Q the cash account for santiago co on 31st may 2009

Assignment Help Financial Accounting

Reference no: EM13370359

Q The cash account for Santiago Co. on 31st May, 2009 indicated a balance of $15,515.00. The March bank statement shown an ending balance of $20,245.00. Comparing bank statement, the canceled checks, and the accompanying memos with the records revealed the subsequent reconciling items:

a. Checks outstanding totaled $4,820.00

b. A deposit of $3,796.00 had been made too late to appear on bank statement.

c. A check for $1,233.00 returned with statement had been incorrectly recorded as $233.00. The check was initially credited to accounts payable.

d. The bank collected $5,541.00 on a note left for collection.

e. Bank service charges for May amounted to $45.00.

f. A check for $790.00 was returned by bank because of insufficient funds.

Compute the adjusted balance as of 31st May, 2009. Journalize the required entries.

Reference no: EM13370359

Questions Cloud

The four seasons resort community is an stylish thriving : the four seasons resort community is an stylish thriving four-season resort and a community of over 1200 single family

Brian bradley a schedule year taxpayer purchased 1000 : brian bradley a schedule year taxpayer purchased 1000 shares of newton corp. on 23rd october 2011 for 15000. he sold

Marsha moore gave assets with an adjusted basis of 28000 to : marsha moore gave assets with an adjusted basis of 28000 to alfred when the fair market value of the property was

The subsequent costs results from the production and sale : the subsequent costs results from the production and sale of 4000 drum sets manufactured by vince drum corporation for

Q the cash account for santiago co on 31st may 2009 : q the cash account for santiago co. on 31st may 2009 indicated a balance of 15515.00. the march bank statement shown an

Requirement 1for material glass cost suppose the average : requirement 1for material glass cost suppose the average cost per pound is based on table cost per batch divided by the

Companys annual report for its 2008 fiscal yearthen answer : companys annual report for its 2008 fiscal year.then answer the following questionsexplain and evaluate the companys

A citys enterprise fund issued revenue bonds with a face : a citys enterprise fund issued revenue bonds with a face value of 10000000. the bonds were issued with a 2 percent

Question 1scores are obtained from law school admission : question 1scores are obtained from law school admission test are normally distributed with a mean score of 550 and a

User Account

All Pages