Prepare necessary journal entries for this reconciliation

Assignment Help Risk Management
Reference no: EM131490935

The following bank reconciliation was prepared on 9/30.

Balance per books         $9,234                       Balance per bank        $7,567

Additions:                                                       Additions:

Note collected      500     9,734                       Deposits in transit         4,892

Deductions:                                                    Deductions:

Service Charge      75                                     Outstanding checks         3,100  

NSF check           300         375

Adjusted balance          $9,359                       Adjusted balance       $9,359

Required: Prepare the necessary journal entries for this reconciliation.

Reference no: EM131490935

Questions Cloud

Calculate free cash flow from these reported numbers : Free Cash Flow for Kimberley-Clark Corporation (Medium) Below are summary numbers from reformulated balance sheets for 2007 and 2006 for Kimberly-Clark.
Dred scott decision consequences : List 2-3 of Dred Scott decision consequences and examine some of the legal, political, and cultural effects of the Dred Scott decision.
Are axons always covered with myelin sheath : This insulation acts to increase the rate of transmission of signals. Are axons always covered with myelin sheath
Determine the most effective advertising medium for company : Determine the most effective advertising medium for a company in the selected product Provide a rationale to support your recommendations.
Prepare necessary journal entries for this reconciliation : Required: Prepare the necessary journal entries for this reconciliation.
Calculate cash invested in operations : Extracting Information from the Cash Flow Statement with a Reformulation: Microsoft Corporation (Medium) For many years, Microsoft has generated considerable.
Discuss one of the major personality theories : Write a 700- to 1,050-word blog post that includes the following: Discuss one of major personality theories and how this theory is used to conduct assessment
What type of lease is this to the lessor-hi-tech and why : Northwestern Edison Company leased equipment from Hi-Tech Company on Dec. 31, 2015. What type of lease is this to the lessor, Hi-Tech? Why?
Peace settlement of the first world war : Why were the war and the peace settlement important to the political boundaries both inside and outside of Europe?

Reviews

Write a Review

Risk Management Questions & Answers

  A project report on mutual funds

This project report speaks of the core and future aspects of Mutual Funds and the present challenges to cope with.

  Evalaute the theoretical option price

Evalaute the theoretical option price

  Risk and return

Investing in the stock market and Risk-free investment and inflation

  Evaluate the gross profit

Evaluate the gross profit

  Discuss concepts of risk and management

Risk lies at all levels of business activity. There are many different kinds of risks within an management as well as ways to manage risks.

  Determine the average risk premium

Here are stock market & Treasury bill percentage (%) returns between 2006 and 2010: Determine the average risk premium

  Hypothetical healthcare organization ratios

Discuss and explain why one should apply caution when using financial ratios for analyzing a healthcare management's current financial position and future viability.

  Discuss role of risk assessment

The financial information has been dominated currently by stories of financial institutions that have mis-measured risk as part of subprime mortgage crisis.

  Calculate maturity risk premium

The real risk-free rate is 3 percent, & inflation is expected to be 3 percent for the next two years. A 2-year Treasury security yields 6.3 percent.

  Selcting best option for portfolio

Suppose you are planning investing in two stocks to form a portfolio. Assume you do not like risk. Which one of given stock combinations will you select for your portfolio?

  Result of systematic or unsystematic risk

It has been a little over one year since the collapse of Lehman Brothers which was the first major event in the downturn of our stock market & economy.

  Determine risk management

Determine risk management? Discuss the importance of risk management in an organization? How does risk management mitigation create value for an organization?

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