The May 31, 2012, balance per bank statement for Upton Company was $7,200. The cash balance per
Question:
The May 31, 2012, balance per bank statement for Upton Company was $7,200. The cash balance per books was $9,500. Outstanding checks amounted to $800, and deposits in transit were $2,400. The bank statement contained an NSF check for $500, a service charge for $25, and a debit memo for direct payment of the telephone bill of $175.
Required:
Prepare a bank reconciliation to determine the true cash balance at May 31, 2012.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (7 reviews)
Bank Reconciliation Statement Cash Balance as per bank statement 7...View the full answer
Answered By
Larlyu mosoti
I am a professional writer willing to do several tasks free from plagiarism, grammatical errors and submit them in time. I love to do academic writing and client satisfaction is my priority. I am skilled in writing formats APA, MLA, Chicago, and Harvard I am a statistics scientist and I can help out in analyzing your data. I am okay with SPSS, EVIEWS, MS excel, and STATA data analyzing tools.
Statistical techniques: I can do linear regression, time series analysis, logistic regression, and some basic statistical calculations like probability distributions. . I'm ready for your working projects!
Services I would offer:
• Academic writing.
• Article writing.
• Data entry.
• PDF conversion.
• Word conversion
• Proofreading.
• Rewriting.
• Data analyzing.
The best reason to hire me:
- Professional and Unique work in writing.
- 100% satisfaction Guaranteed
- within required time Express delivery
- My work is plagiarism Free
- Great communication
My passion is to write vibrantly with dedication. I am loyal and confident to give my support to every client. Because Client satisfaction is much more important to me than the payment amount. A healthy client-contractor relationship benefits in the longer term. Simply inbox me if you want clean work.
5.00+
3+ Reviews
10+ Question Solved
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
Question Posted:
Students also viewed these Managerial Accounting questions
-
Prepare a bank reconciliation from the following information: a. Balance per bank statement as of May 31, $17,755.44 b. Balance per books as of May 31, $12, 211.94 c. Deposits in transit, $2,254.81...
-
Bank Reconciliation The records of Green & White Corporation show the following bank statement information for October: a. Balance per Bank Statement, October 31, 2012, $62,000. b. The bank account...
-
When the accountant of Trillo Company prepared the bank reconciliation on May 31, 2017, there were three outstanding cheques: #690 for $307, #693 for $179, and #694 for $264. There were no deposits...
-
Examples using activity-based costing generally show that traditional costing systems ________ high-volume, less complex products and ________ low-volume, complex products undercost; overcost...
-
A Plane passes through the three points (x, y, z) = (1, 0, 0), (0, 2, 0), (0, 0, 3). (a) Find a unit vector perpendicular to the plane. (b) Find the distance from the point (1, 1, 1) to the closest...
-
Show how to do qualitative measurements: Reuse, complexity, and coupling between classes for trust SAP.
-
Describe briefly how a schlieren optical visualization system (Fig. 11.4) works. How else might density changes in a fluid flow be made visible to the eye? Fig. 11.4 Shock wave Flow Airfoil
-
Ogundipe Company manufactures a plastic toy cell phone. The following standards have been established for the toys materials and labor inputs: During the first week of July, the company had the...
-
The table below shows the monthly sales for Sunny Beach Co . 4 0 % of sales are for cash and 6 0 % are on credit. The company collects on its credit sales as follows: 2 / 3 of credit sales are...
-
Tameka wants you to consider a hybrid aggregate plan, using up to the maximum overtime per employee for any period where demand cannot be satisfied with the current regular-time production and the...
-
Hunter-gatherer Ltd produces Widgets. The table below shows the budget and actual units sold together with standard costs and actual costs for materials and labour used in the manufacture of Widgets....
-
Six guys are to be assigned to five jobs, one guy per job (one guy will not get an assignment). Our goal is to assign jobs such that the total time is minimized. The following table gives the time in...
-
The shape of an active starburst galaxy tends to be (a) elliptical. (b) spiral. (c) irregular. (d) all of these
-
3. Six people play a game where each player is supposed to have the same probability of winning as the others. However, Player #1 wins three times in a row. Using a 95% confidence level, should the...
-
Analyzing threat and hazard information enables the planning team to: A. Identify capabilities needed to manage associated risks. B. Establish triggers for requesting assistance. C. Focus planning...
-
In this lab, we will be exploring ggplot. For all questions, please put appropriate labels and titles. It is good practice to get in the habit of this since you will be presenting ideas through...
-
Consider an automobile manufacturing plant where the rate at which the plant uses power-lock mechanisms (an automobile component) is stochastic and normally distributed, with a mean of 192 per day (8...
-
12:32 HW1_4ffedfa90de418295ba0bc63... 1 of 4 College of Engineering and Applied Sciences Instructor: Arshad CSIS 130-Computer Programming II Fall 2023 HW 1 Due: Sunday 8 October 2023,9 AM HW...
-
Suppose in 2022 that Campbell Soup Company reported average total assets of $6,265 million, net sales of $7,586 million, and net income of $736 million. What was Campbell Soups return on assets?
-
Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report a Capital Project Fund in one year but not the...
-
An elderly lady decided to distribute most of her considerable wealth to charity and to retain for herself only enough money to provide for her living. She feels that $1000 a month will amply provide...
-
What amount of money deposited 50 years ago at 8% interest would provide a perpetual payment of $10,000 a year beginning this year?
-
A depositor puts $25,000 in a savings account that pays 5% interest, compounded semiannually. Equal annual withdrawals are to be made from the account, beginning one year from now and continuing...
-
Why is compassion and empathy valuable traits to have as a leader ?
-
what leadership development activities are most likely to be successful for the TRS society
-
As a support services worker, you may be tasked with not only assisting your assigned client but also the members of the community in which your client will reside. You will also be a part of case...
Study smarter with the SolutionInn App