Reference no: EM132726000
Question - The cash balance of Bison Corporation was 14,426 as at October 31, 2020. The balance of bank statement on the same day was $9,926. Following summarizes the differences between bank and books:
1. Deposits in transit as at September 30 was $1,108.
2. Deposits recorded in the books and bank during October were 9,630 and $7,410.
3. Outstanding cheques as at October 31 amounted to $136.
4. Electronic receipts from customers totaled $814, but these receipts have not yet been recorded by Bison in October.
5. Interest revenue earned in October totaled $307 and it hasn't been recorded by Bison.
6. The bank returned an NSF cheque in the amount of $2,211 that deposited on October 13. The cheque was a payment on a customer's account.
7. The bank charged Bison $188 for services in October, including $158 for bank service changes and $30 for processing the NSF cheque.
8. The bank made a mistake in processing a payment of $522 as $552 reconciliation as at October 31, 2020.
Answer any necessary journal entries for bank reconciliation as at October 31, 2020.
Required - What is the reconciled balance of cash as at October 31, 2020?
|
What is carambola worth
: What is Carambola worth if the Honduran lempira were to remain fixed over the three year investment period?
|
|
Calculate the target cost per unit
: The desired return on investment (ROI) is 26.13636%. Calculate the target cost per unit the company must achieve to ensure it attains its desired ROI
|
|
Prescriptive in terms of data analysis and informatics
: What is the differences between descriptive, predictive, and prescriptive in terms of data analysis and informatics?
|
|
Calculate the monthly payment on the mortgage
: a. Calculate the monthly payment on the mortgage, show the amortization table, and compute the EAIR.
|
|
What is the reconciled balance of cash as at October
: The cash balance of Bison Corporation was 14,426 as at October 31, 2020. What is the reconciled balance of cash as at October 31, 2020
|
|
Develop project management plan process
: The Develop Project Management Plan process includes actions necessary to define-integrate and coordinate all subsidiary plans into a project management plan
|
|
Net present value and internal rate of return
: What is the net present value and internal rate of return on this investment?
|
|
Estimating the variance of population
: What is the sampling distribution in estimating the variance of a population? What are the properties of this distribution?
|
|
Debt-to-equity ratio-swirlpool inc
: Swirlpool, Inc. has a WACC of 11%, cost of debt of 8%, and a cost of equity of 12%. What must the debt-to-equity ratio be if the firm pays no tax?
|