Prepare the company''s bank reconciliation, Accounting Basics

Honolulu Cookie Company provides the following information in order for you to prepare the company's bank reconciliation:                   

                Balance per company records at end of month  $53,300

                Bank service charge for the month          200

                NSF check returned with bank statement             1,400

                Outstanding checks at month end            18,800

                Balance per bank at end of month           62,500

                Deposit in transit at month end 8,000

Answer for bank reconciliation                             

                Honolulu Cookie Company         

                Bank Reconciliation Statement 

                Particulars           Amount in $

                Balance per company records at end of month  53,300

                Add:     

                Outstanding checks at month end            18,800

                                 72,100

                Less:     

                NSF check returned        1,400

                Bank charges     200

                Deposit in transit at month end 8,000

                Balance per bank at end of month           62,500         

Posted Date: 7/12/2012 3:20:21 AM | Location : United States







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

Write discussion on Prepare the company''s bank reconciliation
Your posts are moderated
Related Questions
How do you round up to one decimal point using percentages? Example 0.207 Thanks

Q. Advantages of Weighted-average? Weighted-average: Advantages because of the averaging process the effects of year-end buying or not buying is lessened. Drawback Manipulation

Determining the Discount Rate XYZ (APP) Ltd is a biotechnology company that recently listed on the Australian Securities Exchange (ASX). As such, XYZ Ltd has very limited stoc

Q. What is depreciable amount? The dissimilarity between assets's cost and its estimated residual value is an asset's depreciable amount. To persuade the matching principle the

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”

State about the Balance Sheet columns of worksheet Balance Sheet columns of worksheet would comprise the amounts from Adjusted Trial Balance columns which are assets, capital,

The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital b

stion 8 of 20 5.0 Points Merchandise lists for $5,000 with a trade discount of 10% and terms of 5/30, 3/60, n/90. If the purchaser is invoiced on April 12th and payment is m

Ower invested cash in the company along with equipment at market value, the amount is considered part of capital or revenues?

Examine each of the items listed below to determine which items include statements that 3) would indicate that manufacturing diversity exists. Required: Label the items that inc