Inkameep Travel's general ledger Cash account showed the following transactions during October 2017: The bank statement for

Question:

Inkameep Travel's general ledger Cash account showed the following transactions during October 2017:

The bank statement for the month ending October 31, 2017, is shown below:

Inkameep Travel informed its bank that the bank charged a service charge twice. The bank has agreed to reverse one of the bank charges on the next month's bank statement.
Required
Prepare Inkameep Travel's bank reconciliation at October 31, 2017.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

See More Books

Question Posted: Mar 31, 2017 03:28 PM

See More Questions

Haida Travel's general ledger Cash account showed the following transactions during October 2014: The bank statement for the month ending October 31, 2014, is shown below: Haida Travel informed its...
Radon, Inc.s February 28th bank statement showed an ending cash balance of $10,640. On February 28, Radons general ledger cash account showed a balance of $10,869. After comparing the general ledger...
The balance in Happ, Inc.'s general ledger Cash account was $12,430 at September 30, before reconciliation. The September 30 balance shown in the bank statement was $11,130. Reconciling items...
The B.B. Lean Co. has 1.4 million shares of stock outstanding. The stock currently sells for $20 per share. The firm's debt is publicly traded and was recently quoted at 93 percent of face value. It...
Explain the equation for the balance sheet. Define the three major components reported on the balance sheet.
2 What is the floor value of the S&S Air convertible bond? Kartner Meister was recently hired by S&S Air AB to assist the company with its short-term financial planning and to evaluate the companys...
Could the fact that investors are able to transfer shares with ease also be of benefit to listed businesses?
Presented below is an aging schedule for Bryan Company. At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,000. Instructions (a) Journalize and post the...
A major shortcoming of the direct write-off method is that credit losses are: Select one: A. Never recognized B. Not shown in the subsidiary ledger C. Not matched with sales D. Sometimes collected at...
You are working on a free-form Packet Tracer challenge activity as seen in Figure 1, you have been given the London Railways network.' The purpose of this EMA question is to build upon each of the...
The 2013 annual report of Gildan Activewear Inc., a Canadian company, contained the following excerpt in the "Independent Auditors' Report of Registered Public Accounting Firm": We also have audited,...
Bobbie Brown's chequebook lists the entries shown here: Brown's July bank statement is shown below: Required Prepare Bobbie Brown's bank reconciliation at July 31, 2017. How much cash does Brown...
A uniform slender rod of mass m and length 4r rests on the surface shown and is held in the given equilibrium position by the force P. Neglecting the effect of friction at A and C, (a) Determine the...
Jimmy Joe-Bob Hicky is the district commander for the mostly-rural Spud Valley highway patrol district in western Idaho. Hes attempting to assign highway patrol cars to different road segments in his...
Its important to have a holistic view of all the businesses combined and ensure that the desired levels of risk management and return generation are being pursued. Agree or disagree
(3pts each) During a trip to a casino, Adam Horovitz plays his favorite casino game 10 times. Each time he plays, he has a 41% chance of winning. Assume plays of the game are independent. a. What is...
An epidemiologist plans to conduct a survey to estimate the percentage of women who give birth. How many women must be surveyed in order to be 95% confident that the estimated percentage is in error...
Statement of financial position as at 31 December 2014 ASSETS Non-current assets Property, plant and equipment Delivery van at cost 12,000 Depreciation (2,500) 9,500 Current assets Inventories...
Find the functions (a) f g, (b) g f, (c) f f, and (d) g g and their domains. f(x) = x + - 1 g(x) = x + x + 2
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
The accountant for Countryside Painting Specialists is having a hard time preparing the trial balance as of November 30, 2018: Prepare the corrected trial balance as of November 30, 2018. Assume all...
The following trial balance of Joy McDowell Tutoring Service as of May 31, 2018, does not balance. Investigation of the accounting records reveals that the bookkeeper: a. Recorded a $400 cash revenue...
John Hart, M.D., reported the following trial balance as of September 30, 2018: Calculate the debt ratio for John Hart, M.D. JOHN HART M.D. Trial Balance September 30, 2018 Balance Account Title...
A company sells two products. Assuming the same sales mix as shown below, how many units of Product A must be sold to breakeven? Product A Product B Total Units 100,000 150,000 250,000 Sales $300,000...
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2015 2016 Liabilities and Shareholders' Equity 2015...
When the investor pays $100,000 to acquire 40% of a company's outstanding voting shares at a time when the fair value of the company's net assets are $175,000, the resulting goodwill amount is...

Inkameep Travel's general ledger Cash account showed the following transactions during October 2017: The bank statement for

Question:

Date Oct. 1 Opening balance $20,000 Payment, cheque 233 18,000 Payment, cheque 235 5,200 2 Withdrawals Deposits Balance Forward Deposit 6,000 Deposit 18,000 18,000 Deposit 5,000 Service Charge Service Charge Interest 4 43,204

Step by Step Answer:

Inkameep Travel Bank Reconciliation October 31 2017 BANK Bank Balance October 3...View the full answer

Horngrens Accounting

Students also viewed these Cost Accounting questions