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: 85% (7 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.
-
6 C Use a Periodic Table of Elements to fill in the chart below, noting any and all trends in the student notes section provided. 3 Li Lithium Carbon 10 30 Zn Ne Neon Zinc 20 65 12 3 protons 4...
-
Describe how you think history is repeating itself in todays healthcare system.
-
Suppose that Bigco is currently trading for $100 per share. We know that in one year Bigco stock will sell for either $150 per share (good day) or for $75 per share (bad day). No other prices are...
-
Let p be the statement "Bob has a corgi", q be the statement "Bob is not busy", and r be the statement "Bob needs to clean his apartment." a) Translate the following statement into English: (p^q) r...
-
Beauville Furniture Corporation produces sofas, recliners, and lounge chairs. Beauville is located in a medium-sized community in the southeastern part of the United States. It is a major employer in...
-
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...
-
Find the dimensions of the rectangle having the greatest possible area that can be inscribed in the ellipse b2x2 + a2y2 = a2b2. Assume that the sides of the rectangle are parallel to the axes of the...
-
Compute the two-year nominal interest rate using the exact formula and the approximation formula for each set of assumptions listed in parts a through \(c\). a. \(i_{t}=2 \% ; i_{t+1}^{e}=3 \%\) b....
-
The present value of an infinite stream of dollar payments of \(\$ z\) (that starts next year) is \(\$ z / i\) when the nominal interest rate, \(i\), is constant. This formula gives the price of a...
-
Comparing the recessions of 2000 and 2008. One very easy to use source of data is the FRED database. The series that measures real GDP is GDPC1, real GDP in each quarter of the year expressed at a...
-
IBM has long been one of the worlds foremost information technology enterprises, with a storied history of making information processing hardware and software and building a world-class business in...
-
Calculate the time of concentration of the watershed where the length of the main river is 3,000 m and the average slope is 0. 02. If the curve number is estimated at 80, use the SCS equation for...
-
The CEO of X Corp. believes that the primary responsibility of the corporation is to increase profits for its shareholders. This CEO adopts: a. A narrow view of CSR. b. A moderate view of CSR. c. A...
-
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...
-
LaToya Limmons is the manager of the Human Resources (HR) department and Javier Jartin is the manager of the sales department for a production company headquartered in the United States but also has...
-
The beam AD is fixed to a rigid wall at A and is supported by props at B and C as shown in figure 1. In sections AB and BC, the flexural rigidity is EI, but in section CD the flexural rigidity is...
-
What is the meaning of 'framing' and how does it impact the way we negotiate? (Your own opinion)
Study smarter with the SolutionInn App