Prepare a bank reconciliation as of may

Assignment Help Accounting Basics
Reference no: EM131779194

Question - Jansen Company's general ledger showed a checking account balance of $23,820 at the end of May 2011. The May 31 cash receipts of $2,340, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1. The bank statement dated May 31, 2011, showed bank service charges of $38. All checks written by the company had been processed by the ank by May 31 and were listed on the bank statement except for checks totaling $1,890.0

Prepare a bank reconciliation as of May 31, 2011.

Reference no: EM131779194

Questions Cloud

Jobs has exponential distribution : A TV repairman finds that the time spent on his jobs has an exponential distribution with mean 30 minutes.
Which restaurant owner is making the highest income : Which restaurant owner is making the highest income? Use only the information in the question.
Discuss what gain or loss did the company experience : The title and attorney fees totaled $2400. The clinic had the land graded for $7400. What amount does Marin Inc. record as the cost for the land
What are the pros and cons of providing an annual cost : What are the pros and cons of providing an annual cost-of-living adjustment to employees?
Prepare a bank reconciliation as of may : Jansen Company's general ledger showed a checking account balance of $23,820 at the end of May 2011. Prepare a bank reconciliation as of May 31, 2011
Complexity of 21st-century international trade : Reflect on one lesson you have learned from this course that opened your eyes to the complexity of 21st-century international trade.
What positions are the various participants taking : What positions are the various participants taking? What are the ethical and social consequences of those positions? Who wins? Who loses?
Describe how you might handle the situation differently : Locate a news article that depicts an ethical dilemma in the workplace.Summarize the article and situation.
Determine the amount of accounts receivable : Johnson Company uses the allowance method to account for uncollectible accounts receivable. Determine the amount of accounts receivable writted off during 2011

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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