Question: Bank Reconciliation Accounting Question - confusing Jade Ltd. is preparing its August bank reconciliation. The bookkeeper has identified the following information: 1. $12,000 as the

Bank Reconciliation Accounting Question - confusing

Jade Ltd. is preparing its August bank reconciliation. The bookkeeper has identified the following information: 1. $12,000 as the cash balance per books, August 31 2. $5,800 in total outstanding cheques 3. $5,000 in total deposits in transit 4. $1,700 in total NSF cheques 5. $50 in total bank charges 6. $1,000 in E-transfer from a customer What is the adjusted cash balance per books at August 31? a) $12,200 b) $11,250 c) $11,200 d) $12,800 e) $10,450

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 Accounting Questions!

Question 1 . H ltd is preparing its budget for the second quarter. The following information is available June July August September K000 K000 K000 K000 Sales 12,500 13,600 17,000 16,800 Direct...

No sufficient fund checks in the amount of P5,000 was returned by the bank and redeposited by the company during December. No entry was made on the books for the return or redeposit. Prepare a proof...

Waterway, Inc. had the following bank reconciliation at March 31, 2020: $38600 Balance per bank statement, 3/31/20 Add: Deposit in transit 6390 44990 Less: Outstanding checks 8700 Balance per books,...

Please help me find answers Problem t-llA Preparing a bank reconciliation and recording adjustments lg L06 CHECK FIGURE: 1. Adjusted book balance = $28,250 The following is information for Dundee...

-k Chapter 14 Part 1 uestion 1 of 5 Identify each statement as true or false. 1. 2. 3. Financial accounting focuses on providing information to internal users. Staff positions are directly involved...

PB5-2 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4, LO 5-5] Skip to question [The following information applies to the questions displayed below.] The...

Q1. 'Market,' as used in the phrase 'lower of cost or market' for valuing inventory, refers to the price at which the inventory is being offered for sale by its owner. a. true b. false Q2. The party...

(a) Calculate the cash balance per books at March 31, prior to reconciliation. Caash balance per books at March 31 $Type your answer here (b) what is the amount of the deposits in transit at march...

1. Bank overdrafts, if material, should be reported as a deduction from the current asset section. reported as a deduction from cash. netted against cash and a net cash amount reported. reported as a...

On 20. def. On March 12. and as the banks Ja wide when the following 1. A 10.2001 chemical recorded by the 700 2 ore de Man 2021 March 2004 bar. These che ad 2.600.net wry 21 teto 3700 od on the war...

Apply nodal analysis to find io and the power dissipated in each resistor in the circuit of Fig. 3.64. Figure 3.64 2 A 10 V 3 S to 6 S 5 S 4 A

Product mix, constrained resource. Taylor Furniture produces and sells specialty mattresses. Production is a machine-intensive process. Taylors variable costs are direct material costs, variable...

12. Write the Visual Basic code that swaps the values stored in the decLow and decHigh variables, but only if the value stored in the decHigh variable is less than the value stored in the decLow...

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

=+ a. Rewrite the production function for manufactured goods in terms of output per effective worker and capital per effective worker.

=+ d. In this economy, what is the steady-state growth rate of output per worker Y/L? How do the saving rate s and the fraction of the labor force in universities u affect this steadystate growth...

=+would you predict for the following variables? a. The rate of growth of total income b. The level of income per worker c. The real rental price of capital d. The real wage