Prepare bank reconciliation for rawlins company

Assignment Help Accounting Basics

Reference no: EM13824921

Question-

The following information pertains to the bank transactions of Rawlins Company:

a. Cash on the books as of April 30 was $499. Cash as shown on the bank statement for the same date was $1,330.

b. A deposit of $160, representing cash receipts as of April 30, did not appear on the bank statement.

c. Outstanding checks totaled $240.

d. Bank service charges for April amounted to $9

e. The bank collected for Rawlins Company $840 (which includes $40 interest) on a note left for collection.

f. An NSF check for $80 from a customer, Joe Beck, was returned with the statement.

Required:

1. Prepare bank reconciliation for Rawlins Company as of April 30.

2. State the amount of cash that would appear on the balance sheet as of April 30.

Additional information-

This question belongs to Accounting and Prepare bank reconciliation for Rawlins Company as of April 30.

Word limit- 80.

Reference no: EM13824921

Questions Cloud

Case study analysis: ups supply chain solutions : Case Study Analysis: UPS Supply Chain Solutions

How shareholders can obtain information from company again : How might disgruntled shareholders gather information about a company, and seek answers from the company, against the company's will?

Calculate cost of goods sold on an average-cost basis : Assuming a perpetual inventory system is used, use the following information to calculate cost of goods sold on an average-cost basis

Situation with a single person company : A company can normally either use the replaceable rules and/or construct a constitution. However, what is the situation with a single person company?

Prepare bank reconciliation for rawlins company : Prepare bank reconciliation for Rawlins Company as of April 30. State the amount of cash that would appear on the balance sheet as of April 30

What is the amount and character of parents loss : Parent corporation owned 85% of the common stock and 100% of the preferred stock in subsidiary A. What is the amount and character of Parent's loss?

Evaluate the organizations purpose and goals : Evaluate the organization's purpose and goals is the business non-profit or does it sell widgets. It is recommended that you create a list of what the company does.

Right of director of company to issue debentures to lenders : Gerry, a director of a proprietary company has authorized the issue of $300,000 worth of debentures to 5 different lenders. Is he permitted to do this? Explain.

Variety of interest groups : Directors need to consider a variety of interest groups who are affected by their decisions, including some outsiders to the company. Which outsiders may have rights against a company?

User Account

All Pages