The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of
Question:
The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of the deposit. Should this be of concern? Why, or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The bank reconciliation revealed that one deposit had clea...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Why are adjusting entries made after the bank reconciliation is completed? Give an example of an item on a bank reconciliation which requires an adjusting entry.
-
After reading this chapter, it should be fairly obvious why an IS professional should be able to make a business case for a given system. Why, however, is it just as important for non-IS...
-
After preparing the SWITZER Ltd. bank reconciliation in exercise S4-5, make the company's journal entries for transactions that arise from the bank reconciliation. Include an explanation with each...
-
Write a well-developed paragraph that compares/contrasts a character from Good Country People with a character from Seventeen Syllables.
-
The Federal Reserve System was created by the Federal Reserve Act, passed by Congress in 1913, and began operations in 1914. Like all central banks, the Fed is a government agency. Which of the...
-
The Metro Central Railroad is a commuter railroad that stops at the Village of Katonah. Katonah, a growing community, decides to construct and operate a parking lot near the railroad station to...
-
Based on Exhibit 1 and the risk aversion coefficient, the preferred asset allocation for Perkins is: A. Asset Allocation A. B. Asset Allocation B. C. Asset Allocation C. Investment adviser Carl...
-
Dental Associates, Inc., is currently operating at less than capacity. The company thinks it could cut costs by outsourcing dental cleaning to an independent dental hygienist for $50 per cleaning....
-
Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 10 years remaining to maturity, and have a required rate of return...
-
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for...
-
Which of the following transactions will require a journal entry? Indicate if it will be a debit or a credit, and to which account the entry will be recorded. Transaction Overcharge by Bank (Error)...
-
Which of the following transactions will require a journal entry? Indicate if it will be a debit or a credit and to what account the entry will be recorded. Transaction Outstanding check Interest...
-
In Quality Engineering (Vol. 25, 2013), statisticians at Minitab, Inc., applied control chart methodology to monitor the time between discharges of male patients with hospital-acquired urinary tract...
-
6. From the moment a 40 m/s fastball touches the catchers mitt to the time it stops is 0.012 secs. Calculate the acceleration. A Pullma 7
-
The current, I, in amperes, that flows through a coil of wire is found by dividing 110 by the resistance of the wire, R, in ohms. Using the function for this, find the current through a coil of wire...
-
Four particles of mass m, each are inside a three dimensional rectangular box of sides a, a, 2a. If each state obtained from the solution of the Schrdinger equation is occupied by only one particle,...
-
6. The bacterium Escherichia coli (or E. coli) is a single-celled organism that lives in the gut of healthy humans and animals. Its body shape can be modeled as a 2 m long cylinder with a 1 m...
-
In this problem we consider binary trees, represented by pointer data structures. A binary tree is either an empty tree or a node (called the root) made of a single integer value and two further...
-
Are any of the ecosystems services provided by all of the listed ecosystems? If yes, identify. How does each ecosystem contribute to pollution control?
-
Which, if any, of the dichloroethene molecules drawn in Data Table II (3.) (4.) and (5.) are geometric isomers? A. B. C. D. cis-1,2-dichloroethene and trans-1,2-dichloroethene...
-
Simultaneous equations make sense in cross-sectional as well as time-series applications. For example, James Ragan examined the effects of unemployment insurance (hereafter UI) eligibility standards...
-
Calculating VIFs typically involves running sets of auxiliary regressions, one regression for each independent variable in an equation. To get practice with this procedure, calculate the following:...
-
Most estates are not subject to the federal estate tax. a. Why is this the case? b. Do you believe most estates should be subject to the federal estate tax?
-
1. Why do you think people are so motivated to come up with attributions for behavior? 2. Can you think of a situation when you have committed the error of over attribution with someone? What...
-
The three types of face needsfellowship face, competence face, autonomy facewhich is the most important to you? Under what circumstances do the others become more important? Can you think of a...
-
The assignment is pertinent history questions for a patient. What would you ask someone as necessary background questions when you first meet/assess them? Write 5 of the most important general...
Study smarter with the SolutionInn App