User Account

All Pages

What is sterlings correct cash balance at march 31

Assignment Help Accounting Basics
Reference no: EM13511931

Sterling Company's bank statement for the month of March included the following information:

Ending balance, March 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $28,046
Bank service charge for March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130
Interest paid by bank to Sterling for March . . . . . . . . . . . . . . . . . . . . . 107
In comparing the bank statement to its own cash records, Sterling found the following:
Deposits made but not yet recorded by the bank . . . . . . . . . . . . . . . . . $3,689
Checks written and mailed but not yet recorded by the bank . . . . . . . . 6,530

In addition, Sterling discovered that it had erroneously recorded a check for $46 that should have been recorded for $64. What is Sterling's correct Cash balance at March 31?

Reference no: EM13511931

Questions Cloud

What is the willingness condition for cost minimization : MPL=100 MPK=500 PL=50 PK=10. Is the firm minimizing costs? If not, how should the firm adjust its input set? What is the willingness condition for cost minimization? What two conditions must be met if a firm is maximizing profits? Explain how t..
How far upstream is the boat : A rowboat crosses a river with a velocity of 3.67 mi/h at an angle 62.5° north of west relative to the water. How far upstream is the boat when it reaches the opposite shore
Explain the concentrations of barium and sulfate ions : A solution is prepared by mixing 75.0 mL of 0.020 M BaCl2 and 125 mL of 0.040 M K2SO4. What are the concentrations of barium and sulfate ions in this solution. Assume only SO4^-2 ions (no HSO4-) are present
Why is randomness so valued as a control technique : Why is randomness so valued as a control technique? Explain the difference between random selection and random assignment. Which is used most often in experimental research? Which is more important ,in general, in research and why?
What is sterlings correct cash balance at march 31 : In addition, Sterling discovered that it had erroneously recorded a check for $46 that should have been recorded for $64. What is Sterling's correct Cash balance at March 31?
State the equation and calculate k for the reaction : The conversion of methane to ethane is done by reacting the methane with oxygen and it produces water as well as ethane. write the equation and calculate K for the reaction at 25c and 500c. Explain how the reaction is an example of driving a non-s..
Calculate what the balances will be in the unearned magazine : Calculate what the balances will be in the Unearned Magazine Revenue and Magazine Revenue accounts?
Explain desalination of water : Predict whether the following will result in an increase or decrease in entropy and justify your reasoning. Desalination of water
Compute the amount of net sales : Compute the amount of net sales and determine how much cash was collected from sales.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Markets and the role of ethics in capitalism

Once you have read the extract by Sen, attempt the review and discussion questions1-3 and 5 (ignore 4) on p.165, and be prepared to discuss your answers with your colleaguesin your tutorial.

  Is landon proposal acceptable accounting

Is Landon's proposal acceptable accounting?

  Application of equivalent units in processing

Discuss the advantage and disadvantage of the application of equivalent units in processing

  What entry should calvin make on april 30th

Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO - What entry should Calvin make on April 30th?

  Lane construction ltd is considering the acquisition of a

sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the

  What are the tax savings from making the election

Using property she inherited, Myrna makes a gift of $6.2 million to her adult daughter, Doris. The gift takes place in 2011. Neither Myrna nor her husband, Greg, have made any prior taxable gifts. Determine the gift tax liability if: a.The § 2513 ..

  How many units must racer sell in order to break even

A new employee suggests that Racer Industries sponsor a company 10-K as a form of advertising. The cost to sponsor the event is $7,200. How many more units must be sold to cover this cost?

  The same lawyer representing a different client in a civil

the same lawyer representing a different client in a civil manner was victorious and will be receiving a contingent fee

  Nominal annual percentage cost

Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its nonfree trade credit if it pays 120 days after the purchase? (Assume a 365-day year.) show your calculation.

  Denair fine wines inc is planning to bring out a

denair fine wines inc. is planning to bring out a higher-quality wine product than any currently available in

  Theory of corporate governance

Identify and briefly explain both a theory of corporate governance that supports a formal regulatory approach and a theory that supports a voluntary, self -regulation approach.

  Partner-in-charge and a consulting partner

What is the purpose of having both a partner-in-charge and a consulting partner on each audit engagement? should the partners be rotated among thier clients periodically? why or why not? (short question answer)

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd