User Account

All Pages

Show a bank reconciliation for commander company

Assignment Help Accounting Basics
Reference no: EM131938413

Question - Bank reconciliation >so, Commander Company bank statement for the month of March showed a balance per bank of $7,284. The company's CASH ACCOUNT in the general ledger had a balance of 7,284 at March 31.

1. Deposits in transit totaled $1,500

2. The bank statement shows a debit memorandum for $28 for service charges.

3. Outstanding checks totaled $591

4. The bank included a credit memorandum for $916 which represents collection of a customer's note by the bank for the company; principal amount of the note was $900, interest was $36, and less fee of $20. Interest has not been accrued

Show a bank reconciliation for Commander Company at March 31. Show the adjusting entries needed to balance the company's cash account to the bank's balance.

a. Balance per bank $7,263 b Balance per Company $7,284.

Reference no: EM131938413

Questions Cloud

Problem regarding the systematic and unsystematic risks : What is the process for calculating the beta of a portfolio of stocks while taking into consideration the systematic and unsystematic risks?
Determine dividends per share for preferred and common stock : Sandpiper Company has 20,000 shares of 1% cumulative preferred stock of $100 par, Determine dividends per share for preferred and common stock for each year
What is the firm cost of equity : Shadow Corp. has no debt but can borrow at 7.3 percent. The firm's WACC is currently 9.1 percent, and the tax rate is 35 percent.
Is there merit to the claim of the journalist : Why did the journalist use such powerful language to describe this issue? Is there merit to the claim of the journalist?
Show a bank reconciliation for commander company : Show a bank reconciliation for Commander Company at March 31. Show the adjusting entries needed to balance the company's cash account to the bank's balance
Finding the value of social security promise : Assume that Social Security promises you $40,000 per year starting when you retire 45 years from today (the first $40,000 will get paid 45 years from now).
How much interest rate would you have effectively paid : If you spend 1,000 using this credit card. How much will you have to pay in 1 year to settle your account. How much interest rate would you have effectively
What is the breakeven stock price at maturity : Create a payoff and profit table table (using a range of stock prices from $630 to $670, in increments of $10) if the exercise price is $650.
Result of chad decision not to withdraw : What is the result of Chad's decision not to withdraw any of Trey's contribution to the trust?

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