Don Wyatt is unable to reconcile the bank balance at January 31. Dons reconciliation is as follows.
Question:
Cash balance per bank ......... $3,560.20
Add: NSF check ............ 490.00
Less: Bank service charge ......... 25.00
Adjusted balance per bank ........ $4,025.20
Cash balance per books .......... $3,875.20
Less: Deposits in transit ......... 530.00
Add: Outstanding checks ......... 730.00
Adjusted balance per books ........ $4,075.20
Instructions
(a) Prepare a correct bank reconciliation.
(b) Journalize the entries required by the reconciliation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Cash balance per bank statement 356020 Add Deposits in transit 53000 409020 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
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...
-
Tasha Orin is unable to reconcile the bank balance at January 31. Tashas reconciliation is shown here. Cash balance per bank ....... $3,677.20 Add: NSF check ......... 450.00 Less: Bank service...
-
Bob Vance is unable to reconcile the bank balance at January 31. Bobs reconciliation is as follows. Cash balance per bank $3,560.20 Add: NSF check 690.00 Less: Bank service charge 25.00 Adjusted...
-
a) The sustainable yield (Y) of a fishery is Y = E-0.5E where E denotes fishing effort. If the cost per unit of effort is 0.5 and the price of fish is 1, what is sustainable yield (i) under open...
-
Blood plasma proteins of patients with malignant breast tumors differ from proteins of healthy people in their solubility in the presence of various polymers. When the polymers dextran and...
-
Is the scientific method suitable for solving problems only in the sciences? Explain.
-
The data in Table 19.8 are from Gamage et al. (2007). These data are for 36 months of medical-care payments, from January 2001 through December 2003, inclusive. These are payments for medical-care...
-
A coal contains 73.0 wt% C, 4.7% H (not including the hydrogen in the coal moisture) 3.7% S 6.8% H 2 O, and 11.8% ash. The coal is burned at a rate of 50,000lb m /h in a power plant boiler with air...
-
Calculate the key profitability ratios for the years 2002 to 2006(E). What is the trend in RoE from 2002 to 2006 (E)! List down at least one reason for the increase/decrease in RoE by assessing the...
-
Make a Venn diagram showing the relationships among test cases from boundary value analysis, robustness testing, worst-case testing, and robust worst-case testing.
-
Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. The...
-
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...
-
Amazon.com Inc. reported the following stock price at the beginning of each year since 2012. Using 2012 as the base year, develop a simple index for stock prices. What is the percentage increase in...
-
The engine designed by Lenoir was essentially an atmospheric engine based on the early steam engines. In this, a combustible mixture was contained in a cylinder: it was ignited and the pressure...
-
Assuming that entropy is a continuous function, \(s=s(T, v)\), derive the expression for entropy change \[\mathrm{d} s=c_{v} \frac{\mathrm{d} T}{T}+\left(\frac{\partial p}{\partial T} ight)_{v}...
-
The Dieterici equation for a pure substance is given by \[p=\frac{\Re T}{v-b} \mathrm{e}^{-\frac{a}{\Re T v}}\] Determine (a) the constants \(a\) and \(b\) in terms of the critical pressure and...
-
Derive expressions for \(\left(\frac{\partial c_{v}}{\partial v} ight)_{T}\) for substances obeying the following laws: (a) \(p=\frac{\Re T}{v-b} \mathrm{e}^{-\frac{a}{\Re T v}}\) (b) \(p=\frac{\Re...
-
Recalculate P3.2 assuming that the pump efficiency \(\eta_{\mathrm{P}}=0.8\), and the turbine efficiency \(\eta_{\mathrm{T}}=\) 0.9. Comment on the effect on the thermal efficiency of the plant, and...
-
A balloon filled with helium gas is cooled from 25 C to -25 C. State the change in each of the following: (a) Kinetic energy of the gas (b) Motion of helium atoms.
-
What does non-recourse financing mean?
-
Compared to their levels in 2003, the poverty line has __________ and the minimum hourly wage has ______. a) gone up, gone up b) stayed the same, stayed the same c) gone up, stayed the same d) stayed...
-
On June 1, Chetney Company Ltd. borrows $60,000 from First Bank on a 6-onth, $60,000, 8% note. The note matures on December 1. Instructions (a) Prepare the entry on June 1. (b) Prepare the adjusting...
-
In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. 1. Duvall Company rings up sales and sales taxes separately on its cash...
-
During the month of March, Lavonis Companys employees earned wages of $64,000. Withholdings related to these wages were $4,896 for Social Security (FICA), $7,500 for federal income tax, $3,100 for...
-
Sales quantity Sales Direct material Direct labor Manufacturing overhead Selling and Admin. Expenses The total cost of goods sold is 1,000 $66.00 per unit $12.00 $4.00 $3.00 per unit $1,800 per month...
-
Let R denote the region in the xy-plane that lies in the first quadrant and is bounded by the lines y = 1 - x, y = 2 - x, y = x + 1, and y = x - 1. Set u=x+y and v = y-x. (a) Solve for x and y in...
-
Reply to The culture established by Mr. Kelleher places importance on employee happiness, which directly influences customer satisfaction and overall organizational achievements. To maintain this...
Study smarter with the SolutionInn App