User Account

All Pages

The bank account as a control device helps to protect cash

Assignment Help Accounting Basics
Reference no: EM13594725

The bank account as a control device helps to protect cash. One of the requirements is to conduct periodic bank statement reconcilliations, Using the following data, complete the bank statement reconcilliation.

Use the information below to prepare the band reconcilliation for collier cleaners for the month of Septemeber.

.The bank statement indicated band service charges of $63

.Oustanding checks as of September 30 amounted to $1,045.

.Depositis in transit as of September 30 amounted to $2,769.

.The ending balance per the September bank statement is $40,753.

.Collier Cleaners bookkeepers mistakenly recorded a $1,610 cash disbursement as $1,160 for Office Supplies of check #2402

The bank mistakenly recorded a deposit of $2,800 as $280 on February 17.

.THe bank made and EFT payment on behalf of the company for insurance of $3,200.

.Bank collected rent of $3,000 and a note, for $16,450, including interest of $450.

.The ending cash balance per the books for September before any adjustments was $28,900.

Reference no: EM13594725

Questions Cloud

What is the maximum weight that a single thread of this : orb spiders make silk with a typical diameter of 0.15. a typical large orb spider has a mass of 0.50 .a if this spider
A basic usage of the two different qualities named a and b : a basic usage of the two different qualities named a and b which are to be used weekly as their normal usage is
Using half reactions write a balanced oxidation-recuction : using half reactions write a balanced oxidation-recuction reaction.oxidation of 1 to 12 and reduction of mn02 to
Rugby rocks inc had a retained earnings balance of 12000 at : rugby rocks inc. had a retained earnings balance of 12000 at december 31 2010. the company had an average income of
The bank account as a control device helps to protect cash : the bank account as a control device helps to protect cash. one of the requirements is to conduct periodic bank
Consider the reaction with the rate law rate kbro3-br-h2 : consider the reaction with the rate law rate kbro3-br-h2by what factor does the rate change if the concentration of
Examine the effects of the sarbanes-oxley act on the cpa : examine the effects of the sarbanes-oxley act on the cpa profession including both positive and negative effects.
A person pulls a toboggan for a distance of 348 m along the : question a person pulls a toboggan for a distance of 34.8 m along the snow with a rope directed 32.2 degrees above the
The temperature difference between these points was : if a temperature scale were based on the freezing point 5.5 c and boiling point 80.1 c of benzene and the temperature

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the updated principal balance

Paris Company buys a building on a plot of land for $100,000, paying $20,000 cash and signing a 20-year mortgage note for $80,000 at 6%. Monthly payments are $570. The first monthly payment was made in January, 2013. After the first payment, what ..

  The bonds pay semiannual interest on may 1 and november 1

lance co. purchased 24000 of 8 15-year bergen county bonds on july 12 2012 directly from the county at par value. the

  Production records show that there were 490 units in the

the ledger of custer company has the following work in process account.work in

  The corporation manufactures knitted shawls and scarves the

the corporation manufactures knitted shawls and scarves. the company expects to incur 1500000 in overhead costs during

  Work problems 109nbsp at the end of the first three months

work problems 109nbsp at the end of the first three months of operation evergreen repairs inc.s trial balance is

  The purchasing department buys the quantities of raw

costello corporation manufactures a single product. the standard cost per unit of product is shown below.direct

  Effective interest method problem

On January 1, 2011, an investor paid $299,000 for bonds with a face amount of $350,000. The stated rate of interest is 10% while the current market rate of interest is 12%. Using the effective interest method, how much interest income is recognize..

  Tax treatment of social security benefits

Based on your understanding of how social security benefits are taxed when received, is the tax treatment of social security benefits fair?

  How much must be paid in dividends

TMI is a calendar year personal service corporation which reports income on a calendar year end basis. TML is also a personal holding company. TML had $125,000 of taxable income during the year. It is now December 31st.

  Calculate the estimated profit of first year of operation

You are considering opening a kiosk in themall that will sell customizable aprons. You need to borrow money fromt eh bank to get the business started and estimate that you will need approximately $20,000. Calculate the estimated profit of your comp..

  What is the amount of cash received by the seller

The seller paid transportation costs of $1,000 and issued a credit memorandum for $2,000 prior to payment. What is the amount of cash received by the seller if the invoice is paid within the discount period?

  A company ran a regression analysis using direct labor

a company ran a regression analysis using direct labor hours as the independent variable and manufacturing overhead

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