User Account

All Pages

Prepare required adjusting journal entries for Sun Company

Assignment Help Accounting Basics
Reference no: EM132751598

Question - Prepare bank reconciliation and required adjusting journal entries for Sun Company for Oct 31, 2020 using the following information:

The balance on the Oct 31, 2020 bank statement is $42,229.

The balance on the cash account in the book on Oct 31, 2020 is $35,344.

The accountant mistakenly recorded a $384 cash receipt as $224.

The bank mistakenly recorded a deposit of $4,100 made by a different company into Sun Company's account on Oct 20, 2020.

The bank statement indicated bank service charges of $54 for Oct 31, 2020.

Outstanding cheques as of Oct 31, 2020, amount to $3,894.

Deposits in transit as of Oct 31 2020, amount to $1150.

Bank charged $65 for an NSF cheque.

Reference no: EM132751598

Questions Cloud

What is the cc in the case studies : What is the CC in the case studies? What are important questions to ask the patients to formulate the history of present illness and what did the patients tell.
How much of these funds may Jimmy withdraw tax-free : Assume that Jimmy meets the income limitation at the time of the contributions. How much of these funds may Jimmy withdraw tax-free
Differences between two parties in ongoing negotiation : This section will focus on identifying the power differences between the two parties in the ongoing negotiation. In the situation between Nikki and Michelle
Identify the four research databases : Identify the four research databases that you used to conduct your search for the peer-reviewed articles you selected. Provide APA citations of the four.
Prepare required adjusting journal entries for Sun Company : Prepare bank reconciliation and required adjusting journal entries for Sun Company for Oct 31, 2020 using the following information
Compare vulnerable populations : Compare vulnerable populations. Explain why the population is designated as "vulnerable." Include the number of individuals belonging to this group and the.
Advanced laser clinics : Ethics plays an important role in all aspects of negotiation and conflict resolution.
ICT 370 Data Analytics Assignment : ICT 370 Data Analytics Assignment Help and Solution, King’s Own Institute - Assessment Writing Service - Justify choices for data design in big data context
Explain what you find different among each of the guidelines : Explain what you find different among each of the guidelines. Explain what changes you might make to the guidelines for a person who refers to themselves with.

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