type of Paper Other (Not listed) Paper Format APA Assessment Traits Benchmark Requires Lopeswrite Assessment Description Complete the “Effects of Childhood Trauma Worksheet” document attached. While APA format is not Read more…