S-F:7-9 Preparing a bank reconciliation Learning Objective 6 The Cash account of Simple Security Systems reported...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
S-F:7-9 Preparing a bank reconciliation Learning Objective 6 The Cash account of Simple Security Systems reported a balance of $2,470 at December 31, 2025. There were outstanding checks totaling $700 and a December 31 deposit in transit of $100. The bank statement, which came from Forest Cities Bank, listed the December 31 balance of $3,700. Included in the bank balance was a collection of $640 on account from Jarrett Ashlynn, a Simple Security Systems customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Simple Security Systems earned on its bank balance. Prepare Simple Security System's bank reconciliation at December 31. S-F:7-9 Preparing a bank reconciliation Learning Objective 6 The Cash account of Simple Security Systems reported a balance of $2,470 at December 31, 2025. There were outstanding checks totaling $700 and a December 31 deposit in transit of $100. The bank statement, which came from Forest Cities Bank, listed the December 31 balance of $3,700. Included in the bank balance was a collection of $640 on account from Jarrett Ashlynn, a Simple Security Systems customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Simple Security Systems earned on its bank balance. Prepare Simple Security System's bank reconciliation at December 31.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The specific activity of a preparation consisting of radioactive Co58 as and non-radioactive Co59 ao is equal to 2.2.1012 dis /(s g). The half-life of Co58 as is 71.3 days. Find the ratio of the mass...
-
Why might a manager accept a high-variance, low-value project instead of a low-variance, high-value project?
-
Under what conditions might a consumer find each type useful?
-
Figure 10-22 depicts the activities performed in the revenue cycle by the Newton Hardware Company. Required 1 Identify the weaknesses in Newton Hardwares revenue cycle. Explain the resulting threat...
-
The GNG Café, a new concept in on-campus dining features homemade bakery items, upscale sandwiches and wraps, fresh salads, and signature soups. The modern café-style design...
-
Jim Busby calls his broker to inquire about purchasing a bond of Disk Storage Systems. His broker quotes a price of $1,110. Jim is concerned that the bond might be overpriced based on the facts...
-
Westpac is Australia's first bank and oldest company, one of four major banking organizations in Australia and one of the largest banks in New Zealand. Established in 1817 as the Bank of New South...
-
QUESTION 3 Determine the lowest degree polynomial that corresponds to the following information: Degree: 6, zeros: x = 2 (multiplicity = 3); x = -1; x = 4 (multiplicity = 2) y-intercept: (0, -8) Use...
-
Critics have used the COVID-19 pandemic to point out weaknesses in JIT supply chains and to partially blame those weaknesses for hospitals struggling to get crucial supplies. Considering the...
-
A homeowner took out a 25-year fixed-rate mortgage of $185,000. The mortgage was taken out 8 years ago at a rate of 6.85 percent. If the homeowner refinances, the charges will be $3,150. What is the...
-
If log, 5 = 2, what is the value of x ?
-
Some bank robbers leave town, speeding at 7 1 mph . Nine minutes later, the police give chase, traveling at 8 0 mph . How long, after the robbery, will it take the police to overtake the robbers? (...
-
2. Draw the desired structures of products, give the necessary reagents or draw the required mechanism in each item below. 5 72 4 7 0= 6 9 8 11 12 10 143 16 18 Figure 1. Oleic acid HE 13 F4 15 17...
-
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
-
The stockholders' equity accounts of Raymund Corporation as of January 1 appear below: During the year, the following transactions occurred: June 7 Declared a 20 percent stock dividend; market value...
-
The stockholders' equity of Carly Corporation at January 1 follows: The following transactions, among others, occurred during the year: June 18 Declared a 70 percent stock dividend on all outstanding...
-
The stockholders' equity of Black Corporation at January 1 follows: The following transactions, among others, occurred during the year: Jan. 1 Announced a 4-for-1 common stock split, reducing the par...
Study smarter with the SolutionInn App