Compute the bank reconciliation at june for golden image

Assignment Help Financial Accounting
Reference no: EM131193902

Homework

Financial Accounting: Prepare the bank reconciliation at June 30 for Golden Image, Inc. Prepare the necessary journal entries by Golden Image, Inc., at June 30.

The bank statement indicated a monthly service charge of $200. Golden Image made a deposit on June 30, but this deposit did not appear on the bank statement until July 6. The amount of the deposit was $2,260. The bank collected an account receivable of $900 from one of Golden Image's customers. The bank also collected interest revenue for Golden image of $99. The bank also returned a nonsufficient funds check for $378 from John Able, one of Golden Image's customers. Checks #1874 for $1,140, #1898 for $609, and #1899 for $875 were written by Golden Image and sent to the respective companies, but these checks do not appear on the bank statement The balance on the bank statement as of June 30 was $16,711 On June 30, the Cash account from Golden Image's books showed an amount of $16,326.

Reference no: EM131193902

Questions Cloud

Important for solving global environmental problems : Be a “two-handed economist” and, In approximately ONE typed page (single-spaced), please explore ONE of the following issues using the concepts and materials from the course. Economic growth is more than important for solving global environmental pro..
How market for tradeable pollution allowances might work : The graph below can be used to analyze how a market for tradeable pollution allowances might work. Your task is to fill in the table that follows the graph and identify the features indicated by the boxes and call-outs. The incremental cost of reduci..
Take a picture of an object performing diffusion : Take a picture of yourself or an object performing diffusion or filtration. Get creative!- Will need a picture with a description of what is happening?
Matthew buys a king size hershey candy : Matthew buys a King Size Hershey candy bar for $2. He has to pay one tenth of that in taxes. How much money does he pay in taxes?
Compute the bank reconciliation at june for golden image : Financial Accounting: Prepare the bank reconciliation at June 30 for Golden Image, Inc. Prepare the necessary journal entries by Golden Image, Inc., at June 30.
Complete a systematic review of the literature : Assignment: "The objective for this assignment is to complete a systematic review of the literature in a content area of your choice, concluding with clear and succinct objectives for a new health promotion intervention based on your assessment of..
Discuss how the organizational expectations : Discuss how the organizational expectations (i.e., code of ethics or ethics code of conduct, mission, vision, and values) impact their decision making. Discuss how their decision impacts their colleagues and work environment.
Distinguish the 3 noteworthy issues present in nation : Distinguish the 3 noteworthy issues present in your creating nation. One conceivable organization to compose is this task is the accompanying.
What is the firms net operating working capital : What is the balance of current assets on the firm's balance sheet? What is the firm's net operating working capital? What is the monetary difference between your answers to part e and f?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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