Solution-What is the corrected balance at the end of the

What is the corrected balance at the end of the month

Assignment Help Accounting Basics

Reference no: EM133010752

Question - The month end bank statement shows a balance of $80,000.00. Outstanding cheques total $16,000.00, a deposit of $4,000.00 is in transit at month-end, and a check for $800.00 was erroneously charged against the account by the bank. What is the corrected balance at the end of the month?

a) 68,800.00

b) 67,200.00

c) 91,200.00

d) 92,800.00

Reference no: EM133010752

Questions Cloud

How efficient is a company in using assets to produce sales : How many dollars of net income were earned for each dollar invested by the owners? How efficient is a company in using its assets to produce sales?

Develop a code of conduct for medical tourism : Medical Tourism has become a growing industry, especially in developing countries. Research the topic of medical tourism, and find a scholarly or credible artic

Understand the level of risk involved : - How would you use Microsoft Excel and your agility and problem solving skills to understand the level of risk involved in selecting the appropriate insurance

How do organizations document the location and use of record : How do organizations document the location and use of a record once it has been delivered to a record user? What formats can records be delivered in?

What is the corrected balance at the end of the month : Outstanding cheques total $16,000.00, a deposit of $4,000.00 is in transit at month-end, What is the corrected balance at the end of the month

Establishing a relationship coaching new hires : Establishing a relationship; coaching new hires Training new hires; counseling Coaching; establishing trust

What is the process of preparing a record for delivery : What is the process of preparing a record for delivery? Approximately 100 words(Please note that the course doing is for bookkeeping / accountancy)

Define performance management : Define performance management and a performance evaluation system.

What is the true cash balance per bank as of July : Problem - The cash account balance in the general ledger on August 31 was $50,435, What is the true cash balance per bank as of July 31

User Account

All Pages

What is the corrected balance at the end of the month

Reference no: EM133010752

Reference no: EM133010752

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT