The correct balance in the cash account was

Assignment Help Financial Accounting
Reference no: EM132316674

Question

The cash account shows a balance of $39700 before reconciliation. The bank statement does not include a deposit of $9600 made on the last day of the month.

The bank statement shows a collection by the bank of $3900 and a customer's check for $1310 was returned because it was NSF.

A customer's check for $1350 was recorded on the books as $1890, and a check written for $322 was recorded as $395. The correct balance in the cash account was?

Reference no: EM132316674

Questions Cloud

Graphical displays as a bi analyst : Imagine that you are a BI analyst at a large company. Provide at least two innovative ways to use descriptive and/or graphical displays as a BI analyst.
Explain how a web proxy works : COIT20262 - Advanced Network Security - Explain how a web proxy works. Your explanation should include what a user needs to do when using a web proxy
What is total number of units sold : What is Total Number of Units sold from Jan to May? What was total number of units sold in Feburary. How many unit sales were made in "Atlantic US" Sales region
What actions can an organisation leader : What actions can an organisation's leader take to monitor the organisation's culture to determine if the culture is aligned to their ethics policy? Why?
The correct balance in the cash account was : The bank statement shows a collection by the bank of $3900 and a customer's check for $1310 was returned because it was NSF.
Provide a detailed statement of the problem : BUSN20016 Research in Business Assignment - Project Proposal, CQ University, Australia. Provide a detailed statement of the problem
The new land should be recorded on sandhil''s books at : Two independent companies, Bonita style="color:inherit;"> Co. and Sandhill Co., are in the home building business.Each owns a tract of land held for development
How is responsibility for it risk coverage for companies : How is responsibility for IT risk coverage for companies in the IT industry defined? Is it adequate? How does this definition address or fail to address current
Analyzing organization financial health : What information might you use, besides its financial statements, when analyzing an organization's financial health? What is a company's "z-score,"

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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