Solution-The bank statement included

The bank statement included

Assignment Help Cost Accounting

Reference no: EM13930072

The following information is available for Sharder Company for the month of June:

1. The unadjusted balance per the bank statement on June 30 was $71,230.

2. Deposits in transit on June 30 were $2,350.

3. A debit memo was included with the bank statement for a service charge of $25.

4. A $5,611 check written in June had not been paid by the bank.

5. The bank statement included a $930 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $30.

Required:

Determine the true cash balance as of June 30.

Reference no: EM13930072

Questions Cloud

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?

Genome-wide association studies : Essay reviewing a specific genetic topic Essay topic choice It is an essay reviewing a specific genetic topic at Genome-wide association studies Essay briefing The essay should consist of a carefully researched, up to date, fully referenced, balan..

Ratio analysis is a common technique in financial analysis : As your text describes, ratio analysis is a common technique in financial analysis. One of your colleagues states that a thorough ratio analysis is all that is needed in considering the financial health of a company. Although you agree that ratio ana..

Important and significant player : On 1 January 2005, momentous change occurred in respect of Australian accounting standards and the institutional arrangements surrounding them. One of the bodies affected by the changes was the AASB.

The bank statement included : The bank statement included a $930 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $30.

The expected return on the market portfolio : The expected return on the market portfolio is 17 percent, and the return on the risk-free security is 5 percent. What is the expected return on a portfolio with a beta equal to 0.5?

A subclass of an abstract class does not provide implement : f a subclass of an abstract class does not provide implementation code for all the abstract methods of its superclass, it too becomes an _______

Boundaries of the critical region : The values from the boundaries of the critical region for a two-tailed test using a sample size of n=9 scores and an alpha level of 0.05

What will the price-earnings ratio be after the stock split : Stone West mining Corp. has 12,000 shares outstanding with a market price per share of $60. The net after-tax earnings of the firm are $45,000. Stone West E&R department management forecasts an abnormal growth over the next few years; hence the firm ..

User Account

All Pages

The bank statement included

Reference no: EM13930072

Reference no: EM13930072

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT