Determine the adjusted cash balance per bank

Assignment Help Accounting Basics
Reference no: EM13258661

At August 31 Jones Company has this bank information: cashbalance per bank $6,950; outstanding checks $762; deposits intransit $1,700; and a bank service charge $20. Determine theadjusted cash balance per bank at August 31, 2005.

Reference no: EM13258661

Questions Cloud

What is the expected return on rkp : The risk-free rate of return is currently 0.04, whereas the market risk premium is 0.05. If the beta of RKP, Inc., stock is 1.8, then what is the expected return on RKP?
Give a brief explanation of the concept of priority encoder : Give a brief explanation of the concept of a priority encoder. Using this, what would be the binary output for a 10-input priority encoder when inputs 7 and 5 are activated What is the binary output (active-high) Active-low
Find the strength of the resulting magnetic field : A 33.1-A current flows in a long straight wire. Find the strength of the resulting magnetic field at a distance of 65.7 cm from the wire
What is the expected return on m simon inc : The beta of M Simon Inc., stock is 1.3, whereas the risk-free rate of return is 0.06. If the expected return on the market is 0.13 percent, then what is the expected return on M Simon Inc?
Determine the adjusted cash balance per bank : cashbalance per bank $6,950; outstanding checks $762; deposits intransit $1,700; and a bank service charge $20. Determine theadjusted cash balance per bank at August 31, 2005.
Explain the reaction is cocl2(g) co(g) : Predict the direction of the reaction when chlorine gas is added to an equilibrium mixture of COCL2, CO, and CL2. The reaction is COCL2(g) CO(g) + Cl2 (g)
What will be the beat frequency heard : Two violin strings are tuned to the same frequency, 294Hz, What will be the beat frequency heard when the two strings are played together
What is the dollar amount of dividends : Bobby purchased a stock one year ago for $25. The stock is now worth $30, and the total return to Bobby for owning the stock was 0.37. What is the dollar amount of dividends that he received for owning the stock during the year?
Credit memorandum for a short-term note : Accompanying the bank statement was a credit memorandum for a short-term note collected by the bank for the customer.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Evaluate the equivalent units of production

Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.

  Inventoriable cost per unit by using variable costing

Marie's Decorating produces and sells a mantel clock for $100 per unit. In 20X5, 100,000 clocks were produced and 80,000 were sold. Other information for the year includes: What is the inventoriable cost per unit using variable costing?

  What do you think is the more accurate basis of accounting

What do you think is the more accurate basis of accounting?

  Issued additional shares of stock

Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee.

  Estimate gain and net reduction in retained earnings

On that date, when the market price of Hunter was $14 per share, there were 90,000 shares of Pierson outstanding. What gain and net reduction in retained earnings would result from this property dividend?

  Alternative ways of recording sales tax

In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. Prepare the entries to record the sales transactions and related taxes for (a) Grainger Company and (b) Darby Company.

  Maximum amount of distribution which is treated as dividend

Swan a calendar year corporation has a deficit in current E & P of 200,000 and a %580,000 positive balance in accumulated E&P. If Swan determines that a $1 million distribution to its shareholders is appropriate at some point during the year, what..

  Problem regarding to gross income

Carin, a widow, elected to receive the proceeds of a $100,000 life insurance policy on the life of her deceased husband in 10 installments of $15,000 each. Her husband had paid premiums of $75,000 on the policy. In the first year, Carin collected ..

  Prepare the sales budget fro january and february

Hilltop sells its rock climbing shoes worldwide. Hilltop expects to sell 4000 pairs of shoes for $165 each in January and 2,000 pairs of shoes for $220 each in February. All sales are cash only. Prepare the sales budget fro January and February. S..

  Australian stock exchange

Calculate annual returns for each of the last five (5) years for a company of your choice listed on the Australian Stock Exchange and compare these returns to the Australian market during the same period.

  Which scheme does not inflate sales

Which scheme does not inflate sales? A) Recognizing sales on disputed claims against customers. B) Recognizing sales without shipping the goods. C) Understanding allowances for sales discounts. D) Recognizing full sales amount for partial shipments.

  Calculates actual after tax real rate of return

An individual actually earned a 4% nominal return last year. Prices went up by 3% over the year. Given that the investment income was subject to a federal tax rate of 28% and a state, and local tax rate of 6%

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