User Account

All Pages

Prepare a bank reconciliation

Assignment Help Accounting Basics
Reference no: EM132467062

The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:

Cash balance according to the company's records at July 31                                           $26,840.
Cash balance according to the bank statement at July 31,                                              $28,240.
Checks outstanding,                                                                                                  $5,450.
Deposit in transit, not recorded by bank,                                                                       $4,370.
A check for $590 in payment of an account was erroneously recorded in the check register as $950.
Bank debit memo for service charges,                                                                              $40.

Question a. Prepare a bank reconciliation

Reference no: EM132467062

Questions Cloud

Analyzing for-profit or nonprofit organizations : Explain the benefits and drawbacks of net present value, payback period, and internal rate of return, and describe whether the method is more beneficial
What are the steps to present a new business idea : What are the steps to present a new business idea report to get support from management?
Discuss BIAs strategy as a Full-Service Investment : Why is the investment advisory role promising? What are the downsides of this option? Would the company's venture-capital investors be in favor of sticking
What will the difference in payments be from year : Ben and Marge are purchasing a house with a 20-year, 5/1 ARM for $265,000 at 5.25% with a 3/12 cap structure. What will the difference in payments be from year
Prepare a bank reconciliation : Prepare a bank reconciliation for data were accumulated for use in reconciling the bank account of Mathers Co. for July,Bank debit memo for service charges
Effect of balance of payment on the exchange rate : You need to justify your prediction clearly using academic theories (i.e. international parities; the effect of balance of payment on the exchange rate, etc.)
Topic - Group Work is often carried out in the classroom : TESOL Assignment - Topic - Pair or Group Work is often carried out in the classroom. Discuss the usefulness of pair or group work activities
Effect of balance of payment on the exchange rate : You need to justify your prediction clearly using academic theories (i.e. international parities; the effect of balance of payment on the exchange rate, etc.)
What is assessment of public company : What is your assessment of Public's company, its performance, its strengths, target audience, and it positioning?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate target cost for maintaining current market share

Calculate the target cost for maintaining current market share and profitability. Can the target cost be achieved? How?

  Compute the balance of Maxwell Capital account

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $88,000. Compute the balance of Maxwell Capital account

  Record and post the closing entries

Prepare a multi step income statement, a statement of changes in stockholders equity, a balance sheet, and a statement of cash flows.

  What is morris ordinary net income

Morris Partnership had the following items in the current year: Operating expenses 125,000. What is Morris's ordinary net income

  Determine the costs per equivalent unit for may round your

kalox inc. manufactures an antacid product that passes through two departments. data for may for the first department

  Charges for lab tests are consistently higher at valley

charges for lab tests are consistently higher at valley view than at other hospitals and have resulted in many

  What is the finance charge for the cycle

Marys credit card account interest is charged on the average daily balance. What is the finance charge for the cycle

  Describe a particular company application

Research in Activity-Based Costing or Activity-Based Management Select an article from Strategic Finance, Cost Management , or Management Accounting Quarterly.

  Prepare t-accounts for cashbalance of 20000 short-term

during the fourth quarter of 20x6 cablevision inc. generated excess cash which the company invested in securities as

  Dec 31 2010 600000 shares of cs issued and outstanding

dec. 31 2010 600000 shares of cs issued and outstanding. issued a 10 stock on dividend on july 1 2011 on oct.12011

  Tigor enterprises has sales revenue of 340000 for 20xx its

tigor enterprises has sales revenue of 340000 for 20xx. its product sells for 12 and has a 20 percent contribution

  Find how many units of each model must the company sell

If the company has fixed costs of $250,920, how many units of each model must the company sell in order to break even

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