Prepare a bank reconciliation from the following information: a. Balance per bank statement as of June 30,
Question:
Prepare a bank reconciliation from the following information:
a. Balance per bank statement as of June 30, $4,862.77
b. Balance per books as of June 30, $2,479.48
c. Deposits in transit, $654.24
d. Outstanding checks, $3,028.89
e. Interest on average balance, $8.64
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Balance per bank June 30 486277 Add deposits in tra...View the full answer
Answered By
Mamba Dedan
I am a computer scientist specializing in database management, OS, networking, and software development. I have a knack for database work, Operating systems, networking, and programming, I can give you the best solution on this without any hesitation. I have a knack in software development with key skills in UML diagrams, storyboarding, code development, software testing and implementation on several platforms.
4.90+
63+ Reviews
152+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Prepare a bank reconciliation from the following information: a. Balance per bank statement as of May 31, $16,655.44 b. Balance per books as of May 31, $12,091.94 c. Deposits in transit, $2,234.81 d....
-
Prepare a bank reconciliation at August 31 for Randys Toy Box using the following information: Companys cash account balance, August 31 ......$6,500.00 Bank statement ending balance, August 31...
-
Prepare a bank reconciliation dated December 31, 2009, for Belton Company based on the following information: Balance per bank statement is $26,222. Balance per books is $24,641. The December bank...
-
[S] Explain how each of the following cost items could be classified under more than one of the headings given in question A2.3: (a) raw materials to be used in production; (b) subcontracted labour...
-
Circuit Corporation (CC) is a calendar-year, accrual-method taxpayer. CC manufactures and sells electronic circuitry. On November 15, year 0, CC enters into a contract with Equip Corp (EC) that...
-
Marigold Co. reports the following information for 2025: sales revenue $780,800, cost of goods sold $519,000, operating expenses $88,800, and an unrealized holding loss on available-for-sale debt...
-
An online magazine finds that the mean number of typographical errors per page is five. Find the probability that the number of typographical errors found on any given page is (a) exactly five, (b)...
-
Frightproof Commuter Airlines is considering adding a new flight to its current schedule from Metro to Hicksville. This route has the following prices and costs: Selling price per passenger per...
-
Below is an article posted by Yodice Associates Law Offices, who specialize in aviation legal matters. They offer a range of services and are even employed by some companies to act as legal...
-
Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...
-
Compute the amount of cash and cash equivalent on Car Wash Companys balance sheet if, on the balance sheet date, it has currency and coins on hand of $125, deposits in checking accounts of $750, U.S....
-
At the end of October, Zion Companys management estimates the uncollectible accounts expense to be 1 percent of net sales of $1,500,000. Prepare the entry to record the uncollectible accounts...
-
Over the next few days, consider how presenters use different methods of delivery in different situations. You might see professors teaching classes, a student addressing members in an organization,...
-
Identify the major differences between alimony and property division.
-
An 1100-kg car stops at a red light, going from \(85 \mathrm{~km} / \mathrm{h}\) to stationary in 20 s. (a) What is the impulse delivered to the car? (b) What is the average vector sum of forces...
-
Identify the five phases of the property division process.
-
Explain the effect of including professional goodwill in the definition of property.
-
Use the relationship between force and impulse to explain how padded boxing gloves protect a boxer's hands.
-
What is a substitute check?
-
Pearson Education, a publisher of college textbooks, would like to know if students prefer traditional textbooks or digital textbooks. A random sample of students was asked their preference and the...
-
Draw the Lewis structure or symbol of each reactant, identify the Lewis acid and the Lewis base, and then draw the Lewis structure of the product (a complex) for the following Lewis acidbase...
-
Bulldog Corporations budgeted balance sheet for the coming year shows total assets of $4,000,000 and total liabilities of $1,900,000. Common stock and retained earnings make up the entire...
-
In a discount department store, the shoe department managers goal for the next year is to increase the number of pairs of shoes sold by 20 percent. The department sold 8,000 pairs of shoes last year....
-
The owner of a tree nursery analyzes her businesss results by comparing actual operating results with figures budgeted at the beginning of the year. When the business generates large profits, she...
-
According to the video "The Importance of Budgeting," budgeting is a crucial aspect of running a successful business as it helps administrators allocate resources effectively to meet their goals. It...
-
Managing finances is essential for any business, big or small. It involves careful planning and allocation of resources to achieve goals. Budgeting is crucial as it helps firms manage their cash...
-
Your boss (for 1 of the six organizations you have to choose from-Google, Walt Disney Company, Amazon, P&G, 3M, or Ford Motor Company) has asked you to represent the organization in an industry panel...
Study smarter with the SolutionInn App