What is the correct adjusted cash balance for this company

Assignment Help Accounting Basics
Reference no: EM132955073

Question - Jamie Company has the following information for their bank reconciliation:

Cash Balance from Bank Statement $20,256.46

Cash Balance from Financial Statements $21,300.00

NSF check returned with bank statement$100.00

Note Collected by bank (not recorded by company yet) $500.00

Interest on Note Collected by Bank (not recorded by company yet) $30.00

Bank Service Charge (not recorded by company yet) $50.00

Outstanding Checks $376.46

Deposits in Transit $1,800.00

Required - What is the correct adjusted cash balance for this company?

Reference no: EM132955073

Questions Cloud

Define the cash flow on total assets ratio : Define the cash flow on total assets ratio and explain how it is used to evaluate cash flows and to assess company performance
Prepare the necessary adjusting entries at december : Fort Services initially records all prepaid expenses. Prepare the necessary adjusting entries at December 31, 2020, the company's year-end.
What are three estimates provided by the PERT : What are three estimates provided by the PERT three-estimate approach that give the parameters of this distribution of the duration of an activity
Prepare the company closing entries : Prepare the company's closing entries. Include explanations. Prepare a T-account for Michael Lucas, Capital. What is the ending Capital balance at June
What is the correct adjusted cash balance for this company : Interest on Note Collected by Bank (not recorded by company yet) $30.00. What is the correct adjusted cash balance for this company
Calculate the weighted average cost of capital for mala bhd : Mala Bhd is engaged in home improvement product has been listed at Bursa Malaysia. Calculate the weighted average cost of capital
Find the value of the employee stock option : The stock is trading at $15 per share. The company finds that 85% of options are exercised. Find the value of the employee stock option
Determine perfect paintball ending capital balance at dec : Indicate if the business had a profit or loss for the year. Determine Perfect Paintball's ending Capital balance at December 31, 2020.
Determine the tax liability of Ann Inc : Assume instead that Ann is a C corporation (Ann, Inc.) and that Ann, Inc. has a 15% interest in Rock Corporation. Determine the tax liability of Ann, Inc.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the perpetual inventory system purchased inventory

A company using the perpetual inventory system purchased inventory worth

  What liability due to risk of loss from lack of insurance

Ignoring the November 24, 2014, accident, what liability due to the risk of loss from lack of insurance

  Expected expenses of a child while studying

You Would like to make 43 equal payments over the next 21 years (The first payment to be made immediately all other payment to be made at 6 month internals, with the final payment to be made at he 21st. birthday. So that you will be able to cover ..

  How much will she pay in federal income taxes annually

Starting next week she will receive a $40 per week raise. After the raise, how much will she pay in federal income taxes Annually

  The little theatre is a nonprofit organization devoted to

the little theatre is a nonprofit organization devoted to staging plays for children. the theater has a very small

  Warner development company has a security department that

warner development company has a security department that provides security services to other departments within the

  Calculate the total liability

Jane started a business on 3rd January, 2016 with assets valued at $ 845. If the owner's equity was valued at $ 500, calculate the total liability

  Compute the equivalent units of production for the first

the illinois company manufactures a product that goes through three processing departments. information relating to

  What are the three main purposes of budgeting

What are the three main purposes of budgeting? What are the purposes of master, planned operating, and financial budgets

  Determine whether current designs should accepted or not

Prepare an incremental analysis to determine whether Current Designs should accept this special order to produce the coolers

  Cricket company produces many different types of pet toys

cricket company produces many different types of pet toys. you have been hired as a cost accountant to do some basic

  What subjective considerations might affect pricing decision

Pricing to Maximize Contribution Reynolds Company produces and sells picture frames. One particular frame for 8 * 10 photos was an instant success.

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