On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no.
Question:
On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no. 255, $820, and no. 257, $410.The May bank statement and the May cash payments journal show the following.
InstructionsUsing step 2 in the reconciliation procedure, list the outstanding checks at May31.
Transcribed Image Text:
Bank Statement Cash Payments Journal Checks Paid Checks Issued Check No. Check No. Date Amount Date Amount 254 257 5/2 159 5/4 650 258 410 275 5/2 5/5 259 5/17 258 159 5/10 260 890 5/15 5/12 259 275 261 500 5/20 261 500 5/22 262 750 5/29 263 480 5/24 263 480 5/30 262 750 5/29 264 560
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
The outstanding ch...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
At April 30 the bank reconciliation of Guardado Company shows three outstanding checks: No. 254 $650, No. 255 $700 and No. 257 $410. The May bank statement and the May cash payments journal are given...
-
On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks: no. 254, $650; no. 255, $620; and no. 257, $410. The May bank statement and the May cash payments journal...
-
On April 30, the bank reconciliation of Yazici Company shows three outstanding checks: no. 254, ¬650; no. 255, ¬720; and no. 257, ¬410. The May bank statement and the May cash payments...
-
What is the smallest (most negative) 32-bit binary number that can be represented with (a) Unsigned numbers? (b) Twos complement numbers? (c) Sign/magnitude numbers?
-
Briefly discuss the critical thinking and explain your own personal definition of critical thinking.
-
Chad is divorced and has custody of Brett, his 14-year-old son. Chads ex-wife has custody of their daughter, Sara. During the year, Chad incurs $3,000 for orthodontic work for Sara to correct a...
-
The Canada Business Corporations Act requires all com panies incorporated under it to have audit committees. Required a. Describe an audit committee. b. What are the typical functions performed by an...
-
ABC, process costing Parker Company produces mathematical and financial calculators and operas at capacity. Data related to the two products are presented here. Total manufacturing overhead costs...
-
A. Breakcoln's A crocheted with DEBT Acc oclated ionPreferred Associated with Common Equity Brukpolm'RE BreakPoints Cost of equity Cost of pid 105 WACC Coolto WACC 900 000 0.1100 900 0.01. 0 1050...
-
Obtain the Target Corporations annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix A, and use it to answer the...
-
Anna Pelo is unable to reconcile the bank balance at January 31.Annas reconciliation is as follows. Cash balance per bank....... $3,560.20 Add: NSF check............ 690.00 Less: Bank service...
-
The following information pertains to Family Video Company. 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July...
-
What is viral marketing? Guerrilla marketing? Give an example of each.
-
If a 1.000 L bottle of champagne cost 134 Euros and the exchange rate is 1 Euro=$1.33 (US), what is the cost in dollars for 8.000 fluid ounces of this champagne?
-
17.Initially, let B=[5.9.3.6] and C-[4.2.1.8]. What is a value of A after the function q17(B,C,A) is executed?* ALGORITHM q17(B[0..p-1],C[0..q-1],A[0..p+q-1]) BEGIN END. i=0;j=0;k=0 while(i
-
DB Company issued $ 2 0 0 , 0 0 0 , 0 0 0 of 8 % 2 0 - year bonds at 1 0 1 on 1 / 1 / 2 3 to yield 7 . 5 % . Interest is paid on June 3 0 and December 3 1 . Using effective - interest amortization,...
-
On April 16, Wildhorse Company made sales of $12,300 to customers using credit cards for payment. The credit card company charges Wildhorse a service fee of 3.0% for credit card transactions. Prepare...
-
A company provides cost-effective solutions for managing regulatory requirements and the company needs specific to the airline industry. Assume that on July 1 the company issues a one-year note for...
-
What is the response spectrum of a pulse?
-
A red card is illuminated by red light. What color will the card appear? What if its illuminated by blue light?
-
Draw a diagram that shows both the covalent and ionic nature of the compound sodium azide, formula NaN 3 (the N 3 portion is linear in shape). If there are resonance forms, then include them.
-
Eisler Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $430,000. The company...
-
BSU Inc. wants to purchase a new machine for $29,300, excluding $1,500 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage...
-
BSU Inc. wants to purchase a new machine for $29,300, excluding $1,500 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage...
-
Dept of Justice, Prosecuting Computer Crimes. Chapter One Computer Fraud and Abuse Act. http://www.justice.gov/criminal/cybercrime/docs/ccmanual.pdf
-
Complete the following for this aComplete the following for this assignment Continue in the same Word file from Week 1 and under Journal 2 heading enter the date and write how you are felling right...
-
Coordinating the different stages of the value chain that become internalized within the firm results in an increase in Blank______ costs
Study smarter with the SolutionInn App