In reconciling the January bank statement, the Vice President discovered that the bookkeeper had recorded a check

Fantastic news! We've Found the answer you've been seeking!

Question:

In reconciling the January bank statement, the Vice President discovered that the bookkeeper had recorded a check written for $454 as $544 in the cash disbursements journal. For the bank reconciliation, the $90 error should be:

A) added to balance per bank statement

B) added to balance per general ledger

C) deducted from balance per bank statement

D) deducted from balance per general ledger

Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Posted Date: Dec 09, 2023 01:11 AM

See More Questions

Determine the normal force, shear force, and moment at points E and F of the compound beam. Point E is located just to the left of 800-N force. A 800 N E -1.5 m-1 1200 N 4 5 3 B m2 m- 400 N/m \F -1...
The Cash account in the general ledger of Lyco Corporation showed a balance of $21,749 at December 31 (but prior to performing a bank reconciliation). The companys bank statement showed a balance of...
The president of The Peterson Company suspects the bookkeeper is embezzling cash from the company. She asks you, confidentially, to look over the bank reconciliation that the bookkeeper has prepared...
Why are lipids and proteins free to move laterally in membranes? O a. Lipids and proteins repulse each other in the membrane O b. The interior of the membrane is filled with liquid water Oc. There...
The compound KSCN is a source of thiocyanate ion. (a) Write the two most stable Lewis structures for thiocyanate ion and identify the atom in each that bears a formal charge of _1. (b) Two...
In Exercises find the area of the region by integrating (a) With respect to x and (b) With respect to y. (c) Compare your results. Which method is simpler? In general, will this method always be...
Draw a UML class diagram for a process in an operating system. The process class should include the necessary attributes and behaviors required of a typical process.
Hien Corporation manufactures copy machines. The following table presents financial information for two years. a. Classify the above items into prevention, appraisal, internal failure, or external...
1. List the three criteria for an ideal monetary system. 2. List 2 of the 4 factors lead to the Asian Currency Crisis
You work in the human resources department of your company helping new employees fill out the necessary paperwork to get their first paycheck. There are a number of decisions that employees must make...
1. If Orange were to issue a stock dividend, generally, a. How would this affect the corporations assets and/or liabilities? b.How would this affect the individual shareholders proportionate...
3. A rod of negligible mass is pivoted at a point that is off-center, so that the length 7, is different from length 12. The figures below show the two cases in which masses are suspended from the...
As an astronaut, you observe a small planet to be spherical. After landing on the planet, you set off, always walking straight ahead, and find yourself back at your spacecraft from the opposite side...
1. A torsion pendulum is made from a disk of mass m = 6.1 kg and radius R = 0.65 m. A force of F = 48.6 N exerted on the edge of the disk rotates the disk 1/4 of a revolution from equilibrium. 1)What...
One hazard of space travel is debris left by previous missions. There are several thousand objects orbiting Earth that are large enough to be detected by radar, but there are far greater numbers of...
A 37 kg child uses a pogo stick to bounce up and down. the spring constant, K, of the toy =8500 n/m (A) by how much would the spring be compressed by the child if she simply balanced herself...
Shown below is activity for one of the products of Made in Kansas City Shop January 1 balance, 570 units @ $se $28, 560 Purchases: January 18: January 20: Sales: January 12: January 28: 570 units @...
President Lee Coone has asked you to continue planning for an integrated corporate NDAS network. Ultimately, this network will link all the offices with the Tampa head office and become the...
Gehl Company manufactures a full line of construction and agriculture equipment. The following information is available for Gehl for 2006. The company uses the LIFO inventory method. (in thousands)...
Nancy Grey opened Grey Company, a veterinary business in Neosho, Wisconsin, on August 1, 2010. On August 31 the balance sheet showed: Cash $9,000; Accounts Receivable $1,700; Supplies $600; Office...
Presented below is 2006 information for PepsiCo, Inc. and The Coca-Cola Company. Instructions Using the cash-based measures presented in this chapter, compare the (a) Liquidity and (b) Solvency of...
Which managerial skill refers to the ability to view the entire situation in totality? Technical skills Human skills Conceptual skills None of the above
Which objective of management takes care of the conservation of the environment and natural resources? Organizational objectives Personal objectives Social objectives None of the above
Are line managers accountable for activities that have a direct influence on the organizations output? True False

In reconciling the January bank statement, the Vice President discovered that the bookkeeper had recorded a check

Question:

Expert Answer:

The detailed answer for the above question is provided below The ... View the full answer

Financial Accounting Tools for Business Decision Making

Students also viewed these accounting questions