What is reconciled cash balance that should on balance sheet

Assignment Help Accounting Basics
Reference no: EM131796661

Problem

A company shows a cash balance in their account of $851 as of October 31st the bank statement for this account shows a balance of $1,430 as of October 31st there are outstanding checks totaling $840 and a deposit in transit of $60 the bank statement shows interest earned of $19 service charges of $30 a customer's return check of $100 and a check printing fee at $90. What is the reconciled cash balance that should be on the company's balance sheet as of October 31st.

Reference no: EM131796661

Questions Cloud

What is her tentative minimum tax in each of the alternative : In 2013, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the alternative circumstances?
What is the sample mean : Some people claim that the physical demands on dancers are such that dancers tend to be shorter than the typical person in the population.
Majority of the sample : What is the probability that the majority of the sample will be pro 134? (Majority means strictly more than half.)
How much does the firm have in merchandise inventory : how much does the firm have in Merchandise Inventory, If the only current assets shown on the balance sheet for Arch Company are Cash
What is reconciled cash balance that should on balance sheet : A company shows a cash balance in their account of $851. What is the reconciled cash balance that should be on the company's balance sheet as of October 31st.
At what cost of capital should newton purchase the crusher : Newton Rock Co is considering the purchase of a new rock crusher. This new machine will allow Newton to receive new cash flows of $20,000 per year.
Make a confidence interval wider or narrower : Interval State whether each of the following changes would make a confidence interval wider or narrower. (Assume that nothing else changes.)
What is the amount of the discount on the bonds at january : What is the amount of the discount on the bonds at January 1, 2015? What is the amount of the recorded gain or loss from retiring the bonds?
Calculate the expected capital gains yield : What is the dividend yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd