Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Preparation of Bank Reconciliation and passing required adjusting Entries.
(Bank Reconciliation and Adjusting Entries) Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.
June 30 Bank Reconciliation
Balance per bank
$7,000
Add: Deposits in transit
1,540
Deduct: Outstanding checks
(2,000)
$6,540
Month of July Results
Per Bank
Per Books
Balance July 31
$8,650
$9,250
July deposits
5,000
5,810
July checks
4,000
3,100
July note collected (not included in July deposits)
1,000
July bank service charge
15
July NSF check from customer, returned by the bank
335
(recorded by bank as a charge)
Instructions
(a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
(b) Prepare the general journal entry or entries to correct the Cash account.
Write a schedule computing the threshold for asset amounts
What would be Martinez dollar amount projections in his business plan.
Prepare a two column common size income statement and Comment specifically on difference between Camper's, Inc., and the industry average.
Classification of cash flows in to Operating, Investing or Financing activities and Cash Flow Classifications
Basic flexible budgeting Sydney, Inc., has the subsequent budgeted production costs:
Does Triton owe the bank the amount you have calculated for the net service credit/(debit), or can it carry this amount forward to offset future shortfalls?
Determine her deductions and credits allowed and the suspended credits and losses.
Determine the rate of return for the ratios - The following information has been taken from the financial statements of the Gaines Company. Gaines Company has only issued common stock
Find Maximization of total revenue to maximize profit
Find the average cost from the given data - Why do the costs per diner for the three different parties differ from each other and from the overall average cost of $15.00 per diner?
Evaluate the amount and character of Robby's deductions for this vacation home considering the cost allocation method that the IRS prefers is used.
Explain the Financial statements vs. the financial reporting framework
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd