### Bank reconciliation and record adjustments

Assignment Help Accounting Basics
##### Reference no: EM13146998

Prepare a bank reconciliation and record adjustments L.O. P3

Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for \$1,091 and No. 5893 for \$520. The following information is available for its September 30, 2008, reconciliation:

### Previous Q& A

#### Determining the return on investment

Randall Company makes and distributes outdoor play equipment. Last year sales were \$2,400,000, operating income was \$600,000, and the assets used were \$3,000,000.The return on investment (ROI) is:

#### Dual court system operate in the united states

How does the dual court system operate in the United States?

#### Explain what is the value of delta h

When 0.490 kJ of heat is added to the gas, it expands and does 211 J of work on the surroundings. What is the value of delta H and delta E for this process?

Separate the variable and fixed elements, using the high-low method. Determine the cost to be charged to the product for the year. Determine the cost to be charged to factory overhead for the year.

#### During autopsy, dr. young discovered no visible reason

During autopsy, Dr. Young discovered no visible reason for death. Although there were lacerations and contusions to the face and chest area of victim, none were deep or serious enough to cause death. None of the lacerations were deep: all wer..

#### What physiological mechanism might account for these changes

What happened to the total minute volume during exercise? What happened to the total minute volume right after exercise was completed? What physiological mechanism might account for these changes?

#### Total cost to lease the equipment

Jonas Inc. is considering whether to lease or purchase a piece of equipment. The total cost to lease the equipment will be \$120,000 over its estimated life, while the total cost to buy the equipment will be \$75,000 over its estimated life.

#### Growth of india and china

Growth of India and China - China and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate.

#### What is the most likely causative agent

What is the drug of choice use to treat this condition? What is the alternative drug used to treat this condition? What si the mechanism of action for both of these antimicrobials?

#### Calculate the amount of energy in kilojoules needed

Calculate the amount of energy in kilojoules needed to change 117g of water ice at -10degrees Celcius to steam at 125 degrees Celcius

### Similar Q& A

#### Interest costs throughout construction

The contractor was paid \$2,200,000. An assessment made by the city for pavement was \$6,400. Interest costs during construction were \$170,000.

#### Sales level required in both dollars and units

Compute the sales level required in both dollars and units to earn \$210,000 of after-tax income in 2010 with the machine installed and no change in unit sales price. Assume that the income tax rate is 30%.

#### Determining new target variable cost

What is its new target variable cost per skier / snowboarder? Compare this to the current variable cost per skier / snowboarder. Comment on your results.

#### Differences and similarities in audits of financial

What are the differences and similarities in audits of financial statement compliance audits operational audits?

#### Determin the consolidated net income

Without regard for this investment, Keefe earns \$300,000 in net income during 2006. What is consolidated net income for 2006?

#### Journal entries-effective interest method

Compute the issue price of a \$1,500,000 bond issue and prepare the journal entries for the issuance and first years' interest payments (use the effective interest method). Assume the bonds are paid semiannually (June 30 and December 31).

#### Tabular analysis of transactions

A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.

#### Problem on cost of merchandise sold

East, Inc. had beginning inventory of \$10,000, purchases of \$25,000, and ending inventory of  \$5,000. What is East's cost of merchandise sold?

#### Economic order quantity model

The Economic Order Quantity (EOQ) model is helpful in determining accurate inventory decisions. Discuss the major inventory costs that are used in determining the EOQ.

#### Determining income statement from investment

On October 1, 2010, Menke Co. purchased to hold to maturity, 200, \$1,000, 9% bonds for \$208,000. An additional \$6,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2014. M..

#### Distinguish-debt security and equity security

Distinguish between a debt security and an equity security.

#### Calculate the total dollar amount of discount

Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)