User Account

All Pages

What is the adjusted cash balance

Assignment Help Accounting Basics
Reference no: EM132749170

Question: Belgium Chocolates Company deposits all receipts daily and makes all payments by cheque. The following information is available from the cash records:

March 31 Bank Reconciliation

Balance per bank.................................................................... $35,160

Add: Deposits in transit........................................................ 4,200

Deduct: Outstanding cheques.............................................. (3,200)

Balance per books.................................................................. $36,160

Month of April Results

Per Bank Per Books

Balance April 30...................................................................... $38,000 $42,140

April deposits recorded........................................................... 11,200 17,300

April cheques recorded.......................................................... 12,010 11,320

Items on bank statement but not in books:

Note collected by bank......................................................... 5,500 -0-

Bank service charge............................................................... 50 -0-

Customer's NSF cheque returned by the bank...................... 1,800 -0-

Instructions: a) Calculate the amount of the April 30:

1. Deposits in transit

2. Outstanding cheques

b) What is the April 30 adjusted cash balance? Show all work.

Reference no: EM132749170

Questions Cloud

Why is important for the hr director to be concerned : Because of a recent downturn in the economy,Why is it important for the HR director to be concerned about how employees will accept the changes?
Requirements for equal employment opportunity : What are the main ideas of each of the two forms of discrimination? List and summarize at least two landmark court cases and research for current examples
What impulse acts on the ball during its collision : The ball rebounds, leaving the floor with a velocity of 4.0 m/s. What impulse acts on the ball during its collision with the floor?
Determine the distance that the spring : When the mass sits at rest, determine the distance that the spring is compressed from its equilibrium position.
What is the adjusted cash balance : Belgium Chocolates Company deposits all receipts daily and makes all payments by cheque. The following information is available from the cash records.
How did the culture at wells fargo become so focused : How did the culture at Wells Fargo become so focused on growing sales through cross-selling? What might be done in the future to reduce the reliance on single
Images found behind a double-convex lens : As the radius of curvature of the lens increases, the focal point of that lens becomes closer to / further away from that lens?
Summarize the significant accounting policies : Review the notes to the financial statements home depot. Analyze and then summarize the significant accounting policies that have been established as described.
Find the current flowing through the circuit : Values of the resistors are 20 and 25 ohms. Draw the circuit diagram for this scenario. Find the current flowing through the circuit.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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