Reference no: EM13930080
As of June 30, 2013, the bank statement showed an ending balance of $15,246. The unadjusted Cash account balance was $14,720.
The following information is available:
1. Deposit in transit, $1,390.
2. Credit memo in bank statement for interest earned in June, $22.
3. Outstanding check, $1,901.
4. Debit memo for service charge, $7.
Required:
a. Determine the true cash balance by preparing a bank reconciliation as of June 30, 2013, using the preceding information.
b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance.
|
Are violent crimes distributed uniformly
: Are Violent Crimes Distributed Uniformly? Based on data from the Federal Bureau of Investigation, violent crimes in a recent year occurred with the distribution given in the accompanying table.
|
|
The object-oriented paradigm supports abstractions
: 1) The Object-Oriented Paradigm supports abstractions through Classes. Classes are software-programming abstractions; they encapsulate a set of related attributes (data members) and behaviors (methods) while, at the same time, they hide essential det..
|
|
How many years will it take for you to be debt-free
: You owe $2,000 on your credit card. The interest rate they offer is 19.6% interest compounded monthly. If you can only make the minimum monthly payment of $40 per month, how many years will it take for you to be debt-free?
|
|
Common stock market price per share
: KLM Corp. common stock is currently selling for $8 a share. Due to NYSE listing requirements, KLM decided to declare a non-discretionary 2-for-5 reverse stock split. As a result of the split, KLM common stock market price per share will be _____, all..
|
|
Record in general journal format the adjusting entries
: Record in general journal format the adjusting entries necessary to correct the unadjusted book balance.
|
|
Cost recovery deduction for acquisition of original artwork
: Chang wants to claim a cost recovery deduction for the acquisition of original artwork to be hung in the reception area of her dental office. The paintings were specially chosen because of their tendency to relax the patients who would be viewing the..
|
|
What is a gene
: The term "gene" was coined over a 100 years ago by Johansson and our understanding of what a gene is has obviously changed over the years with the advent of molecular biological techniques,
|
|
What determines the intrinsic value of financial security
: What determines the intrinsic value of a financial security (ie. a stock, bond, etc)? - How is the intrinsic value arrived at? (ie. What kind of assumptions are required?) - How do we explain why analysts can come up with different valuations for the..
|
|
Systematic risk associated with the returns on dell stock
: In February 2011 the risk-free rate was 4.60 percent, the market risk premium was 7.00 percent, and the beta for Dell stock was 1.50. What is the expected return that was consistent with the systematic risk associated with the returns on Dell stock?
|