User Account

All Pages

Determine bank reconciliation for stewart recording studio

Assignment Help Accounting Basics
Reference no: EM132472560

Point 1: In reviewing cheques returned by the bank, the bookkeeper discovered that cheque #28, for delivery expense, was recorded in the Cash Disbursements Journal correctly as $4,900.

Point 2: The NSF cheque for $14,611 was that of customer Oprah Winney, deposited in March.

Point 3: On the bank statement, the payment for $16,356 is regarding a note payable.

Point 4: There is also a deposit of $123,000 dated April 30. It is an investment made by the owner into the business (the bank transferred the funds electronically from the owner's personal account to his business account, which is why it was not recorded in the Cash Receipts Journal).

Required:

Question a. Prepare the bank reconciliation for Stewart Recording Studio at April 30.

Attachment:- stewart.rar

Reference no: EM132472560

Questions Cloud

What are some of the benefits of using accrual accounting : Determine Why does accountants use this instead of the cash basis of accounting? And also Determine What are some of the benefits of using accrual accounting?
Order of semaphores in the customer changes : Explain what will happen if the order of semaphores in the customer changes - Explain, in words, what changes should be made and why
401077 Introduction to Biostatistics Assignment : 401077 Introduction to Biostatistics Assignment Help and Solution, Western Sydney University, Australia. Critically appraise of statistical material in paper
How do determine the deferred tax assets : How do determine whether there are deferred tax assets and deferred tax liabilities within a companies annual report? And then to understand the factors
Determine bank reconciliation for stewart recording studio : In reviewing cheques returned by the bank, the bookkeeper discovered that cheque, Prepare the bank reconciliation for Stewart Recording Studio at April 30
What is the difference in cash flow between the two firms : What is the difference in cash flow between the two firms? Given that the tax rate is 40 percent, compute the cash flow for both companies.
Determine the divisional income from operations : Determine the divisional income from operations for the Retail Division and the Commercial Division. Do not round interim calculations.
SHR044-6 Mobilising Organisational Creativity and Innovation : SHR044-6 Mobilising Organisational Creativity and Innovation Assignment Help and Solution, Majan University College - Assessment Writing Service
Determine activities pertain to entree co for current year : Determine The activities pertain to Entrée Co. for the current year. Prepare the journal entry that should be made on Entrée's books for each activity.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd