User Account

All Pages

Prepare bank reconciliation and the required journal entries

Assignment Help Accounting Basics
Reference no: EM132800224

Question - The following data have been gathered for Rocky Candi Corporation for the month ended September 30, 2019.

The bank statement has a balance of $8,936.

The September 30, 2019, book balance was $3,200.

There was an EFT deposit of $1,800 on the bank statement for the monthly rent from a tenant.

The bookkeeper had erroneously recorded a $50 cheque as $500. The cheque was to settle an account payable.

The bank statement revealed $50 in service charges.

Cheques #322 and #330 for $260 and $285 were not returned with the bank statement.

A deposit made on September 29, 2019, for $1,250 did not appear on the bank statement.

A deposit of $500 made on September 10 was erroneously credited to Rocky Candi's account by the bank for $5,000.

A bank debit memo indicated an NSF cheque for $259.

Instructions - Base on the above information, prepare bank reconciliation and the required journal entries.

Reference no: EM132800224

Questions Cloud

Evaluate a negative personal health behavior or activity : Evaluate a negative personal health behavior or activity. Examine ways to change the behavior based on information you learned in this class.
Determine the enthalpy of combustion : Could you please anlyze this and explain more and give an example base on this paragraph:
Examine your colleges plan for soliciting major gifts : For this question, examine your college's plan (Albany State GA) for soliciting major gifts from potential donors through programs like planned giving.
Determining the expected value of absorbance : If you had a dye with a molecular weight of 574.76 amu which had a molar absorptivity of 82,000 at 550 nm, what would be the expected value of absorbance
Prepare bank reconciliation and the required journal entries : A bank debit memo indicated an NSF cheque for $259. Prepare bank reconciliation and the required journal entries
Complete balanced chemical equation for reaction : As an example, write the complete balanced chemical equation for the reaction of lead(II) acetate and sodium silicate solutions.
Evaluate the effectiveness of the efforts : For this question, research your institution's(Albany state University GA) annual giving fundraising efforts and complete the following: Evaluate the.
Determine the current view of structure of the atom : Complete a paragraph of the historical experiment by R.A. Millikan that led to the current view of structure of the atom as we know it today.
Discuss a strength that you have observed in a leader : Discuss a strength that you have observed in a leader who is/was able to help teachers identify and discuss the vision and direction in which an early.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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