User Account

All Pages

What was adjusted bank statement balance for georgia island

Assignment Help Financial Accounting
Reference no: EM132889559

The following information is needed to reconcile the cash balance for Georgia Island Ltd:

A deposit of $5500 is in transit.

Outstanding cheques total $1500.

The book balance is $6500 at 31 March 2020.

The bookkeeper recorded a $1800 cheque as $17,100 in payment of the current month's rent.

The bank balance at 31 March 2020 was $19,040.

A deposit of $500 was credited by the bank for $5000.

A dishonoured cheque from a customer for $3200 was returned by the bank.

The bank service charge is $60.

Problem 1: What was the adjusted bank statement balance?

A. 15 040

B. 18 660

C. 23 404

D. 18 540

Reference no: EM132889559

Questions Cloud

What amount of total dividends was paid each year : Eric Corporation, What amount of total dividends was paid each year? How much was the total shareholders' equity at the end of the fifth year?
Describe four major components in plan : List and breifly describe four major components in your plan. Remember, all healthcare organzitions say they provide "quality care" but how is this defined?
What is the treasury stock method : What is the treasury stock method? How is the increase in the diluted earnings per share denominator determined under the treasury stock method
Explain the main characteristics of indifference curves : 1. Explain the main characteristics of indifference curves 2. Briefly explain two exceptions to the definition of an indifference curve
What was adjusted bank statement balance for georgia island : What was the adjusted bank statement balance? The information is needed to reconcile the cash balance for Georgia Island Ltd.
Experiencing controversial issues related to CSR and ethics : You selected a multinational company that previously experienced or is currently experiencing controversial issues related to CSR and ethics.
What was adjust bank statement balance for tiger island ltd : What was the adjusted bank statement balance? The following information is needed to reconcile the cash balance for Tiger Island Ltd.
Why was the average number of common shares used : Why was the average number of common shares used in the diluted earnings per share computation more than the weighted average number of common shares
Determine amount of liability at december for knicks company : Determine the amount of liability at December 31, 2016. Advances applied to orders shipped in 2016 600,000. Customers advances, 12/31/15 P 500,000.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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