What amount will bellows report as its adjusted cash balance

Assignment Help Financial Accounting

Reference no: EM131268041

Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows book balance 28750, outstanding checks 900, interest earned on checking account 75, customers nsf check returned by the bank

In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. Required: What amount will Bellows report as its adjusted cash balance at April 30, 2013?

Reference no: EM131268041

Questions Cloud

Uncollectible accounts expense on the income statement : The company had an accounts receivable balance of $105,000 and an allowance for uncollectible accounts balance of $3,000 (credit) at the end of the year (before any adjusting entry). Sales revenue for the year totaled $800,000. The accountant determi..

Prepare balance sheet-net income for the year ended : Use the accounts below for Stanley Black and Decker to prepare a Balance Sheet at December 31, 2015. ($ millions). In addition, Retained Earnings at December 31, 2014 was $10,000, Net Income for the year ended December 31, 2015 was 40,000 and 4,000 w..

Journalize the transactions : Transactions for the George Lynch Company for the month of June are presented below. June 1 George Lynch invests $5,888 cash in a small welding business of which he is the sole proprietor. 2 Purchases equipment on account for $2,006. 3 $793 cash is p..

Prepare an income statement for the year ended : Use the accounts below for Stanley Black and Decker to prepare an income statement for the year ended December 31, 2015. ($ millions)

What amount will bellows report as its adjusted cash balance : Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows book balance 28750, outstanding checks 900, interest earned on checking account 75, customers nsf ch..

Tax depreciation and the tax gain on the equipment sale : Neither Form 4562 for depreciation nor Form 4797 for the sale of the equipment is required. Include the amount of tax depreciation and the tax gain on the equipment sale given in the problem (or determined from information given in the problem) on th..

Estimates taxes were paid by the larges : George Large worked as a salesman for Toyboat, Inc. He received a salary of $80,000 ($8,500 of federal income taxes withheld and $1,800 of state income taxes withheld) plus an expense reimbursement from Toyboat of %5,000 to cover his employee busines..

Stock option plan for key executives : On October 15, 2012, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2013, 18 million stock options were granted, exercisable for 18 million shares of Ensor's $1 par common stock. W..

User Account

All Pages