Evaluate the reconciled company balance for cash

Reference no: EM131520091

Question: Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($75), an NSF check from a customer ($250), a customer's note receivable collected by the bank ($1,100), and interest earned ($25).

Required: Calculate the reconciled company balance for cash.

Reference no: EM131520091

Questions Cloud

How the company could improve its internal control procedure : Janice Dodds opens the mail for Ajax Plumbing Company. She lists all customer checks on a spreadsheet that includes the name of the customer and the check.

Discuss monthly bank statement which damon company receives : Damon Company receives its monthly bank statement, which reports a balance of $1,750. After comparing this to the company's cash records.

How porter describes five tests of an excellent strategy : How Porter describes five tests of an excellent strategy? A unique value proposition, A different tailored value chain and Strategic continuity over time.

What is the balance of the account : If you open that account with an initial deposit of $2,150 and each month for now on you will save $338. What is the balance of the account after 14 years?

Evaluate the reconciled company balance for cash : Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of the company's cash records with the monthly bank statement.

Identify the country you have chosen to view : Identify the country you have chosen to view (e.g, the United States, Canada, England, or Russia). Briefly explain each of the 3 diseases

Calculate the reconciled company balance for cash : Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of the company's cash records with the monthly bank statement.

Prepare a bank reconciliation for the correct ending balance : Spielberg Company's general ledger shows a checking account balance of $22,870 on July 31, 2012. The July cash receipts of $1,785, included in the general.

Determine the moral status of the fetus : Which theory or theories are being used by Jessica, Marco, Maria, and Dr. Wilson to determine the moral status of the fetus? Explain

User Account

All Pages