The following data were gathered to use in reconciling the bank account of DRW Company. Balance per
Question:
Balance per bank ................. $28,100
Balance per company records ............ 9,155
Bank service charges .............. 80
Deposit in transit ................. 3,100
Note collected by bank with $225 interest ...... 15,225
Outstanding checks ............... 6,900
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for DRW Company based upon the bank reconciliation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a 24300 as shown below Bank section of reconcili...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Cost Accounting questions
-
The following data were gathered to use in reconciling the bank account of Cards Company. Balance per bank ............ $9,200 Balance per company records ....... 9,335 Bank service charges...
-
The following data were gathered to use in reconciling the bank account of Eves Company: Balance per bank ............................................... $18,250 Balance per company records...
-
The following data were gathered to use in reconciling the bank account of Eves Company: Balance per bank ............................... $9,350 Balance per company records .................. 8,510...
-
Students will present a draft IMC strategy for a start-up company and be asked to analyze its potential effectiveness, identifying gaps and making recommendations for improvement of the strategy....
-
Why is it important for a firm to maintain a satisfactory credit rating?
-
Two rods are identical in all respects except one: one rod is made from aluminum and the other from tungsten. The rods are joined end to end, in order to make a single rod that is twice as long as...
-
Prove that the order of convergence of the Crank-Nicolson finite difference method is \[O\left(\Delta x^{2}+\left(\frac{\Delta t}{2} ight)^{2} ight)\]
-
Kahn has just completed a review of its job- costing system. This review included a detailed analysis of how past jobs used the firm's resources and interviews with personnel about what factors drive...
-
Suppose Union University has spent $10,000 on an option to purchase land for new dormitories at a price of $100,000. Also assume that it is later offered an equally attractive site for $95,000. What...
-
0.0613 kg of biphenyl (C12H10) is dissolve in benzene (CsH6) to create a solution with a total volume of 350.0 mL. (Assume the change in volume is negligible) If the vapor pressure of pure benzene is...
-
The following items may appear on a bank statement: 1. Service charge 2. Note collected for depositor 3. Bank correction of an error from recording a $2,100 deposit as $1,200 4. EFT payment Using the...
-
Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $600. b. The amount of cash in the petty cash fund is $175. Issued a check to replenish the...
-
What are the four major types of markets in micro-economic analysis? What are the key characteristics that distinguish these markets?
-
Experience a portion of any sporting event via Internet broadcast. What did you enjoy the most about this experience, and what could be done to improve this technology?
-
In 2017, GDP in Switzerland was $680 billion and GDP in the United States was $19.5 trillion. Does this indicate that the standard of living in Switzerland must be well below that of the United...
-
Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the relevant component of GDP (C, I, G, or NX). a. Michelin sells tires to...
-
Interview five international students and discuss the core values used by sports marketers in their culture. Do these values differ from the core American values? For example, do the British value...
-
Determine whether each of the following events will result in a movement along the market supply curve for labor in the fast-food industry or whether it will cause the market supply curve for labor...
-
Answer the following questions after examining your state code. Also check state court opinions of your state if you cannot find an answer in the code. a. What standards will a court use in awarding...
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
Fred Pomeroy was an assistant traffic manager for the New York Central and Hudson River Railroad Company. In that capacity, he handed out rebates to the American Sugar Refining Company in New York...
-
What is working capital? How does working capital relate to the operating cycle?
-
What is working capital? How does working capital relate to the operating cycle?
-
What is working capital? How does working capital relate to the operating cycle?
-
Every culture is different. According to Hofstede, much of this variability can be accounted for by six cross-cultural values. Briefly describe them and indicate how each of these values may impact...
-
In this exercise, identify the types of questions you'll need to be answered in order to help you plan a successful venture. Here's the situation: You have an idea for a new business. It's a high-end...
-
We are introducing a survey to test a small group in order to see if online expansion would be beneficial for MESA productions (a corrosion control company). Currently it is hard to find their...
Study smarter with the SolutionInn App