Unadjusted cash account balance for taylor corp

Assignment Help Finance Basics

Reference no: EM131013711

The unadjusted cash account balance for Taylor Corp. at December 31, 2015 is $85,200. The bank statement showed an ending balance of $91,380 at December 31, 2015. The following information is available:

Outstanding checks $ 24,400

NSF check from customer $ 2,300

Deposits in transit $ 15,900

Interest earned mce_markernbsp; 15

Bank service charge mce_markernbsp; 35

Required:

Prepare a bank reconciliation for December 31, 2015.

Reference no: EM131013711

Questions Cloud

What are the arguments for and against an index fund : What are the arguments for and against an index fund? Are these arguments stronger or weaker for funds investing in large-cap U.S. stocks, small-cap U.S. stocks, and foreign stocks? Please go straight to the point

What is its expected return : The risk-free rate is 5% and the expected return on the market portfolio is 13%. A stock has a beta of 1.5, what is its expected return?

Variable rate mortgage with an initial interest rate : During February 2016, John Smith financed the purchase of his new home by borrowing $250,000 from the Bank of America (BA). Although he was offered a conventional 30-year loan at a fixed rate of 5.4 percent, Mr. Smith chose BA's “5/30” variable rate ..

Find the equation of the plane which is tangent to the graph : Find the equation of the plane which is tangent to the graph of f(x, y) = 4 arctan (xy) at the point (x, y) = (1, 1). Find the equation of the tangent plane to x + y + z = exyz at the point (0, 0, 1).

Unadjusted cash account balance for taylor corp : The unadjusted cash account balance for Taylor Corp. at December 31, 2015 is $85,200. The bank statement showed an ending balance of $91,380 at December 31, 2015. The following information is available:

What is the difference in their offers in terms of dollars : Your computer manufacturing firm must purchase 11,000 keyboards from a supplier. One supplier demands a payment of $121,000 today plus $11 per keyboard payable in one year. Another supplier will charge $23 per keyboard, also payable in one year. The ..

What was the delta ray brands net income after-tax : Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,306,200. Depreciation and amortization was $898,000, interest expense for the year was $804,700, and selling general and administrative expenses totaled $1,513,..

Find the point where the function is horizontal : Find the point (x and y coordinates) where the function is horizontal. Write the equation of the tangent line at that point. Find the equations of the two tangent lines to the function that pass through the point (3, 2).

Effect of intimate relationships on wellbeing : Create a brochure in which you communicate the following to engaged couples: The effect of intimate relationships on wellbeing

User Account

All Pages