The cash book of a business shows a credit balance of $12 500 at 30 June....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The cash book of a business shows a credit balance of $12 500 at 30 June. Bank charges of $2 000 have not yet been entered in the cash book.. A cheque for $20 000 received from a debtor, and a cheque for $3000 paid to a creditor have been entered in the cash book, but have not yet been shown on the bank statement. What is the balance shown on the bank statement at 30 June? The cash book of a business shows a credit balance of $12 500 at 30 June. Bank charges of $2 000 have not yet been entered in the cash book.. A cheque for $20 000 received from a debtor, and a cheque for $3000 paid to a creditor have been entered in the cash book, but have not yet been shown on the bank statement. What is the balance shown on the bank statement at 30 June?
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The Easy Drive Car Rental Agency needs 500 new cars in its Nashville operation and 300 new cars in Jacksonville, and it currently has 400 new cars in both Atlanta and Birmingham. It costs $30 to move...
-
Is it possible that a resource deadlock involves multiple units of one type and a single unit of another? If so, give an example.
-
Each car in a sample of seven cars was tested for nitrogen-oxide emissions (in grams per mile), and the following results were obtained: 0.06, 0.11, 0.16, 0.15, 0.14, 0.08, 0.15 (based on data from...
-
On January 2, 2016, Allen Company purchased a machine for $70,000. This machine has a five-year useful life, a residual value of $10,000, and it is depreciated using the straight-line method for...
-
The head of the Westlane Cultural Center wants to get a sense of how quickly pledges from donors arrive at the center. It takes an average of 28 days, with a standard deviation of 7 days (normal...
-
A positively charged particle is at rest on the positive \(z\) axis in reference frame \(S\). Reference frame \(S^{\prime}\) is moving along the positive \(x\) axis of \(\mathrm{S}\), reference frame...
-
What types of relevant evidence are excluded based on policy reasons? What are the policy reasons behind excluding such evidence?
-
Morrison Company owns 80 percent of Bloom Corporations stock, acquired when Blooms fair value as a whole was equal to its book value. The companies frequently engage in intercompany inventory...
-
Over the past decade, human resource (HR) management has evolved into a range of complex responsibilities and strategic activities that are central to creating an organizational culture of success....
-
Today is September 16, Year 2. You, CPA, work for Garcia & Garcia LLP, a medium-sized firm located in Montreal. Jules Garcia calls you into his office. "CPA, I have a very special engagement for you....
-
Accounting The current controllable margin for Henry Division is $93000. Its current operating assets are $300000. The division is considering purchasing equipment for $90000 that will increase...
-
What are the consequences for a creditor who refuses a tender of performance by the debtor?
-
Give two examples of involuntary assignments.
-
Is notice required to assign a negotiable instrument? Explain.
-
What are the requirements for a statutory assignment? Describe the business advantages associated with such assignments.
-
Explain the two types of assignment by operation of law.
-
Describe the difference between Data Definition Language (DDL), Data Manipulation Language (DML), Data Control Language (DCL), and Transactional Control Language (TCL) in Structured Query Language...
-
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
-
In Problem 42: a. How much processing time will be left unused at the optimal solution? b. What would be the effect on the optimal solution of increasing the available storage space from 50 to 60...
-
The Corner Drug Store fills prescriptions for a popular childrens antibiotic, amoxicillin. The daily demand for amoxicillin is normally distributed, with a mean of 200 ounces and a standard deviation...
-
The Spring family has owned and operated a garden tool and implements manufacturing company since 1952. The company sells garden tools to distributors and also directly to hardware stores and home...
-
The bent plate has a mass of \(70 \mathrm{~kg}\) per square meter of surface area and revolves about the \(z\)-axis at the rate \(\omega=30 \mathrm{rad} / \mathrm{s}\). Determine (a) the angular...
-
The two circular disks, each of mass \(m_{1}\), are connected by the curved bar bent into quarter-circular arcs and welded to the disks. The bar has a mass \(m_{2}\). The total mass of the assembly...
-
The turbine rotor in a ship's power plant has a mass of \(1000 \mathrm{~kg}\), with center of mass at \(G\) and a radius of gyration of \(200 \mathrm{~mm}\). The rotor shaft is mounted in bearings...
Study smarter with the SolutionInn App