Solution-What amount of cash should be reported in the

What amount of cash should be reported in the august

Assignment Help Financial Accounting

Reference no: EM132495084

Aragon Company has just received the August 31, .To I S, bank statement. which is summarized below.

County Nations' Bank	Desbursetnents	Receipts	Otto
Balance August 1			S 0.369
Deposits during August		$32,200	41.569
Nolo collided kr depositor. Inckeang S40 Mount		1,040	42,609
Cusps cleared drip August	S34.500		8.109
Beret service themes	20		8.090
Balance, August 31			8.099

The general ledger Cash account contained the following entries (or the month of August.
Cash
Balanock August 1 10,060 1 Disbursements

Deposits in transit at August 31 are 13,800, and checks outstanding at August 31 total $1,550. Cash on hand at August 31 is $310. The bookkeeper improperly entered one check in the books at $14650 which was written for $164.50 for supplies (expense); it cleared the bank during the month of August.

Instructions

Question (a) Prepare a bank reconciliation dated August 31, 2015, proceeding to a correct balance.

Question (b) Prepare any entries necessary to make the books correct and complete.

Question (c) What amount of cash should be reported in the August 31 statement of financial position?

Reference no: EM132495084

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What amount of cash should be reported in the august

Reference no: EM132495084

Reference no: EM132495084

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