Present below is information related to haselhof

Assignment Help Accounting Basics
Reference no: EM13688936

Present below is information related to Haselhof Inc.
Balance per books at October 31, $41,847.85; receipts $173,523.91; disbursements $164,893.54. Balance per bank statement Novermber 30, $56,274.20
The following checks were outstanding at November 30.
1224: $1,635.29
1230: $2,468.30
1232: $2,125.15
1233: $482.17
Included with the November bank statement and not recorded by the company were a bank debit memo for $27.40 covering bank charges for the month, a debit memo for $372.13 for a customer's check returned and marked NSF, and a credit memo for $1,400 representing bond interest collected by the bank in the name of Haselhof Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $1,915.40.
Instructions:
(a.) Prepare a bank reconciliation (to the correct balance) at November 30, for Haselhof Inc. from the information above.
(b.) Prepare any journal entries required to adjust the cash account at November 30.

Reference no: EM13688936

Questions Cloud

What will be the npv for investment : What will be the NPV for his investment
Inhabitants have been using giant stones as money : 8. For 2,000 years on the far away island of Yap in Micronesia, located in the Pacific Ocean, the inhabitants have been using giant stones as money (Note: this is a true story)
What happens to the nonbank balance sheet : What happens to the nonbank's balance sheet?
Discuss the sources of information : 1. Discuss the sources of information and the types of inquiries that you and the firm's partners may make in connection with accepting Hitech as a new client.
Present below is information related to haselhof : Present below is information related to Haselhof
Classify the product in terms of its income elasticity : They have their product priced at $30. Is this optimal and why or why not and what would you recommend their optimal price to be?
The voting stock of stance : The voting stock of Stance,
Jeffery norville is a single taxpayer : Jeffery Norville is a single taxpayer
What would you suggest to the firms mix of labor : Is this an example, of a Cobb-Douglas Production function and would you suggest this firm merge with similar firms?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hemingway inc applies factory overhead based on direct

hemingway inc. applies factory overhead based on direct labor costs. the company incurred the following costs during

  Annual inventory carrying costs not included in the

macready company is considering introducing a new compact disc player model at a price of 105 per unit. macreadys

  Propose expense allocation system for heat, rent, insurance

Visit a local movie theater and check out both its concession area and its showing areas. The manager of a theater must confront questions such as: How much return do we earn on concessions?

  Pilgrim corporation processes frozen turkeys the company

pilgrim corporation processes frozen turkeys. the company has not been pleased with its profit margin per product

  Prepare a single-step income statement that includes these

valley companys adjusted trial balance on august 31 2013 its fiscal year-end follows.merchandise

  The financial statements for a company included the

the financial statements for a company included the following information common stock 1750000 retained earnings 950000

  Discuss one measure of performance of a company

Discuss one measure of performance of a company and indicate what the significance of a lower or higher level of such measure is. Compare it next to a second measure and explain the significance of the second measure.

  A company manufactures and sells spotlights each spotlight

a company manufactures and sells spotlights. each spotlight sells for 145. the variance cost per unit is 98 and the

  Cash flow before tax and interest

How much will a firm need in cash flow before tax and interest to satisfy debtholders and equityholders if: the tax rate is 35%, there is $13 million in common stock requiring a 10% return, and $6 million in bonds requiring an 6% return?

  Question 20 figure 4-1 foster company makes power tools the

question 20 figure 4-1. foster company makes power tools. the budgeted sales are 420000 budgeted variable costs are

  Linden inc had the following note and interest receivable

linden inc. had the following note and interest receivable account balances at dec. 31 2012 note receivable from sale

  Big apple airlines operates 35 scheduled round-trip flights

big apple airlines operates 35 scheduled round-trip flights between new york and chicago each week. it charges a fixed

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