What is the corrected cash balance

Assignment Help Accounting Basics
Reference no: EM132432076

Question - ABC completes a bank reconciliation monthly at the end of the month. At the end of September, the balance in the general ledger account was $2,750 and the bank statement showed a balance of $2,980. Outstanding checks totaled $680 and deposits in transit were $400. The bank statement revealed a check written for $120 was recorded by ABC as a $220 disbursement. The bank statement listed service charges of $45 and NSF check charges of $105. What is the corrected cash balance?

Reference no: EM132432076

Questions Cloud

Describe how the social worker in the case used a strengths : Create an eco-map to represent Claudia's situation. Describe how the ecological perspective of assessment influenced how the social worker interacted with Claud
Prepare the journal entries on the books of sunland ltd : Prepare the journal entries on the books of Sunland Ltd. to revalue the building on December 31, 2019 and December 31, 2021 using the asset adjustment method
What is the March ending inventory for ABC : Sales: March 2 200 qts; March 10 500 qts; and March 25 300 qts. ABC uses LIFO and the periodic inventory system. What is the March ending inventory for ABC
Implement a function void print song : Implement a function void print_song(int n) which takes in an integer n (1
What is the corrected cash balance : The bank statement listed service charges of $45 and NSF check charges of $105. What is the corrected cash balance
Discuss the ratification process of the constitution : Discuss the ratification process of the Constitution of 1787. How did ratification lead to the formation of America's first two political parties.
Discuss the process of qualifying as an expert witness : Question - If you were considering becoming an expert witness, discuss the process of qualifying as an expert witness
Nested loops to enter the appropriate data : Create a C++ program which uses nested loops to enter the appropriate data, calculate each driver's average time (hours), select and display the winning driver
Calculate and display the overall average time for races : Your program must repeatedly use nested loops to process an unknown number of stock car drivers who each compete in the five major races which qualify

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.

  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!

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