Construct the bank reconciliation for evitus company

Assignment Help Financial Accounting
Reference no: EM132905619

Problem 1: Construct the bank reconciliation for Evitus Company as of July 31, 2022 from the following information:

a. Balance per bank statement $10,150

b. Deposit in transit 705

c. General Ledger balance 10,250

d. Outstanding cheques 800

e. NSF cheque (debit memo) 220

f. Service charges 115

g. Interest earned on account 140

Reference no: EM132905619

Questions Cloud

What would happen to average receivables : What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 45th day
Explain the shape of the marginal cost curve : Explain the shape of the marginal cost (MC) curve and how it relates to the average total cost curve and average variable cost curve.
Telecomm network security : Who is ultimately responsible for the security of information in an organization? What are the disadvantages of using a VPN instead of a leased line?
What is the average accounts payable for APP : APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP
Construct the bank reconciliation for evitus company : Construct the bank reconciliation for Evitus Company as of July 31, 2022. Balance per bank statement $10,150. General Ledger balance 10,250.
What is the retailer effective cost of trade credit : A large retailer obtains merchandise under the credit terms of 1/15, net 45, but routinely takes 60 days to pay its bills. What is the retailer effective cost
What the inventory balance under fifo perpetual is : What the inventory balance under FIFO perpetual is? What the cost of sales under the Weighted-Average cost flow assumption is?
What is the firm investment in accounts receivable : Cash Conversion Cycle - If annual sales are $4,380,000 and all sales are on credit, what is the firm's investment in accounts receivable
The ceo of the startup company-overview of supply chain : A high-level overview of the supply chain. How the supply chain will help the company succeed and correct the operational issues.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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