What is the adjusted cash balance per bank

Assignment Help Financial Accounting
Reference no: EM132203580

Rainbow Inc. gathered the follow reconciling information while preparing to reconcile their cash balance per books to the recently received bank statement for the month ending August 30, 2013: Cash per balance per books, 8/30/13 $ 7,375 Deposits in transit $ 1,000 NSF check $ 420 Bank services charges $ 30 Outstanding checks $ 5,500 Notes Receivable collected by the bank $ 600 Cash balance per bank, 8/30/13 $ 12,025

What is the ADJUSTED CASH BALANCE PER BANK as of August 30, 2013.

Reference no: EM132203580

Questions Cloud

Identify microsofts corporate strategies : Identify microsofts corporate strategies, such as those for growth or innovation. Discuss:
What should buyer consider to make certain : What should a buyer consider to make certain that he or she is not exposing his or her company to excessive legal risks?
Discuss the individuals social and emotional development : Discuss the individuals' social and emotional development throughout the lifespan. In what ways was their development similar and different
How much income tax payable would match box report : How much income tax payable would Match Box report for 2011?
What is the adjusted cash balance per bank : What is the ADJUSTED CASH BALANCE PER BANK as of August 30, 2013.
Discrete and continuous data : Which, sometimes it can be confusing but deciding which one is which, but my question between these two questions is "can this be measured?"
Analyze how you as a social work treatment provider : Analyze how you, as a social work treatment provider, might adjust interventions for the client, their individualized circumstances, and culture of origin
Forecasted residual operating income : The following are forecasted residual operating income (ROPI) for Reed Corporation for 2017:
How apply critical research methods to a social issue : Describe how you would apply critical research methods to a social issue of interest to you. Provide an example from the research literature

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Compute the adjusted basis of each members interest

LeBron, Dennis, and Susan formed the Bar T LLC at the beginning of the current year. LeBron and Dennis each contributed $200,000 and Susan transferred several acres of agricultural land she had purchased two years earlier to the LLC. The land had a t..

  Discount rate and determine whether opportunity

Consider the following opportunities. Opportunity 1 requires a $4,000 cash payment now (Year 0) but will result in $14,000 cash received in Year 5. Opportunity 2 requires no cash outlay and results in $3,500 cash received in Year 3 and Year 5. Use Ap..

  Day-to-day business operation and all of the marketing

You and a friend will both invest $20,000 into a personal fitness business you are establishing. You will handle most of the day-to-day business operation and all of the marketing. You feel you should receive 70% of the profits from the business beca..

  What qualitative factors should ski pro corporation consider

What qualitative factors (that is, issues with vendors, customers, or within the product itself) should the Ski Pro Corporation consider in determining whether they should make or buy the bindings?

  What is the cost of the ending work in process inventory

Wood Company has beginning work in process inventory of $128,000 and total manufacturing costs of $477,000. If cost of goods manufactured is $480,000, what is the cost of the ending work in process inventory?

  Construct a trial balance from the cost of balances

Construct a trial balance from the cost of balances. Distinguish between capital expenditure and revenue expenditure. Explain 5 would be users of accounting information.

  Compute variable overhead spending and efficiency variances

Compute the variable overhead spending and efficiency variances. Compute the fixed overhead spending and volume variances. Interpret the volume variance. What can be done to reduce this variance?

  What was clantons gross profit margin

Clanton's operating expenses for 2002 were $13,000, and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 2002?

  Determine value of mortgage

Computation of value of mortgage and Estimate the affordable mortgage and the affordable purchase price for the Bergholts.

  What are vellas total deductible expenses for tax purposes

Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year: What are Vella's total deductible expenses for tax purposes?

  Different blends of coffee

Gourmet Specialty Coffee Company (GSCC) is a distributor and processor of different blends of coffee. The company buys coffee beans from around the world and roasts, blends, and packages them for resale. GSCC currently has 12 different coffees that i..

  Prepare the journal entries

Prepare the journal entries to record these transactions on Opps Company's books under a perpetual inventory system.

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