Question: =+PE 8-2B Items on companys bank statement obj. 4 EE 8-2 p. 366 Practice Exercises The following data were gathered to use in reconciling the

=+PE 8-2B Items on company’s bank statement obj. 4 EE 8-2 p. 366 Practice Exercises The following data were gathered to use in reconciling the bank account of East Meets West Company:

Balance per bank $19,340 Balance per company records 6,480 Bank service charges 50 Deposit in transit 2,500 Note collected by bank with $250 interest 8,250 Outstanding checks 7,160

a. What is the adjusted balance on the bank reconciliation?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Public Accounting Questions!

The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed payment of $13,000, and that Gary and Prudence will share the remaining profits or losses in a...

I need problem E14-11 solved on page 714 of the document attached. JWCL165_c14_674-725.qxd 8/16/09 7:46 AM Page 674 14 Financial Statement Analysis Chapter STUDY OBJECTIVES After studying this...

Hello, I need help with exercise E14-3 in the attached file. (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis...

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

Select any two topics and a summary on those two topics and pages are 3 to 4 Fraud, Internal Control, and Cash 8 CHAPTER PREVIEW FEATURE STORY As the Feature Story about recording cash sales at...

Please I need help PE 8-3A Bank reconciliation Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks $14,385 11,200 60 2,125 1,480 6,850 a. What is the...

Q1-Explain how the EBIT Chart works (inputs determining the outputs-the two lines on the chart Case Leahy Bread Company (LBC) in Cohen Finance Workbook, page 111( a 'caselette') SEE THE IS/BS MODEL &...

8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to...

True/False Indicate whether the statement is true or false Safeguarding inventory and proper reporting of the inventory in the books are the reasons for controlling the inventory I. 2. An accounting...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Case 9-2 Continental A.G. Write a report of approximately 750 words that addresses the following points: Examine Continental?s financial statements for unusual accounting practices that may have a...

Great Lakes Automotive is considering producing, in-house, a gear assembly that it currently purchases from Delta Supply for $6 per unit. Great Lakes estimates that if it chooses to manufacture the...

You will be designing a class that will represent the seatingchart for a theater like the EKU Center for the Arts during theCOVID-19 Pandemic. The class contains a two-dimensional doublearray and a...

Information systems belinger edition 4 has many types of e - business types. The book concentrates on four types. What are they?

Poignant is a word derived from the Latin word pungere, which means prick, pierce, or sting. Determine whether the following are demonstrative definitions, enumerative definitions, definitions by...

The comparative balance sheet of Tru-Built Construction Inc. for December 31, 2010 and 2009, is as follows: The following additional information is taken from the records: a. Land was sold for $25....

The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2010 and 2009, is shown as follows: The following additional information was taken from the records: a. The investments...

The comparative balance sheet of Amelia Enterprises, Inc. at December 31, 2010 and 2009, is as follows: Additional data obtained from the income statement and from an examination of the accounts in...

Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 45,000 passenger car tires and 14,000 truck tires. Rubber and steel belts are used in producing passenger car and...

Tyryx Assignment 2 (Question 5) Question 5 [20 points] The accounts in the lodger of NorthCo contain the folowing balances on September 30, 2014 Assuming a balances are a determine the mosing balance...

The statement of partners' equity shows each partner's beginning capital balance, additional investments, allocated income or loss, withdrawals, and ending capital balance. True or False True False