User Account

All Pages

Make a bank reconciliation for reed company

Assignment Help Financial Accounting
Reference no: EM132993027

Question - From the following data, make a bank reconciliation for Reed Company as of 2010 October 31.

Balance per bank statement, 2010 October 31 $14,974.00

Ledger account balance 2010 October 31 $9,088.00

Proceeds of a note collected by bank not yet entered in ledger (includes $500 of interest) $5954.00

Bank service charges not yet entered by Reed Company $28.00

Deposit in transit $1,680.00

Outstanding checks:

No. 327 $700.00

No. 328 $288.00

No. 329 $400.00

No. 331 $252.00

Reference no: EM132993027

Questions Cloud

How much of the remaining liability should be paid : Jake and Sacha are general partners and Brianne is a limited partner. How much of the remaining $46,000 liability should be paid by each partner
List the health care funding methods used in canada : List the health care funding methods used in Canada. State the health care funding method used in your jurisdiction and describe the payroll implication
What job do you take : You know that you will stay at this job for 5 years minimum. You expect inflation (discount rate) to be around 3%. What job do you take
What are the projected total operating assets : Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets
Make a bank reconciliation for reed company : From the following data, make a bank reconciliation for Reed Company as of 2010 October 31. Ledger account balance 2010 October 31 $9,088.00
What effect will a decline in interest rates have : What effect will a decline in interest rates have on the firm's times-interest-earned ratio? What about the ratio of the market value of debt to that of equity
Difference between OpenIPO and a conventional IPO : What is the difference between OpenIPO and a conventional IPO? What are the benefits of having the former to the issuing firm and investors
What is the relevant initial investment cost : Considering that Apple has a debt-to-equity ratio of 0.22 and that It uses the flow-to-equity approach, what is the relevant initial investment cost
How much will Troy contribute : He has set up a savings plan wherein he will deposit $140.00 at the end of every three months for the next 15 years. How much will Troy contribute

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the future value of periodic payments

What is the future value of 15 periodic payments of $9,000 each made at the end of each period and compounded at 10%?

  Which the transaction would be

When a cash dividend payment is made, the transaction would be? A credit to the Dividend Expense account and a credit to the Cash account

  What is the effective annual cost of trade credit

Question - Pet Store Inc sells on terms of 3/20, net 35. What is the effective annual cost of trade credit under these terms? Use 365- day year

  Compute the ending inventory at may and cost of goods sold

Lily Co. uses a periodic inventory system. Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.

  How to circulate budgets are clear about budgets

How to circulate budgets and ensure managers and supervisors are clear about budgets, reporting requirements and financial delegations

  What should be the sales goal for that year

What should be the sales goal for that year? If the company with last year's sales of 3,359,169 has set a goal of increasing sales by 26%.

  Determine a foreign entity functional currency

Which is an additional question to be asked in determining whether a foreign entity's functional currency is the same as that of the reporting entity?

  Calculate the gross profit earned by shady dog music

Calculate the gross profit earned by Shady Dog Music during the month of August using each of the cost figures (FIFO, LIFO, and Average Cost) computed

  BAP32 Corporate Accounting Assignment

BAP32 Corporate Accounting Assignment Help and Solution, Universal Business School Sydney - Assessment Writing Service - Prepare the acquisition analysis

  Determine the inventory balance at december

Determine the inventory balance at December 31, 2004 and evaluate the inventory balance at Decmber 31, 2004, without the reduction for LIFO reserve?

  Assuming that in addition to the assurance warranty

On January 2, 2017, Grando Company sells production equipment to Fargo Inc. for $50,000. Grando includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2017. Repe..

  Prepare a material usage budget for tintel and pintel

SMMAR Limited manufactures and sells two products, Tintel and Pintel. The Company has determined that it will make 2,100 units of Tintel and 2,950 units of Pint

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

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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