Find the correct adjusted ending cash balance

Assignment Help Accounting Basics
Reference no: EM132482936

Question - Annapolis Company's bank statement indicated an ending cash balance of $8,140. Alpha's accountant discovered that outstanding checks amounted to $565 and deposits in transit were $1,000. Additionally, the bank statement showed service charges of $35. Find the correct adjusted ending cash balance?

Reference no: EM132482936

Questions Cloud

Find a price history of two assets : Find a price history of two assets (these can be stocks, bonds, commodity futures or any other securities) and calculate correlations between them
How much interest will be paid over the eight-year period : How much interest is payable each year on a loan of $2000 if the interest rate is 10% per year when of the loan principal will be repaid as a lump sum
What was the company days outstanding in inventory : Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 8.6. What was the company's Days Outstanding in Inventory
Compute the net interest expense to be reported : Compute the net interest expense to be reported for this note and related swap transaction as of December 31, 2018. Compute net interest expense to be reported
Find the correct adjusted ending cash balance : Annapolis Company's bank statement indicated an ending cash balance of $8,140. Find the correct adjusted ending cash balance
Concepts of wealth from the islamic : Given the glaring differences between the concepts of wealth from the Islamic, capitalism and socialism perspectives
How much did grant borrow : How much did Grant borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.)
Determine how many years would take : If John consistently makes $1200 deposit into his savings account every year, Determine how many years would it take for $1,000,000?
How much is net income : Alpha Company provided the following data concerning its income statement: sales, $1,040,000; purchases, $380,000; How much is net income

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the business to give to friends as birthday presents

the proprietor of a retail bookshop has taken four books from the business to give to friends as birthday presents

  Evidence reflect the facts about family diversity

• How well or poorly does your evidence reflect the facts about family diversity that you have learned in the course? Can your evidence be taken as an accurate depiction of the phenomena it portrays? Making reference to course material, explain wh..

  Assume that the actual level of activity in 2012 was 30000

nbspfor years daytona parts company has used an actual plantwide overhead rate and based its prices on cost plus a

  What is the journal entry made on may

On 1 May 2016, Raspberry Ltd pays $480 for a one-year fire insurance policy that expires on 30 April 2017, What is the journal entry made on 1 May 2016

  The companys equipment all of which was purchased on june 1

the companys equipment all of which was purchased on june 1 cost 95000 with an estimated residual or salvage value of

  Auditor understanding of the client internal controls

As part of an auditor's understanding of the client's internal controls governing their financial statements, an auditor is not obligated to determine whether the controls have been implemented. True/False? Why?

  Over the years mclaughlin corporations stockholders have

over the years mclaughlin corporations stockholders have provided 35000000 of capital when they purchased new issues

  Advantage of hydroelectric power generation

Question 1: One advantage of hydroelectric power generation is:

  What amount should Johannesburg credit to Common Shares

In applying the book value method, what amount should Johannesburg credit to Common Shares as a result of this conversion

  Define the foreign exchange rate between two currencies

Define the foreign exchange rate between two currencies. Explain its effects on business transactions conducted in a foreign currency

  Showing the computation of net cash flows

Using this information, prepare a partial statement of cash flows for the year ended December 31, 2011, showing the computation of net cash flows

  What are the net proceeds to the firm

Raybac is about to go public. Its present stockholders own 450,000 shares. The new public issue will represent 830,000. What are the net proceeds to the firm?

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