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finance The cash account for Capstone Medical Co. at November 30, 2016, indicated a balance of $\$ 89,620$. The bank statement indicated a balance of $\$ 128,660$ on November 30, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $\$ 32,700$. b. A deposit of $\$ 18,550$, representing receipts of November 30 , had been made too late to appear on the bank statement. c. The bank collected $\$ 26,750$ on a $\$ 25,000$ note, including interest of $\$ 1,750$. d. A check for $\$ 1,500$ returned with the statement had been incorrectly recorded by Capstone Medical Co. as $\$ 150$. The check was for the payment of an obligation to ABC Supply Co. for a purchase on account. e. A check drawn for $\$ 490$ had been erroneously charged by the bank as $\$ 940$. f. Bank service charges for November amounted to $\$ 60$. Instructions 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed. 3. If a balance sheet were prepared for Capstone Medical Co. on November 30, 2016, what amount should be reported as cash? Verified answer Recommended textbook solutions
Other Quizlet setsWhich of the following is the most effective way of preventing targeted attacks from succeeding?Timely detection and response, training of personnel, and advanced training of information security department employees help reduce the risks associated with targeted attacks.
In which of the following attacks does the attacker pretend to be a legitimate user?Impersonation is when a malicious actor pretends to be a legitimate user or service to gain access to protected information. Impersonation attacks are easy to carry out and can be very damaging, depending on the type of data the attacker is trying to obtain.
What method would a cyber attacker use to infect a system with malware?Phishing Emails
By far the most common method for hackers and state-sponsored hacking organizations to spread malware is through phishing emails. Hackers have become incredibly skilled at crafting emails that trick employees into clicking on links or downloading a file that contains malicious code.
Which of the following is an effective way for you to protect your organization against hackers?In reality, there are just five specific steps that all companies need to follow to effectively protect against cyber attacks: secure your hardware, encrypt and backup all your data, encourage a security-centered culture, use robust firewall and anti-malware software, and invest in cyber security insurance.
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What method would a cyber attacker use to infect a system with malware quizlet?
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