Question: given the following information... Problem B (25 points) Given the following information, a) determine the adjusted cash balance per books and, b) prepare the journal

given the following information...

Problem B (25 points) Given the following information, a) determine the adjusted cash balance per books and, b) prepare the journal entries required; Balance per books as of June 30 Outstanding checks NSF check returned with bank statement Deposit mailed the afternoon of June 30 Check printing charges Interest earned on checking account $8,800 $600 $130 $300 $30 $40

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!

You are given the following information for River Adventures Company: The adjusted cash balance per bank agreed with the cash balance per books at April 30, 2014. The May bank statement showed the...

Prepare bank reconciliation and related entries. (LO 4) AP You are given the following information for River Adventures Company: RIVER ADVENTURES COMPANY Bank Reconciliation April 30, 2017 Cash...

P7.10B (LO 4) AP You are given the following information for River Adventures Company: RIVER ADVENTURES COMPANY Bank Reconciliation April 30, 2021 Cash balance per bank Add: Deposits in transit...

please answer this two question From the information presented below, determine the adjusted cash balance per books from the following information: a Balance per books as of June 30, $8,600. b. NSF...

FINANCIAL ACCOUNTING AND REPORTING 1. On December 1, Ken Company established an imprest petty cash fund of P10,000 by writing a check drawn against its general checking account. On December 31, the...

View Policies Current Attempt in Progress In its income statement for the year ended December 31, 2022, Marigold Corp. reported the following condensed data. Salaries and wages expenses Cost of goods...

7-1 PROBLEMS $7,152.09. However, the financial department showed the balance of cash as $18 The Sapphire Co. received its June 30, bank statement which showed a cash balan An investigation of the...

No need explanation. Just want to check my answer. Question 13 (2 points) Outstanding checks: OA) have been returned to the business for nonpayment. OB) have been deducted from the bank balance but...

Problem Prepare a bank reconciliation using the following information from Miles Company on October 31, 2014. Cash balance per books (company) Cash balance per bank $5,697.00 $6,695.80 The following...

what is the correct answer 15) Determine the adjusted cash balance per bank for Egg Packaging on April 30, from the following information: Cash balance on the bank statement 52 410 Customer's cheque...

Use Lewis symbols to show the reaction of atoms to form hydrogen selenide, H2Se. Indicate bonding pairs and lone pairs in the electron-dot formula of this compound.

Two kilograms of water at 20C are heated at a constant pressure of 100 kPa until the water is saturated steam. The work is nearest: (A) 190 kJ (B) 280 kJ (C) 320 kJ (D) 340 kJ

12.18 APPLET The effect of increased variation within groups. The One-Way ANOVA applet lets you see how the F statistic and the P-value depend on the variability of the data within groups and the...

What is the first step in the Marketing Planning Process ? Research and analyze the current situation Develop the marketing strategy Plan metrics and implementation control Segment markets and...

=+1. Why do firms exist? What value do businesses serve for society?

3 What, if any, changes in the amount and processes of participation are desirable?

2 What participation techniques are used?