What is the adjusted cash balance

Reference no: EM133662584

Question: Dr. Solo is preparing a single journal entry for December 31, 2022. The bank statement shows a balance of $10,500 on that day. Three checks were made out on that day: one for $250 for medical supplies, the second for $175 for computer software, and the third for $105 for hand sanitizers. A deposit for $9,000 is not showing on the bank statement. For December, the bank has credited interest to the account for $85 and charged a bank service fee of $55. There is a non-sufficient funds check for $55.00. You will prepare the journal entry to record and complete the bank reconciliation to determine the adjusted cash balance per the facility's accounting records. What is the adjusted cash balance?"

Reference no: EM133662584

Questions Cloud

What internal controls were missing at crazy eddies : What internal controls were missing at Crazy Eddies relating to cash receipts, cash deposits,controls over bank accounts, cash disbursements, adding new vendor

Write down pollys intertemporal budget constraint : Write down Polly's intertemporal budget constraint and graph it below, with consumption in period 1 on the horizontal axis.

Compute working capital for both companies : Compute working capital for both companies for the most recent fiscal year. How would you interpret the working capital amounts you calculated for Target

Explain the use of advance directives versus physician order : Explain the use of advance directives versus Physician Order for Life Sustaining Treatment and their legal implications when providing care for elderly patients

What is the adjusted cash balance : complete the bank reconciliation to determine the adjusted cash balance per the facility's accounting records. What is the adjusted cash balance

What is the value of having such a discussion : What is the value of having such a discussion with a future spouse? Do you expect to share equally in financial decisions? If not, how do you plan to make

What are your short and long term professional goals : What are your short and long term professional goals? Describe any unusual family or personal circumstances that have affected your achievement in school.

What is the company-wide break-even point : Taylor knows that the fixed costs total $400,000 and that the weighted-average unit contribution margin is $800. What is the company-wide break-even point

What is lilacs weighted-average contribution margin ratio : contribution margin ratio of the Supreme line is 60%. Lilac's monthly fixed costs are $1,248,000. What is Lilac's weighted-average contribution margin ratio

User Account

All Pages