Question: When the bank statement is received on July 3, it shows a balance, before reconciliation, of $ 5,200 as of June 30. After reconciliation, the

When the bank statement is received on July 3, it shows a balance, before reconciliation, of $ 5,200 as of June 30. After reconciliation, the adjusted balance is $ 3,100. If one deposit in transit amounted to $ 1,200, what was the total of the outstanding checks assuming that no other adjustments would be made to the bank statement?

Step by Step Solution

★★★★★

3.23 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Bank Statement Balance 5200 Ad... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

339-B-A-P (403).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Balance as per the bank statement is $11,240. Balance as per books is $10,200. Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement. A deposit in transit of...

If book value of equity for $ company is 180000 JD and P shares in book value of equity is 144000 JD and P share in differences between implied value and book value is 6000 JD. Compute amount of NCI....

When the bank statement is received on July 3 , it shows a balance, before reconciliation, of $ 6 , 9 6 0 as of June 3 0 . After reconciliation, the adjusted balance is $ 4 , 1 5 0 . If one deposit...

When the bank statement is received on July 3, it shows a balance, before reconciliation, of $5,200 as of June 30. After reconciliation, the adjusted balance is $3,100. If one deposit in transit...

When the bank statement is received on July 3 , it shows a balance, before reconciliation, of $ 4 , 9 2 0 as of June 3 0 . After reconciliation, the adjusted balance is $ 2 , 8 7 0 . If one deposit...

When the bank statement is received on July 3, it shows a balance, before conciliation, of $5,200 as of June 30. After reconciliation, the adjusted balance is $3,100. If one deposit in transit...

Accounting Q3 Question 3 10 Marks The following information relates to Edu Traders for May 2022 The accountant of Edu Traders has been newly appointed and has requested your help with the...

Question 3 Accounting Question 3 10 Marks The following information relates to Edu Traders for May 2022 The accountant of Edu Traders has been newly appointed and has requested your help with the...

eBook Calculator Mastery Problem Labels and Amount Descriptions Instructions T-Accounts Trial Balance Income Statement Instructions Craig Fisher started a lawn service called Craig's Quick Cut to...

MD&A and Statistical Tables. The MD&A for the 2007 City and County of Denver CAFR is included as Appendix B in this chapter. On the following pages are selected tables from the statistical section of...

Draw the structure and assign Z or F stereochemistry to the product you expect from E2 reaction of the following molecule with NaOH (yellow-green =Cl):

What is the appropriate interest rate to calculate the payments for a 3 0 - year fixed mortgage at 6 . 0 percent? ( Round your answer to three decimal places, do not use percent. ) . 0 0 2 0 . 0 2 0...

How do you calculate a portfolio beta?

The stockholders' equity section of Waterbury Linen Mills, Inc., as of December 31, 20x7, was as follows: Contributed capital Common stock, $3 par value, 500,000 shares Authorized, 40,000 shares...

In a recent year, analysts expected IBM to earn $1.32 per share. The company actually earned $1.33. Microsoft was expected to earn $.43 per share, but it earned only $.41. The corporate income...

The consolidated statement of stockholders' equity for Jackson Electronics, Inc., a manufacturer of a broad line of electrical components, is presented below. This statement of stockholders' equity...

What's the future value of $250,000 after 3 vears if it earns 26% annuallv? What's the present value of $90,000 to be received in 3 years if the annual interest i What annual interest rate would...

Using a required rate of return equal to 14 percent, compute the modified internal rate of return (MIRR) for a project that costs $80,000 and is expected to generate $36,000, $72,000, and -$11,700,...

first question already answered, not sure how to calculate the lst 3 Q1: You plan to save $380 per month starting today for the next 47 years "just to start the month off right." You feel that you...