King Miser, who collected coins, joined a coin club, Local Coin Shop. The club would send coins to its members, who were to pay for them or return them within 60 days. This is an example of a sale or return. O True O False

33. subject:- Accounting

I NEED HELP WITH T-TABLE   Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2020, the company’s Cash account per its general ledger showed a balance of $7,402.00.The bank statement from Emporia State Bank on that date showed the following balance. Emporia State Bank   Checks and Debits   Deposits and Credits   Daily Balance   XXX   XXX   5-31   8,403.20   A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1.   The statement included a debit memo of $30 for the printing of additional company checks.   2.   Cash sales of $993.48 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $1,043.48. The bank credited Timmins Company for the correct amount.   3.   Outstanding checks at May 31 totaled $941.35, and deposits in transit were $2,013.15.   4.   On May 18, the company issued…

ABC Equipment(ABC) employs Hilda as its office manager.  ABC regularly uses a facsimile rubber stamp to issue its checks and stores the stamp in the President of the company's unlocked office desk.  Hilda, as well as several other officers of the company regularly use the stamp.  Hilda writes an unauthorized check payable to Robert Gamble(Gamble) for $500.00 using the rubber stamp.  She actually owes Gamble $5,000.00 as a gambling debt.  Gamble alters the check changing the dollar amount to $5,000.00 and deposits the check in his account at First Fraud Bank(FFB).  ABC's bank The Blind Side Trust Company(BST) does not notice the alteration and pays the $5,000 check to the credit of FFB, who in turn credits Gamble's account $5,000.00.  Gamble withdraws the $5,000.00 in cash goes to the Racino and prompltly loses all the money, leaves town, and is nowhere to be found.  ABC gets monthly bank statements, but does not notice the unauthorized check until it re-examines its books and all of…