Make a bank reconciliation for HIJ company

Assignment Help Accounting Basics
Reference no: EM132248485

Question - Use the following information to make a bank reconciliation for HIJ company:

Closing account balance 30/6/20xx $55,000.

Unpresented cheque total $13,000.

Balance shown on bank statement 30/6/20xx $68,000.

Reference no: EM132248485

Questions Cloud

How much was Baltimore net income : Baltimore Company experienced an increase in total assets of $13,500 during the current year. How much was Baltimore's net income
Calculate the economic value added : The following selected data pertain to Brannard Company's construction division for last year: Sales $2,085,000. Calculate the economic value added
Calculate the residual income : The following financial data are for the evaluation of performance for Far North Logging: Average operating assets $867,000. Calculate the Residual Income
Determine the amount of retained earnings : As of December 31, 2016, Moss Company had total cash of $195,000, Determine the amount of retained earnings as of December 31, 2016
Make a bank reconciliation for HIJ company : Use the following information to make a bank reconciliation for HIJ company: Closing account balance 30/6/20xx $55,000
Perform the calculation to achieve the total amount of loan : Perform the calculation to achieve the total amount of the loan over the five years. What is the annual repayment amount
Calculate the Fixed overhead during May : During May, 6,000 units were produced and the fixed overhead budget variance was $2,000 favorable. Fixed overhead during May was
Develop plan that will address an identified training : MGMT0202 - University of Manitoba - Develop a training plan that will address an identified training need for a group of employees within an organization
Write procedure documentation for the monthly reconciliation : Cash per the unadjusted trial balance is $12,675. Write the procedure documentation for the monthly bank reconciliation process in a professional manner

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the minimum selling price newport should negotiate

Newport Manufacturing makes and sells backyard fire pits. What is the minimum selling price Newport should negotiate for the special order

  Prepare the statement of retained earning

Prepare the 2011 Statement of Retained Earning as it would appear in the comparative 2011- 2012 financial statements

  Determining the investment in stock

On August 15, 2014, Cubs Corp. purchases 5,000 shares of common stock in Sox Inc. at a market price of $15 per share. In addition, Cubs pays brokerage fees of $1,000. On October 20, 2014, Cubs sells the Sox stock for $10 per share.

  Net annual cash flows for the commuter service

Determine the annual (1) net income and (2) net annual cash flows for the commuter service. Compute (1) the cash payback period and (2) the annual rate of return.

  Calculate the change in contribution margin to each

word wizard is a publishing company with a number of different book lines. each line has contracts with a number of

  What dollar amount should be deducted from the balance

You are doing a bank reconciliation for May, 2010. What dollar amount should be deducted from the balance per bank statement

  What are the three major categories of evidence

You have been assigned to the Emerel Company embezzlement case by the owner of your CPA firm. The president of Emerel Company has told you that Susan Smith.

  Explain the unemployment rate and inflation rate

Explain the unemployment rate and inflation rate for your local area and compare it to the national average

  What is interlock accounting system

What is interlock accounting system? What is integrated accounting system. How Do they work. What's the difference.

  What kinds of duties should be segregated in it systems

What kinds of duties should be segregated in IT systems?

  The palos company expects sales for june july and august of

the palos company expects sales for june july and august of 48000 54000 and 44000 respectively. experience suggests

  What effect did the expansion on sales

Show what effect did the expansion have on sales, net operating working capital, capital, net operating profit, and net income?

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