Prepare a bank reconciliation from the following information: a. Balance per bank statement as of May 31,
Question:
a. Balance per bank statement as of May 31, $16,655.44
b. Balance per books as of May 31, $12,091.94
c. Deposits in transit, $2,234.81
d. Outstanding checks, $6,808.16
e. Bank service charge, $9.85
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Balance per bank May 31 1665544 Add deposits in transit 22348...View the full answer
Answered By
John Aketch
I have a 10 years tutoring experience and I have helped thousands of students to accomplish their educational endeavors globally. What interests me most is when I see my students being succeeding in their classwork. I am confident that I will bring a great change to thins organization if granted the opportunity. Thanks
5.00+
8+ Reviews
18+ Question Solved
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Cost Accounting questions
-
Prepare a bank reconciliation dated December 31, 2009, for Belton Company based on the following information: Balance per bank statement is $26,222. Balance per books is $24,641. The December bank...
-
Prepare a bank reconciliation for Joseys Fresh Deli at June 30 using the following information: Balance per USA National Bank statement at June 30 ....$15,398.05 Outstanding checks...
-
From the following information for Russo Merchandising Co., calculate merchandise turnover for 2015 and 2014 and days' sales in inventory at December 31, 2015 and 2014. Round answers to one decimal...
-
The schedule of accounts receivable, schedule of accounts payable and trial balance for Let it Snow are shown below. Schedule of Accounts Receivable as at 31 May 20XX Customer Invoice No. Terms Date...
-
Under what assumptions can the F distribution be used in making inferences about the ratio of population variances?
-
Dennis McCutcheon supervises the employees who work in the building supplies department of a large discount hardware store. One of his employees, Kelly Sims, has been late to work every Tuesday and...
-
3. Under GASB Statement No. 35, a state university (governmental) with only business-type activities may present: a Fund financial statements b Government-wide financial statements c Only the...
-
Pederson Company acquires the net assets of Shelby Company by issuing 100,000 of its $1 par value shares of common stock. The shares have a fair value of $20 each. Just prior to the acquisition,...
-
petty corporation forcasts a negative free cash flow for the coming year, with with FCF1=-10 million, but it expects a positive number thereafter with FCF2= 21 million. after year 2 FCF is expected...
-
Consider the following data on full-service restaurant sales. Calculate both the three-month and five-month moving averages for these data, and compare the forecasts by calculating the mean absolute...
-
At year end, Bottle Water Company had currency and coins in cash registers of $5,600, money orders from customers of $10,000, deposits in checking accounts of $64,000, U.S. Treasury bills due in 80...
-
A small company maintains a petty cash fund for minor expenditures. In February and March 2014, the following transactions took place: a. The fund was established in the amount of $200.00 on Feb. 1...
-
\(p ightarrow q\) and \(\sim q . \therefore \sim p\). Analyze the argument and identify the form of the argument as the law of detachment, the law of denying the consequent, the chain rule for...
-
1 . Journalize the following transactions: ( a ) Issued 1 , 0 0 0 shares of $ 1 0 par common stock at $ 5 9 for cash. ( b ) Issued 1 , 4 0 0 shares of $ 1 0 par common stock in exchange for equipment...
-
Using alpha .05, determine if moving to a larger enclosure decreased tiger anxiety levels. You should first calculate the difference (After - Before) Tiger Before Anthony 45 45 Banthony 56 After 38...
-
Cyclohexane (C 6 H 12 ) is produced by mixing Benzene and hydrogen. A process including a reactor, separator, and recycle stream is used to produce Cyclohexane. The fresh feed contains 260L/min C 6 H...
-
Suppose the city is undergoing severe ination. Specifically, both goods prices have risen by 10%. What percentage of a raise in the wage rate should Alex request from her boss, for her to maintain...
-
1. An iron cube of mass 0.55 kg is raised to a temperature of 100C by being placed in boiling water for 5 minutes. It is then removed and transferred immediately to an aluminium calorimeter filled...
-
Sketch cost behavior graphs (Learning Objective 1) Sketch graphs of the following cost behaviors. In each graph, the y-axis should be total costs and the x-axis should be volume of activity. a. Step...
-
Calculate Total Contribution Margin for the same items. Total Revenue Total Variable Costs Total Contribution Margin $50.00 a. $116.00 $329.70 b. $275.00 $14,796.00 $7,440.00 c. $40,931.25 d....
-
What is HIPAA? What industry does it impact?
-
Peruga Engineering Company specializes in designing automated characters and displays for theme parks. It uses cost-plus profit contracts, and its profit factor is 30 percent of total cost. Peruga...
-
Hard Core Enterprises makes peripheral equipment for computers. Emily Vit, the company's new controller, can find only the following partial information for the past two months: The current year's...
-
Rhile Industries, Inc., produces colorful and stylish nursing uniforms. During September, Rhile Industries completed the following transactions: Sept.1Purchased direct materials on account, $59,400....
-
Randy (48) takes a $22,000 distribution from his IRA to pay some of his daughter's $28,000 qualified education expenses at an eligible educational institution. His daughter paid $18,000 of her...
-
The takeover specialist chose to use the value derived from dividend discount model, while the directors prefer to use Net Realisable Value approach. Critically discuss the reasoning of each parties...
-
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon...
Study smarter with the SolutionInn App