Adjustment on a bank reconciliation

Assignment Help Accounting Basics
Reference no: EM13134934

A check correctly written and paid by the bank for $395 is incorrectly recorded on the company's books for $359. The appropriate adjustment on a bank reconciliation would be to?

Reference no: EM13134934

Questions Cloud

Which account appearing on the balance sheet at the end : Expenses sometimes make their contribution to revenue in a different period than when the expense is paid. Incurring wages in one period and paying in the next period often leads to which account appearing on the balance sheet at the end of the fi..
Calculate change in internal energy of following system : Calculate the change in internal energy of the following system: a balloon is cooled by removing 0.654 kJ of heat. It shrinks on cooling, and the atmosphere does 385 J of work on the balloon.
Geometrical constructions-parallelogram : Suppose the three vertices A, B and C of a parallelogram ABCD are given. Construct the fourth vertex D.
Find probability that at least two selected people pay more : What is the probability that at least 2 out of 5 randomly selected people in the study will pay more than the amount found in part (a)?
Adjustment on a bank reconciliation : A check correctly written and paid by the bank for $395 is incorrectly recorded on the company's books for $359. The appropriate adjustment on a bank reconciliation would be to?
How much should mary pay with her first quater estimated : Mary is self-employed for 2010. Mary estimated her required annual estimated tax payment for 2010 to be $4000. Mary had a $500 overpayment of last year's taxes, which she will apply against her first quarterly estimated payment. How much should Ma..
Geometrical constructions-angle bisector : Let R1 and R2 be two rays with a common vertex with an angle strictly less than pie(3.14). Construct the angle bisector ray B. In the setting of the previous problem, if you were given R1 and B, how would you construct R2?
Calculate the concentration of ammonium ions : A solution is prepared by dissolving 12.9 g ammonium sulfate in enough water to make 100.0 mL of stock solution. A 15.00 mL sample of this stock solution is added to 53.00 mL of water.
Sketch the typical stress-strain curve for a metal : Sketch the typical stress-strain curve for a metal and a ceramic. Using the sketch, indicate the following properties; elastic and plastic regions, yield points, Ultimate Tensile Strength (UTS), strain energy and fracture toughness.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Opportunity cost of capital

The rate o a five-year CD is 6 percent. Should you refinance your mortgage or invest the $3,000 in a CD? The 6 percent CD rate is your opportunity cost of capital.

  What was the net futa tax of truson company

Truson company paid a 8% taxable wages of $108,500. the taxable wages under FUTA were $89,400. what was the net FUTA tax of truson company?

  Lifetime learning credit-modified agi

In the fall of 2013, James went back to school to earn a masters degree. He incurred $7,000 of qualified educational expenses and his modified AGI for the year was $40,000. His Lifetime Learning Credit is:

  Managing product-harm crisis

Define a product-harm crisis. Identify the factors that contribute to a product-harm crisis. Compare and contrast the findings of the various studies on product-harm crisis.

  Issuance of tax anticipation notes

On September 15, the City decided to borrow $200,000 in 90 day tax anticipation notes to cover operating expenditures until the tax revenues are collected. The journal entry on September 15 to record the issuance of tax anticipation notes will inc..

  What are the risks for accounting systems

What are the differences between substantive tests of transactions and tests of details of balances?

  Bad debt journal entries-accounts receivable

Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.

  What is the maximum amount of foreign tax credit

what is the maximum amount of foreign tax credit that a company will be allowed to take with respect to the income earned by a foreign operation?

  Omegas taxable income for the current year

What is Omega's taxable income for the current year, assuming qualified production activities income is $20,000?

  Joint income tax return

Greenbacks Bank also gave Doug and Pattie a cellular phone (worth $100) for opening the savings account. What amount of interest income should they report on their joint income tax return?

  Depreciation and book value of investment

Determine the depreciation and book value for each of the two investment groups for each year. Determine the gain/loss for tax purposes If the Group 5 and Group 7 assets are sold at the end of the planning period for a combined $500,000.

  Recording journal entry for issuance of stock

Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd