Record in general journal format the adjusting entries

Assignment Help Accounting Basics
Reference no: EM133154350

Question - As of June 30, Year 1, the bank statement showed an ending balance of $17,415. The unadjusted Cash account balance was $16,058. The following information is available:

1. Deposit in transit: $2,515.

2. Credit memo in bank statement for interest earned in June: $22.

3. Outstanding check: $3,861.

4. Debit memo for service charge: $11.

Required - Record in general journal format the adjusting entries necessary to correct the unadjusted book balance.

Reference no: EM133154350

Questions Cloud

What would its cost of equity be : The average debt-to-value ratio for the credit services industry is 15.2%. What would it's cost of equity be if it took on the average amount of debt
Different portals of entry for pathogen to enter the body : What are the different portals of entry for a pathogen to enter the body? Discuss the five (5) different classes of vaccines used in active immunity.
Record harrison pension expense : Record Harrison's pension expense in each of the above independent situations regarding the other (non-service cost) components of pension expense
Main components of Internet of Things : You will create a presentation to describe the main components of the Internet of Things (IoT). Discuss the prevalence of IoT today
Record in general journal format the adjusting entries : As of June 30, Year 1, the bank statement showed an ending balance of $17,415. Record in general journal format the adjusting entries
How much will be her total earnings from the contest : She also needs to split the remaining cash prize with her coach in a 65:35 ratio. How much will be her total earnings from the contest
Development of drug-resistant microbial strains : Share your thoughts on three ways that society-not physicians or medical staff-can help to reduce the development of drug-resistant microbial strains.
What amount manette company recognize in profit or loss : The fair value of Nette's share at December 31, 2021 was P68. What amount shall Manette Company recognize in profit or loss for the year 2021
Differentiate between sterilization-commercial sterilization : Explain and differentiate between sterilization and commercial sterilization. What organism does commercial sterilization aim to destroy?

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd