Aampa products recieved a check from one of their customers

Assignment Help Accounting Basics

Reference no: EM13581780

The following information was gathered from the books of A&A Products in order to prepare its bank reconciliation:

Balance per bank statement, June 30 11,800

Balance per ledger, June 30 13,160

Intrest earned 40

Outstanding checks 200

Returned checks 300

Deposit in transit 1,200

ADDITIONAL INFORMATION:

A) A&A Products bookkeeper correctly recorder one of its deposits for 800 altough the bank only recorede for 700

B)A&A Products has a petty cash fund of 500. Any withdrawls were replenished by June 30.

C) A&A Products had two certificates of deposit on June 30. The first was 20,000 six month CD with maturity date of Oct. 15 and the other was a 30,000 90-day CD with maturity date of Aug. 15.

D) A&A Products had 25 of stamps on hand

E) Included in the cash ledger balance was 1,100 of cash deposits recieved from customers. A&A Products had not yet delivered the goods to the customer as of June 30.

F) A&A Products had 5,000 set aside in a bond sinking fund. This amount was not included in the cash ledger balance.

G) On June 14 A&A products paid a refundable cash deposit of 800 to the rent a center truck corporation. The rental period was for 45 days. The cash ledger properly reflected the payment on June 14.

H) A&A Products recieved a check from one of their customers dated July 6, 2014 in the amount of 550. This amount was not included in the ledger balance

REQUIRED: Prepare a bank reconcillaition as of June 30

Reference no: EM13581780

Questions Cloud

Bates company issued 1000000 9-year bonds and agreed to : bates company issued 1000000 9-year bonds and agreed to make annual sinking fund deposits of 73800. the deposits are

Mason co issued 840000 of five-year 13 bonds with interest : mason co. issued 840000 of five-year 13 bonds with interest payable semiannually at a market effective interest rate of

Gruden company produces golf discs which it normally sells : gruden company produces golf discs which it normally sells to retailers for 6.95 each. the cost of manufacturing 22400

Manley company planned to sell 40000 units this year at : manley company planned to sell 40000 units this year at 6.00 per unit. actual results indicate that 42000 units were

Aampa products recieved a check from one of their customers : the following information was gathered from the books of aampa products in order to prepare its bank

Kolinchak company planned to purchase 16250 pounds of : kolinchak company planned to purchase 16250 pounds of material this year at 2.40 per lb. actual results indicate that

Describe a feature of a minority culture from which you : describe a feature of a minority culture from which you think mainstream american can learn

What suggestions do you have to measure the intangible : after listening to the board member list at least 5 elements you would consider critical for the decision support

Nimpix inc is a small company that creates : nimpix inc. is a small company that creates computer-generated animations for films and television. much of the

User Account

All Pages