What is the net journal entry to the cash account

Assignment Help Cost Accounting
Reference no: EM133157932

Question - Stevie Nicks Company Information

Cash Balance from the Bank Statement (12/31) - $17,215.89

Cash Balance from the Books (12/31) - $15,321.00

NSF (bounced) check returned with bank statement $1,000.22

Note Collected by bank on Stevie Nicks' behalf $200.55

Interest on note also collected by bank for Stevie Nicks $20.66

Bank Service Charge $45

Outstanding Checks $4,000.10

Deposits in Transit $1,281.20

Required - What is the net journal entry to the cash account for Nicks relating to the bank reconciliation? Enter a positive if it is a net debit and a negative if it is a net credit.

Reference no: EM133157932

Questions Cloud

Identify and summarize a recent nlrb decision : Identify and SUMMARIZE a recent NLRB decision (see "weekly Summaries of Decisions" in the "Cases and Decisions" tab of the National Labor Relations Board websit
What is the clinic''s average net float : Each day the clinic typically receives $100,000 in checks that take three days to clear. What is the clinic's average net float
Idea of google correlating personal traits : Question 1-What do you think of the idea of Google correlating personal traits from the employee's answers on the survey to their performance
Write an essay using case study of sydney medically : Write an essay using the case study of Sydney's Medically Supervised Injecting Centre (MSIC) in Kings Cross Sydney. In this essay, you should relate this policy
What is the net journal entry to the cash account : What is the net journal entry to the cash account for Nicks relating to the bank reconciliation? Enter a positive if it is a net debit
Who does it affect more the employer or the employee : In today's environment is this still a good idea or should individuals be required to take care of their healthcare much like automobile insurance?
Why is there so much dissention over the passing of the act : In today's environment is this still a good idea or should individuals be required to take care of their healthcare much like automobile insurance?
Example of application software for personal : Name one healthcare setting example of application software for personal, work group, and enterprise use. Next, describe the related business objectives each ad
How does one define adaptative leadership : How does one define Adaptative Leadership? What are some of the key characteristics of Adaptative Leadership?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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