The following bank reconciliation statement for Mona Company for the month ended on November 30 2018:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following bank reconciliation statement for Mona Company for the month ended on November 30 2018: Required: 1- Compute the missing amount (The Balance per cash Book). (1 Point) Mona Company Bank Reconciliation Statement for the month ended July.31,2016. Balance per Bank Statement Add: Deposit in transit 18250 7750 26,000 Less: Outstanding Checks Adjusted Balance per Bank Statement 2,500 23,500 Balance per Cash Book Add: Collected of Notes Receivable/ Interest Eamed/ 6,000 650 25,750 Less: NSF Checks/ Bank Services Charge/ 1,900 350 2,250 Adjusted Balance per Cash Book 23,500 The value must be a number The following bank reconciliation statement for Mona Company for the month ended on November 30 2018: Required: 1- Compute the missing amount (The Balance per cash Book). (1 Point) Mona Company Bank Reconciliation Statement for the month ended July.31,2016. Balance per Bank Statement Add: Deposit in transit 18250 7750 26,000 Less: Outstanding Checks Adjusted Balance per Bank Statement 2,500 23,500 Balance per Cash Book Add: Collected of Notes Receivable/ Interest Eamed/ 6,000 650 25,750 Less: NSF Checks/ Bank Services Charge/ 1,900 350 2,250 Adjusted Balance per Cash Book 23,500 The value must be a number
Expert Answer:
Answer rating: 100% (QA)
Bank Reconcilation statement BAlance as per bank statement 18250 Add Depos... View the full answer
Related Book For
Corporate Financial Accounting
ISBN: 978-1305653535
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
Students also viewed these accounting questions
-
The accountant at Maslmani co. prepared the following bank reconciliation at the end of August 2020. Maslmani Co. Bank reconciliation August.31.2020 Cash balance per bank $15,260 Add: Deposit in...
-
The following bank reconciliation was prepared as of June 30, 20Y7: A. Identify the errors in the bank reconciliation. B. Prepare a corrected bank reconciliation. Poway Co. Bank Reconciliation For...
-
Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation falls upon you. Required 1....
-
In Exercises 1126, determine whether each equation defines y as a function of x. 4x = y 2
-
Redstone Clayworks, Inc., a small firm located in Sedona, manufactures clay fire pits that homeowners place on their patios for decoration and light-duty heating. Red-stone is one of 53 firms...
-
Ms. Tanner has just graduated from the University of Edmonton. She owed approximately $67,000 in student loans. She has 10 years to pay off her student loans, starting one year from now. The interest...
-
What are the two biggest challenges associated with using big data?
-
Rancho Foods deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of May 31 have been taken from...
-
SQL Server has different security models for users connecting to a database. The DBA has the ability to use a SQL Server login or a Windows login. The Windows login can be a user or a group with...
-
The horizontal pipe shown in Fig. 14.45 has a cross-sectional area of 40.0 cm3 at the wider portions and 10.0 cm2 at the constriction. Water is Hawing in the pipe, and the discharge from the pipe is...
-
11. Which of the following problems can't be solved using recursion? A) Factorial of a number B) Nth fibonacci number C) Length of a string D) Problems without base case Ans: 12. Which of the...
-
An explosion in an LNG storage tank in the process of being repaired could have occurred as the result of static electricity, malfunctioning electrical equipment, an open flame in contact with the...
-
Analyze the methanol oxidation data in Table B. 20 for multicollinearity. x1 X2 X3 X4 xs 0 454 8.8 3.90 1.30 1.1 474 8.2 3.68 1.16 4.2 524 7.0 2.78 1.25 94.2 503 7.4 2.27 1.57 20.7 493 7.6 2.40 1.55...
-
Consider the methanol oxidation data in Table B.20. Perform a thorough analysis of these data. What conclusions do you draw from this residual analysis? x x2 X3 X4 0 454 8.8 3.90 1.30 1.1 0 474 8.2...
-
Show that the intercept term, \(b_{0}\), can be expressed as a weighted sum of the dependent variables. That is, show that \(b_{0}=\sum_{i=1}^{n} w_{i, 0} y_{i}\). Further, express the weights in...
-
Use technology to find the regression line to predict $Y$ from $X$. $X$ 2 4 6 8 10 12 $Y$ 50 58 55 61 69 68
-
Why did French and Dutch settlers seek peaceful relations with local Indians? O a. French and Dutch settlers held it as their duty to spread democracy to the native inhabitants of North America. O b....
-
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...
-
On August 1, 2018, Brooke Kline established Western Realty. Brooke completed the following $39,750 transactions during the month of August: A. Opened a business bank account with a deposit of $35,000...
-
List the errors you find in the following partial balance sheet: Burnt Red Company Balance Sheet December 31, 20Y2 Assets Total current assets $350,000 Replacement Accumulated Book Depreciation Value...
-
The scries of five transactions, A through E, recorded in the following T accounts were related to a sale to a customer on account and the receipt of the amount owed. Briefly describe each...
-
Discuss the approach you would take to building a system for playing Scrabble or another word game of the sort. What limitations does your system have? How likely do you think it is that your system...
-
Discuss the current state of the art of game-playing computer systems in relation to the following games: chess, checkers, Go, bridge, Othello, tic-tac-toe. What advances are likely in the near...
-
What problems did the developers of Chinook face? What new techniques did they add to simple Minimax with alpha-beta pruning? Would these techniques extend well to other games?
Study smarter with the SolutionInn App