Using the following information: a. The bank statement balance is $2,648. b. The cash account balance...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Using the following information: a. The bank statement balance is $2,648. b. The cash account balance is $3,012. c. Outstanding checks amounted to $663. d. Deposits in transit are $874. e. The bank service charge is $144. f. A check for $48 for supplies was recorded as $39 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance Using the following information: a. The bank statement balance is $2,648. b. The cash account balance is $3,012. c. Outstanding checks amounted to $663. d. Deposits in transit are $874. e. The bank service charge is $144. f. A check for $48 for supplies was recorded as $39 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance
Expert Answer:
Answer rating: 100% (QA)
Miller Co Bank Reconciliation Aug31 Cash balance according to bank stat... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
-
Using the following information for Gold Star National Bank, calculate that banks ratios of Tier 1 capital-to-risk-weighted assets and total-capital-to-risk-weighted assets. Does the bank have...
-
Using the following information about McAuliff e Company, decide whether you would want to loan money to thecompany. 2010 2011 2012 $1,295 (2,023) (1,450) 5,300 Net income. Cash provided by lused in)...
-
If the protein produced full length antibody, what would be the next step after centrifugation?
-
The December 31, 2014, balances in retained earnings and additional paid-in capital for Railway Shippers Company are $135,000 and $50,000, respectively. Five thousand $10 par value common shares are...
-
Entity G is a retailer of Italian furniture and has five major product lines: sofas, dining tables, beds, closets, and lounge chairs. As at 30 June 2010, quantity on hand, cost per unit, and NRV per...
-
Cite and discuss examples of a close under each of: summarise and ask for order, alternative choice, concession close, objection close.
-
A general property of the EOQ inventory model is that total inventory holding and total ordering costs are equal at the optimal solution. Use the data in Problem 1 to show that this result is true....
-
Using the following Information prepare a bank reconciliation: Bank Balance: Book Balance : Deposit in Transit: Outstanding Checks: Interest Income: NSF Check: What is the adjusted book balance? What...
-
Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a small office where she employs one administrative assistant. The following activities...
-
Terrific Tutoring has the following transactions in the month of November 2023: Paid $7,500 for supplies. Terri Lopez made an additional investment in Terrific Tutoring in exchange for common stock...
-
what extent does the rise of digital communication and social media alter traditional notions of community and social interaction, and what are the potential effects on individual mental health,...
-
Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Percent of Per Unit Sales $ 125 80 100% 64 $ 45 36% Fixed expenses are $85,000 per month and the...
-
In an annual audit of Monty Company Limited, you find that a physical inventory count on December 31, 2023, showed merchandise of $440,000. You also discover that the following items were excluded...
-
Tamarisk Company traded a used truck for a new truck. The used truck cost $43,800 and has accumulated depreciation of $39,420. The new truck is worth $54,020. Tamarisk also made a cash payment of...
-
Calculate the CVP investment? The following information is available for Wade Corp.: Total fixed Sales $580,000 $150,000 expenses Cost of goods Total variable 390,000 360,000 sold expenses
-
We are given an array A with 2n + 1 distinct elements. Suppose that we are using the randomized selection algorithm to find the median. In a worst-case scenario of this algorithm, the median is found...
-
What is the amount of total interest dollars earned on a $5,000 deposit earning 6% for 20 years?
-
The following information is available for Mosquito Hollow Corp. for 2010. Cash used to purchase treasury stock ...........$ 57,300 Cash dividends paid ......................21,800 Cash paid for...
-
Diana Kuhlmann started her own consulting firm, Kuhlmann Consulting Inc., on May 1, 2010. The following transactions occurred during the month of May. May 1 Stockholders invested $15,000 cash in the...
-
Rondelli Companys internal controls over cash disbursements provide for the treasurer to sign checks imprinted by a checkwriter after comparing the check with the approved invoice. Identify the...
-
What is meant by the term "active listening"?
-
What does the term "unauthorized practice of law" mean, and how does it limit your relationship with a client?
-
Why is it important to pay attention to cultural differences when interviewing a client?
Study smarter with the SolutionInn App