Solution-What amount of cash should be reported in the

What amount of cash should be reported in the august 31

Assignment Help Accounting Basics

Reference no: EM131113366

1. Bank Reconciliation and Adjusting Entries Aragon Company has just received the August 31, 2010, bank statement, which is summarized below. The general ledger Cash account contained the following entries for the month of August. Deposits in transit at August 31 are $3,800, and checks outstanding at August 31 total $1,550. Cash on hand at August 31 is $310. The bookkeeper improperly entered one check in the books at $146.50 which was written for $164.50 for supplies (expense); it cleared the bank during the month of August.

(a) Prepare a bank reconciliation dated August 31, 2010, proceeding to a correct balance.

(b) Prepare any entries necessary to make the books correct and complete.

1205_11-B-A-C-R (80).PNG

Reference no: EM131113366

Questions Cloud

Determine the electromagnetic torque developed : The total series-field and armature-circuit resistances are 25 and 50 m Ω, respectively. The core loss is 220 W; friction and wind age loss is 40 W.

University of phoenix material : A tomato farmer with a very large farm of approximately 2200 acres had heard about a new type of rather expensive fertilizer which would supposedly significantly increase his production.

Create a raci matrix : Create a RACI matrix, identifying all key stakeholders and define their level of involvement

Compute the efficiency of the motor : The total brush-contact drop is 2 V, and the core and rotational losses are 380 W. Assume that stray load loss is 1% of output. Compute the efficiency of the motor.

What amount of cash should be reported in the august 31 : Prepare a bank reconciliation dated August 31, 2010, proceeding to a correct balance.

Compute the pull on the plunger for g = 1.25 cm : Compute the pull on the plunger for g = 1.25 cm.

Planning software application : The solution is a desktop Course-Planning Software application to replace their existing electronic Course Scheduling - System Features that meet the functional requirements specified in the Requirements Document.

Constructing the categories of content to be analyzed : Constructing the categories of content to be analyzed. This is where you start to use your knowledge of communication to decide what to code. Come up with five items to code

Determine the required value of the flux density : Determine the required value of the flux density.

User Account

All Pages

What amount of cash should be reported in the august 31

Reference no: EM131113366

Reference no: EM131113366

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT