Solution-How is the presented in the bank reconciliation

How is the presented in the bank reconciliation

Assignment Help Financial Accounting

Reference no: EM132481428

The following information is associated with Z Company as at 31 December xxxx

Accounts Receivable $400

Balance per bank $1,882

Loans Payable (Bank) $68

Balance per books $932

Inventory $350

Bank Service charge $62

Money deposited but not yet credited by the bank: $53 $75 $88

Check withdrawn but not yet encashed: $480 $350 $398

Question 1: Using the information given above, how is this presented in the bank reconciliation?

Reference no: EM132481428

Questions Cloud

Potential financial risks of avoiding taxes illegally : 1. What are the potential financial risks of avoiding taxes illegally?

Prepare journal entries for the following transactions : Prepare journal entries for the following transactions. The company purchased a fixed asset for $9,000, paying $3,000 cash as a deposit

Original equipment manufacturer : The Original Equipment Manufacturer (OEM) Market. The OEM market consists primarily of the large automotive companies that buy tires for new cars.

Prepare a report of the survey : Select a survey from the selected surveys in the model, the survey has to be related to one of our leadership theories that we learned in class

How is the presented in the bank reconciliation : Using the information given above, how is this presented in the bank reconciliation? The information is associated with Z Company as at 31 December xxx

What will be optimal upper cash limit : Stan's Sandals would like to maintain their cash account at a minimum level of $55,000, but expect the standard deviation in net daily cash flows to be $4,500

What is the npv of an equipment purchase costing : What is the NPV of an equipment purchase costing $7,000 up front, that is expected to generate $3,000 in cash flows per year for the four years following

What is the value of big investment in klein account at year : How much is Big's unrealized after tax profit from sales to Klein during 2019? What is the value of BIg's investment in Klein account at year end 2019?

Find current pe ratio : The cost of equity for Ider is 16%, whereas its dividend yield is 4%. The price per share of Ider is $40. Find its dividend payout ratio. Find its current P/E

Reviews

Write a Review

Required(*) Message

Financial Accounting Questions & Answers

Several policies be followed that are conservative in nature

The treasurer of Landowska Co. has heard that conservatism is a doctrine that is followed in accounting and, therefore, proposes that several policies be followed that are conservative in nature. State your opinion with respect to each of the policie..

Operating profit-adjusted for capitalized operating leases

Apex Industries expects to earn $25 million in operating profit next year. The company pays an operating tax rate of 30 percent. If the value of leased asset is $125 and the cost of debt is 10 percent, what is the approximate after-tax operating prof..

Explain standard deviation and how it is used in business

Explain the standard deviation and how it is used in business. Illustrate your explanation by examples and application in some industries

What is the amount of minimum lease payment

If A. ltd Co. entered into a contract with Pakistan leasing company to acquire the asset with down payment of Rs. 30,000, semi-annually payment of Rs. 50,000 and the lease term is 2 years. Then what is the amount of Minimum Lease Payment with respe..

Reporting classifications for statement of cash flows

Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Investing Cash outflow Acquisition of equipment by issuing bonds payable. Noncash financing and investing activit..

What are howards income recognition issues

Howard buys wrecked cars and stores them on his property. Recently, he purchased a 1990 Ford Taurus for $400. - What are Howard's income recognition issues?

Calculate the estimated ending inventory

Dollar-Value LIFO retail - On January 1, 2011, The Granma Hat Company adopted the dollar-value LIFO retail method.

Pension expense for defined benefit pension plan

Why is interest cost a component of pension expense for a defined benefit pension plan?

Passes through two processes-mixing and molding

Ralph, Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applies to materials and conversion costs). Calculate the..

More importantly to be able to interpret the results

The Z Score is an important tool for the analyst to use. It is very important to be able to first calculate the score, but even more importantly to be able to interpret the results. For instance, in the text we are given the guideline of 2.675 as bei..

Budgeted total cost of direct materials purchases

Riblet, Inc. determines that 54,000 pounds of direct materials are needed for production in May. There are 3,200 pounds of direct materials on hand at May 1 and the desired ending inventory is 2,800 pounds. If the cost per unit of direct materials is..

Does mitchell have a dominant strategy

The threat is not credible, what changes in the, payoff matrix wduld be necessary to make the threat credible? What business strategies could Mitchell use to alter the payoff matrix

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!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd