What is the amount of the unrecorded check issued

Assignment Help Financial Accounting
Reference no: EM132935012

Question - BTS Company banks with SoK Bank and prepares reconciliation of the bank and book balances on a regular monthly basis. The December 31, 2016 reconciliation shows a balance per bank of P581,050, balance per books of P627,000, outstanding checks of P84,300, deposits in transit of P120,000, interest earned on the bank balance of P1,250, and service charges of P400. Included in the bank statement was a canceled check which the company had failed to record. The check was in payment of accounts payable. What is the amount of the unrecorded check issued by the company in payment of accounts payable?

Reference no: EM132935012

Questions Cloud

What is Noah adjusted gross income for the current year : He also actively participates in another real estate rental activity from which he has $34,700 of income. What is Noah adjusted gross income for current year
What amount should be debited to the patent account : Ivanhoe Corporation acquired a patent on May 1, 2020. Ivanhoe paid cash of $92000 to the seller. What amount should be debited to the patent account
What would these numbers tell me about the capital structure : If a company has $180,000 in current liabilities and holds $470,000 in total stockholders' equity. What would these numbers tell me about the capital structure
Calculate the cost of debt after tax : A company issues Rs.10,00,000 12% debentures of Rs.100 each. Calculate the cost of debt after tax if debentures are issued at par
What is the amount of the unrecorded check issued : The check was in payment of accounts payable. What is the amount of the unrecorded check issued by the company in payment of accounts payable
What was the company accounts receivable balance : Gross profit base on sales 20% Accounts receivable, Dec. 31, 2019 P 80,000. What was the company Accounts Receivable balance
Find the Federal tax amount : An employee is paid weekly and earns $662.00 per pay. Federal claim code is 3 and provincial claim code is 4. Find the Federal tax amount
What amount should be included as gain on disposal : If Blue Corp. sold the plant on March 1, 2022 for a net proceeds of P351,000, what amount should be included as gain on disposal in entity's statement
What would be the monthly operating advantage : What would be the monthly operating advantage (disadvantage) of purchasing the goods internally assuming the external supplier increased its price

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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