The set of items below was identified in preparing a bank reconciliation for Mars Corp, as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The set of items below was identified in preparing a bank reconciliation for Mars Corp, as of August 31, 2017. Bank statement balance $19,500 Mars's book balance (before adjustments) Outstanding checks 2,700 Customer's NSF check 350 Service charges 100 Deposit in transit 1,000 Interest earmed on checking account 60 Mars Corp.'s balance per books before the reconciliation is Oa. $17410. Оb. S17900. Oc. S18 190. Od. $18,310. The set of items below was identified in preparing a bank reconciliation for Mars Corp, as of August 31, 2017. Bank statement balance $19,500 Mars's book balance (before adjustments) Outstanding checks 2,700 Customer's NSF check 350 Service charges 100 Deposit in transit 1,000 Interest earmed on checking account 60 Mars Corp.'s balance per books before the reconciliation is Oa. $17410. Оb. S17900. Oc. S18 190. Od. $18,310.
Expert Answer:
Answer rating: 100% (QA)
Answer 18190 is the right answer Balance as per bank statement of Mars corp as on aug 312017 19500 I... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
Students also viewed these accounting questions
-
Assume that a company is preparing a bank reconciliation for the month of June. It reconciles the bank balance and the book balance to the correct balance. For each of the following items, indicate...
-
Henri Heinzl is preparing a bank reconciliation for his business, Heinzl Company. Required: Indicate whether each of the following items would be added to the bank balance, deducted from the bank...
-
Henri Heinz is preparing a bank reconciliation for his business, Heinz Company. Indicate whether each of the following items would be added to the bank balance, deducted from the bank balance, added...
-
The table below gives the marginal abatement costs of three polluting firms in an industry. The industry is regulated with an emission tax of $9. Emissions. (tons/week) 10 9 8 7 6 5 4 3 2 1 0...
-
By means of an example, show that Xn X if and only if, for every {n'}( {n}, there exists a further subsequence {n''} ( {n'} such that Xn''X and any two limiting r.v.s are a.s. equal. a.s
-
Castle Leasing Corporation, which uses IFRS, signs a lease agreement on January 1, 2023, to lease electronic equipment to Wai Corporation, which also uses IFRS. The term of the non-cancellable lease...
-
An electric cell has the following chemical reaction \[\mathrm{Zn}(\mathrm{s})+2 \mathrm{AgCl}(\mathrm{s})=\mathrm{ZnCl}_{2}+2 \mathrm{Ag}(\mathrm{s})\] and produces an emf of \(1.005 \mathrm{~V}\)...
-
Data for Levine Inc. are given in E. In E, Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at...
-
For each of the following, state whether the expense is discretionary, non-discretionary fixed, or non-discretionary variable. a) Karl has a bill for $120 for fixing the water heater. b) Freida pays...
-
The first step toward utilizing paleomagnetic data is to infer the direction (polarity) of the magnetic field at the time that rocks of various ages were forming at a particular site. Unfortunately,...
-
Leonardo wants to deposit money each year for the next five years and each deposit to have $40,000 in real dollars currently and the inflation rate is 3% per year and the nominal interest rate is...
-
A particle has 5 0 . 6 j of total potential energy and is moving at 2 . 3 4 x 1 0 4 m / s at some initial time. 2 1 . 5 J of work is done on the particle and at a later time has 1 3 4 j of total...
-
The following information is for Crocodile Dundee: Item Quantity Cost 1 1 $17.70 2 10.80 72.00 4.80 12.00 48.00 5 Net Realizable Replacement NRV Minus Cost Normal Profit Value $24.60 $18.00 8.28 9.30...
-
4. 5. Run the power method on the matrix A = 2 3 -8 -4 3 (a) Run the power method using initial vector v = = [ 1 1] and .01. What eigenvalue and eigenvector are found, and on what iteration? (b) List...
-
Total Project Commissioning process is a project delivery method. The process can add paperwork, time and additional cost to each of the project team members, but is nevertheless very useful engages...
-
To what extent do post-colonial theories offer a valuable lens for examining the persistent legacies of colonialism and their impact on contemporary social structures, identities, and power dynamics?"
-
Windu Enterprises uses a manufacturing process that is very labor intensive to manufacture its multicolored laser vegetable slicers. Windu is considering a change to a more automated manufacturing...
-
Solve each problem. Find the coordinates of the points of intersection of the line y = 2 and the circle with center at (4, 5) and radius 4.
-
You are the controller for Georgetown Company. At the end of its first year of operations, the company is experiencing cash flow problems. The following information has been accumulated during the...
-
How would you evaluate the following statement: A note payable with an original maturity of five years will be classified on the balance sheet as a long-term liability until it matures?
-
What are some of the most important provisions in the Sarbanes-Oxley Act?
-
A Enter up a columnar purchases day book with columns for the various expenses for F. Graham for the month from the following information on credit items. 2016 June Bought goods from J. Syme 4 Bought...
-
Enter up the relevant accounts in the purchases and general ledgers from the columnar purchases day book you completed for Review Question 20.4A. Data From Review Question 20.4A 20.4A Enter up a...
-
Why do you think this development occurred?
Study smarter with the SolutionInn App