Compute the adjusted cash balance per the bank records

Assignment Help Accounting Basics
Reference no: EM132104297

Question - Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $28,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following:

Deposit in transit 3,450

Outstanding checks 1,377

Additionally, a $47 check written and recorded by the company correctly was recorded by the bank as a $74 deduction.

Compute the adjusted cash balance per the bank records?

Reference no: EM132104297

Questions Cloud

What type of search engine did you use : What makes you confident that this RFP is worth pursuing? How did you evaluate the RFPs? What type of search engine did you use?
How to effectively network within the healthcare sector : Write a 350 word article about how to effectively network within the healthcare sector in which you work.(Pharmaceutical Industry- Pharmacy Sales)
How large the clinic will be and its location : Determine what salary and staffing needs may be, based on your decision about how large the clinic will be and it's location.
Breakthrough improvement places high value : Breakthrough improvement places a high value on creative solutions. It encourages free thinking and individualism.
Compute the adjusted cash balance per the bank records : Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Compute the adjusted cash balance per bank records
Write definition of the term social responsibility : Write a definition of the term “social responsibility” drawing upon several sources.
Should capital punishment continue : Should capital punishment continue? Why or why not? Support your opinion with research/chapter material. Watch the clip on McNeil Island.
Summarize the salient points of the supreme court case : Discuss the levels of the court through which the case evolved before it reached the Supreme Court.
How the information might apply to you or to a client : Discuss your understanding of neurotransmitters as discussed in this week's readings. How do they work in relation to neurons including their function.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine total dividends and the per-share dividends

Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Th..

  Indirect service in global transportation

Describe how direct service differs from indirect service in global transportation and when it is advantageous to use each type. Provide examples.

  Prepare the journal entries needed on the books of bismarck

on july 31 2012 bismarck company engaged duval tooling company to construct a special-purpose piece of factory

  Carlock recognizes income when it collects cash

Carlock recognizes income when it collects cash from the buyer's installment payments

  Calculate the amount of the accumulated earnings tax

Grevilla Gerporation is a manufacturing company. The corporation has accumulated earnings of $950,000, and it can establish reasonable needs for $400,000 of that amount. Calculate the amount of the accumulated earnings tax (if any) that Grevilla C..

  Assess hfcs balance sheet as well as any comments in its

what are any or all of the answers to these questionsuse heritage financial corporation hfc 2012 annual report to

  Compute an estimate of the ending balance of accounts

Compute an estimate of the ending balance of accounts receivable from customers

  Using the activity-based product costs as the standard

ramsey company produces speakers model a and model b. both products pass through two producing departments. model as

  Year end accounts receivable

An auditor noted that client sales increased 10 percent for the year. At the same time, Cost of Goods Sold as a percentage of sales had decreased from 45 percent to 40 percent and year-end accounts receivable.

  Prepare the consolidation entries as required

Avon Co., a wholly owned subsidiary of Wilson Corp., sold goods to Wilson near the end of 2013. Prepare the Consolidation Entries TI, G and *G as required

  A companys international division had sales of 20 billion

a companys international division had sales of 20 billion net income of 1.5 billion and average invested assets of 2

  Discuss who has prepared the return without compensation

Assume that you are Friendly Frank, Helpless' neighbor, who has prepared the return without compensation

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