What is the adjusted reconciled balance

Assignment Help Finance Basics
Reference no: EM131890983

The checkbook of The Island Company had a balance of 2,210.55. The bank statement showed a balance of $4,918.18. The bank collected a $2,000 note minus a $5 service charge. There was a deposit in transit of $610.88. Several checks outstanding totaled $1,196.17. The Island Company collected $42.33 in interest on the checking account. The Island Company recorded a $300 check for $400. The bank service charge is$14.99. What is the adjusted reconciled balance?

Reference no: EM131890983

Questions Cloud

Calculate the direct labor rate and efficiency variances : The production manager budgets four direct labor hours per cello. Calculate the direct labor rate and efficiency variances
Accounting income and book value of investment : Accounting rates of return are based on accounting income and book value of investment,
Protection of the sp 500 or stock market : Please think of two examples where your could use forwards or futures. (These examples should be more than just protection of the S&P 500 or stock market.)
How important is management structure to effective : "Operational Review" textbook author Reider believes the "First step in planning is to determine why the organization or work unit is in existence.
What is the adjusted reconciled balance : The Island Company recorded a $300 check for $400. The bank service charge is$14.99. What is the adjusted reconciled balance?
What evidence is effectively executing the mission : The Public Company Accounting Oversight Board (PCAOB) is a direct result of the financial statement fraud that occurred in the early 2000s.
Legal business-was this counterclaim valid : Bogart owed several debts to Security Bank and Trust Co. Was this counterclaim valid?
Create in the process : Why did we come up with FDIC and what new problem did we create in the process? Explain.
Calculate the amount of the firm income before tax : Calculate the amount of the firm's income before tax?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

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