bank reconciliation, Accounting Basics

The cash records and bank statement for the month of May for Diaz Entertainment are shown below.


Prepare the bank reconciliation and record cash adjustments (LO5)



Additional information:

a.The difference in the beginning balances in the company''s records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2012.

b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account.
Posted Date: 10/21/2012 1:09:09 AM | Location : United States







Related Discussions:- bank reconciliation, Assignment Help, Ask Question on bank reconciliation, Get Answer, Expert's Help, bank reconciliation Discussions

Write discussion on bank reconciliation
Your posts are moderated
Related Questions
I need help with the journal entries for chapters 8 & 9 of this project.

Buyer's Direct Mills (BDM) Inc. is a century old textile company that takes raw cotton and spins it into cotton yarn. This yarn is in turn purchased by weaving companies which prod

Q. What is FOB destination? FOB destination signifies free on board at destination. The seller ships the goods to their destination with no charge to the buyer. Therefore the s

Kim presently owns a business that processes and distributes fresh vegetable to local supermarkets. She is looking to expand her business by acquiring the Lackawaxen Emu Oil Compan

Explain any two concepts of accounting with examples

The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk inve

basic problems about ledger

State the term- Debits must always equal credits To help understand Temporary Owner's Equity accounts. All transactions which affect owner's equity could be recorded in one

Limitations of Funds Flow Statement : despite the a variety of uses of the announcement, it has convinced problems also.  They consist of the subsequent i) It cannot substitute