Prepare a corrected bank reconciliation. DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $22,900 Add outstanding checks: No. 7715 $1,450 7760 915 7764 1,850 7765 775 4,990 $27,890 Deduct deposit of June 30, not recorded by bank (6,200) Adjusted balance $21,690 Cash balance according to company's records $15,625 Add: Proceeds of note collected by bank: Principal $6,000 Interest 360 $6,360 Service charges 30 6,390 $22,015 Deduct: Check returned because of insufficient funds $545 DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $22,900 Add outstanding checks: No. 7715 $1,450 7760 915 7764 1,850 7765 775 4,990 $27,890 Deduct deposit of June 30, not recorded by bank (6,200) Adjusted balance $21,690 Cash balance according to company's records $15,625 Add: Proceeds of note collected by bank: Principal $6,000 Interest 360 $6,360 Service charges 30 6,390 $22,015 Deduct: Check returned because of insufficient funds $545
Expert Answer:
Answer rating: 100% (QA)
Dakota Co Bank Reconciliation June 30 20Y3 Cash balan... View the full answer
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
Students also viewed these accounting questions
-
3. Marie Nutley wanted to have $300,000 at the end of twelve years. She purchased an investment that promised a 12% annual return. She made equal annual payments for the first four years and earned...
-
Prepare a July 31 bank reconciliation statement and the resulting journal entries for the Simmons Company. The July 31 bank statement indicated a cash balance of $9,610, while the cash ledger account...
-
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...
-
You are a lead auditor from ABC Auditors Pty Ltd. Your client is Cassey's Quality Cars Ltd who are a large car dealership with branches across Queensland. ABC Auditors have performed audits for past...
-
Franco, Corp. completed the following transactions in 2014: Jan 1 Purchased a building costing $140,000 and signed a 10-year, 11 % mortgage note payable for the same amount. Jun 30 Made the first...
-
Apply the rank order clustering technique to the part-machine incidence matrix in the following table to identify logical part families and machine groups. Parts are identified by letters, and...
-
As sales manager, you realize your salespeople need to be more efficient and effective in managing their time and territory. As you deliver the opening comments at an all-day seminar on time and...
-
This problem continues the Canyon Canoe Company situation from Chapter 14. The company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle...
-
Consider the below system which is vibrating with sinusoidal input of ?in (38.88?) ?. The damping coefficient of the system is experimentally calculated to be 0.5 ?. ?/?. We locate mass ? 2 along the...
-
1H NMR spectra for two haloalkanes are shown below. Propose structures for these compounds that are consistent with the spectra. (a) C5H11C1, spectrum A; (b) C4H8Br2, spectrum B. H NMR 9 H 2 H...
-
Can someone help me Unit test this Java method please! static public boolean validatePassword(String userName, int tries) { User user = userAccounts.get(userName); tries++;...
-
3. Using the table below, which displays information for the same perfectly competitive firm during the short-run, answer the following questions. Units of Labor, L 234 5 6 7 Total Product (TP) 20 30...
-
1. Consider the following I type instruction: op rs rt constant or address Where the opcode = addi, rs = $s2 and rt=$s1. The value of register $s2 is 01001010, and the constant value is = 11101110....
-
A budget sets a limit on spending and thus is a method of control used to help organizations achieve goals. To follow a budget requires discipline, and without this planned allocation of resources...
-
The quantity of energy Q transferred by heat conduction through an insulating pad in time interval At is described by Q/At= KAAT/d, where K is the thermal conductivity of the material, A is the face...
-
What is the importance of organisations to society and why do we need them? explain
-
What is the name for the following runtime O ( 2 ^ ( 2 ^ n ) ) why would we only use very small inputs for it ? ? Provide the pseudocode for the Tree - Delete algorithm.
-
l ask this second time correnct answer is 38,01 can we look pls Consider a non-conducting rod of length 8.8 m having a uniform charge density 4.5 nC/m. Find the electric potential at P, a...
-
In March, K. Haas, M. D., established the Haas Sports Injury Clinic. The clinics account headings are presented below. Transactions completed during the month of March follow. a. Haas deposited $...
-
Go Systems had the following payroll data for wages for the week ended February 5. The state income tax is assumed to be 20% of the federal income tax. a. Write the general journal entry to record...
-
A portion of Anderson Publishings work sheet for the year ended December 31 follows: Required 1. Determine the entries that appeared in the Adjustments columns and prepare the general journal entries...
-
Based on the photographs in Figure 26.13, in which segment(s) is the Antp gene normally expressed? Figure 26.13: (a) Normal fly (b) Antennapedia mutant
-
The bush baby, a small African mammal, is a remarkable jumper. Although only about 8 inches long, it can jump, from a standing start, straight up to a height of over 7 feet! Use the particle model to...
-
Your friend Travis claims to have set the new world speed record for riding a unicycle. His top speed, he says, was 55 m/s. Do you believe him? Explain.
Study smarter with the SolutionInn App