Bank reconciliation for the month of march

Assignment Help Accounting Basics
Reference no: EM13765063

Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:

Balance per bank statement, 3/31/13 $18,000
NSF check returned with 3/31/13 bank statement 290
Deposits in transit, 3/31/13 3,000
Outstanding checks, 3/31/13 2,400
Bank service charges for March 20

What should be the adjusted cash balance at March 31, 2013? Please provide your solution below:

Reference no: EM13765063

Questions Cloud

Interest compounded monthly : Linda borrows $18,500 from the bank at 12% APR interest compounded monthly to be repaid in 36 equal monthly instalments. What is her monthly payment? What is the interest paid in the first month? What is the principal paid in the first month?
What is the future value of an annuity : What is the future value of an annuity where $3,000 is deposited every 6 months for 8 years, and earns interest at 12 percent compounded semi-annually?
Individual retirement account with maximum contribution : Mary plans to fund her individual retirement account (IRA) with the maximum contribution of $2,500 at the end of each year for the next 25 years. If Mary can earn 9 percent on her contributions, how much will she have at the end of the twenty-fifth y..
How are inflation and interest rates related : How are inflation and interest rates related? How does one affect the other? What is the "loanable funds" theory mean for all of this?
Bank reconciliation for the month of march : Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:
Civil rights act : Determine which class protected by Title VII of the Civil Rights Act of 1964 had the greatest impact on the workforce of the 20th century. Next, determine which class might have the greatest impact on the workforce of the 21st century. Support you..
What is the present value of an ordinary annuity : What is the present value of an ordinary annuity of $3,125 each year for nine years, assuming an opportunity cost of 13 percent?
Develop the marketing strategy section of their plan : Develop the marketing strategy section of their marketing plan.
Difference in annual inflation rates : Suppose the spot and three-month forward rates for the yen are 79.75 and 79.08, respectively. What would you estimate is the difference between the annual inflation rates of the United States and Japan? (Negative amount should be indicated by a minus..

Reviews

Write a Review

Accounting Basics Questions & Answers

  At october 1 2010 padilla industries had an accounts

at october 1 2010 padilla industries had an accounts payable balance of 30000. during the month the company made

  Discuss the key factors which generate a strong buy or sell

discuss the key factors that generate a strong buy or sell ranking and explain the primary ways in which an investment

  Miller corporation began operations on january 1 2014 with

miller corporation began operations on january 1 2014 with a beginning inventory of 10600 at cost and 14000 at retail.

  A company had inventory on november 1 of 5 units at a cost

1.given the following information determine the cost of ending inventory at december 31 using the fifo perpetual

  Cost-plus time and materials ethics r amp c mechanical

cost-plus time and materials ethics. r amp c mechanical sells and services plumbing heating and air conditioning

  Cost-volume-profit analysis is based on three basic

cost-volume-profit analysis is based on three basic assumptions. which of the following is not one of these

  Which of the following represents the largest number of

which of the following represents the largest number of common shares?a. treasury sharesb. issued sharesc.

  Youve studied a variety of debt instruments bonds are

youve studied a variety of debt instruments. bonds are unique in several significant ways and their differences impact

  Charley bob and al want to form a partnership charley

charley bob and al want to form a partnership. charley contributes 40000 in cash and 40000 in receivables bob

  You and a friend are in the same accounting class during

you and a friend are in the same accounting class. during the first test you observe that your friend cheated by

  Owns 80 percent of the voting stock of stanc

Paris, Inc. owns 80 percent of the voting stock of Stance, Inc. The excess total fair value over book value was $75,000. Stance holds 10 percent of the voting stock of Paris.

  Classifications of period costs

Generally, period costs are classified as either a. selling expenses or production expenses. b. administrative expense or production expenses. c. selling expenses or administrative expenses. d. general expenses or selling expenses.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd