User Account

All Pages

Determine the cash balance per Oriole Limited books

Assignment Help Accounting Basics
Reference no: EM132571798

Question - The following information relates to Oriole Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,340. During the month of July, Oriole recorded cash receipts of $22,500 and cash payments of $24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,480 on July 31; outstanding cheques $3,850; deposits in transit $1,670; EFT collections on account that were not yet recorded on the books $2,181; NSF cheque $1,259; NSF fee $61; and bank services charges $101.

Required -

1. Determine the cash balance per Oriole Limited's books.

2. Prepare the bank reconciliation at July 31.

Reference no: EM132571798

Questions Cloud

How does a company overcome the noise and retain customers : How does a company overcome the noise and retain its customers? Share two approaches you feel an organization can take to overcome this challenge. Describe them
Identify and explain two risk sharing methods : Japan Inc. is exporting machinery to a Russian company and needs to get insured because of the political risks involved
Strategies for addressing infringement of ip : Then you are required to develop and submit a strategy for managing IP in your workplace. This strategy must comply with all regulations
Which assets were effectively leveraged by tanita for growth : Evaluate the quality of its brand extensions using the criteria in the chapter. Using these criteria, what health products would NOT make sense for Tanita
Determine the cash balance per Oriole Limited books : The reconciled cash balance from June's bank reconciliation is $18,340. Determine the cash balance per Oriole Limited books
What are some of the drawbacks to greed : What are some of the drawbacks to greed? How can you combat greed is your own personal / business life?
Public sector and private sector export credit agencies : Explain the difference between public sector and private sector export credit agencies (ECAs)
Describe the stage of the performance management process : Next, decide the extent to which each stage of the performance management process is relevant to an employee's performance. Justify your response.
What new product pricing strategy are using : Why did you choose this method of customer segmentation? Be specific. Identify and explain which market segmentation variable you are using

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