Solution-Prepare palmetto january bank reconciliation

Prepare palmetto january bank reconciliation

Assignment Help Cost Accounting

Reference no: EM13540035

Bank reconciliation and entries. The following information was taken from the accounting records of Palmetto Company for the month of January:

Balance per bank	$6,150
Balance per company records	3,580
Bank service charge for January	20
Deposits in transit	940
Interest on note collected by bank	100
Note collected by bank	1,000
NSF check returned by the bank with the bank statement	650
Outstanding checks	3,080

Instructions:

a. Prepare Palmetto's January bank reconciliation.

b. Prepare any necessary journal entries for Palmetto

Reference no: EM13540035

Questions Cloud

Find the initial speed of the truck : A 1000 kg car moving at 30 m/s due north collides completely elastically with a 1250 kg truck heading 45 degrees north of east. Find the initial speed of the truck

What is the volume of that gas in cubic meters : 1 mole on an ideal gas is at a pressure of 10 atm and a temperature of 30C. What is the volume of that gas in cubic meters

Calculate the electric field at the center o of the sphere : total electric charges q are distributed uniformly onver the half spherical shell. Calculate the electric field at the center o of the sphere

Basic journal entries : Prepare journal entries and explanations to record the preceding transactions and events - Basic Journal Entries

Prepare palmetto january bank reconciliation : Prepare Palmetto January bank reconciliation and prepare any necessary journal entries for Palmetto

Determine the average power generated by the net force : A 1.10x10 kg car starts from rest and accelerates for 5.00s. The magnitude of the acceleration is a = 4.60 m/s . Determine the average power generated by the net force

In explaining the 2003 bill to cut taxes : 3. In explaining the 2003 bill to cut taxes, President Bush is quoted as saying, "When people have more money, they can spend it on goods and services."

Representation of a compound microscope : The figure below shows a thin-lens representation of a compound microscope (not to scale). The objective produces a real image I of object O just inside the focal point F1 of the eyepiece. Image I then acts as an object for the eyepiece, which pro..

Evaluate the focal length of contact lenses : Find the focal length of contact lenses that would allow a nearsighted person with a 145 cm far point to focus on the stars at night

User Account

All Pages

Prepare palmetto january bank reconciliation

Reference no: EM13540035

Reference no: EM13540035

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT