Reference no: EM13935208
Hidetoshi Company maintains a checking account at the Imura Bank. At July 31, selected data from the ledger balance and the bank statement are shown below.
| |
Cash in Bank
|
| |
Per Books
|
Per Bank
|
|
Balance, July 1
|
$17,600
|
$16,800
|
|
July receipts
|
81,400
|
|
|
July credits
|
|
82,470
|
|
July disbursements
|
77,150
|
|
|
July debits
|
|
74,756
|
|
Balance, July 31
|
$21,850
|
$24,514
|
Analysis of the bank data reveals that the credits consist of $79,000 of July deposits and a credit memorandum of $3,470 for the collection of a $3,400 note plus interest revenue of $70. The July debits per bank consist of checks cleared $74,700 and a debit memorandum of $56 for printing additional company checks.
You also discover the following errors involving July checks: (1) A check for $230 to a creditor on account that cleared the bank in July was journalized and posted as $320. (2) A salary check to an employee for $255 was recorded by the bank for $155.
The June 30 bank reconciliation contained only two reconciling items: deposits in transit $7,000 and outstanding checks of $6,200.
Instructions
(a) Prepare a bank reconciliation at July 31, 2012.
(b) Journalize the adjusting entries to be made by Hidetoshi Company. Assume that interest on the note has not been accrued.
|
Create a second menu on the menu bar called the action menu
: Create an application that either sums or averages the rows or columns of a two-dimensional array depending on user choices.
|
|
Prepare a mass haul diagram for the works
: Prepare a Mass Haul diagram for the works and prepare a suitable earthworks plan for 3 of the main hauls - As a condition of the contract all available cut material must be used to make up fill embankments before bringing on site any external import..
|
|
Summaries of balance sheet and income statement data
: Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2014, Garba's Goods and Zahra Enterprises
|
|
Explain about how organisational effectiveness
: Describe about Work groups and teams and management and leadership and explain about how organisational effectiveness apply on them.
|
|
Prepare a bank reconciliation
: Prepare a bank reconciliation at July 31, 2012. Journalize the adjusting entries to be made by Hidetoshi Company. Assume that interest on the note has not been accrued
|
|
Explain how to reduce budgetary slack
: Discuss some of the advantages and disadvantages of using the operating budget as a control device. Prepare a budgeted income statement for 20X6. Explain how to reduce budgetary slack?
|
|
Diagrams for the use cases enter new order
: Develop sequence diagrams for the use cases Enter New Order, Create Case Manifest and Record Order Fulfillment . Update the design class diagram with attribute information and method signatures derived from the sequence diagrams.
|
|
Tubulin and microtubules toward formation of microtubules
: List three things you could do that would shift the dynamic equilibrium of an in vitro preparation of tubulin and microtubules toward the formation of microtubules. List three treatments that would shift the equilibrium in the opposite direction.
|
|
Procurement and warehousing in supply chains
: Literature review characterising the roles of Procurement and Warehousing in supply chains and main processes or activities that take place in the Procurement and Warehousing areas.
|