FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $3,236 Deposits in transit 587 Notes receivable

image text in transcribed
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $3,236 Deposits in transit 587 Notes receivable and interest collected by bank 816 Bank charge for check printing 37 Outstanding checks 1,473 NSF check 192 Calculate the adjusted cash balance per books on September 30. a. 2,350 b. $3,129 c. $2,937 d. $3,823

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Special Edition For California State University Los Angeles

Managerial Accounting Special Edition For California State University Los Angeles

Authors: Garrison

14th Edition

0077519973, 978-0077519971

More Books

Students also viewed these Accounting questions

Question

★★★★★
Steve Manufacturing Limited (SML) purchased a large lathe. The invoice cost of the lathe was $5,500,000 but SML was able to reduce the price to $5,300,000. The seller provided terms whereby if the...

Answered: 1 week ago

Question

★★★★★
1. 2 Scher all the questioners must be very praise Chapecir writings will be pellent One of the fastest growing industries in the last twenty years is the Telecininniculier inchusty, which provides...

Answered: 1 week ago

Question

★★★★★
T F Recruiting is an activity of human resources acquisition.

Answered: 1 week ago

Question

★★★★★
Job 401k required $5,000 for direct materials, $2,000 for direct labor, 200 direct labor hours, 100 machine hours, two setups, and three design changes. The cost pools and overhead rates for each...

Answered: 1 week ago

Question

★★★★★
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Menlo Per Unit Total $600,000 40 Sales 28 Variable expenses 420.000 12 Contribution margin 180,000...

Answered: 1 week ago

Question

★★★★★
A study was done to study the effect of ambient temperature x on the electric power consumed by a chemical plant y. Other factors were held constant, and the data were collected from an experimental...

Answered: 1 week ago

Question

★★★★★
Determine whether the sequence converges or diverges. How do you know if it converges or diverges? 1 + 5 + 25 + ... Answer: Converges because it has a sum and r > 1 .

Answered: 1 week ago

Question

★★★★★
If a function does not return anything, then what do you put for its return type? What type of value must the main function return?

Answered: 1 week ago

Question

★★★★★
The air pressure in a tire is 650 kPa. The internal surface area of the tire is 500 cm2. Determine the total force (in kN) applied by the air to the tire.

Answered: 1 week ago

Question

★★★★★
You are a pharmacist in-training at a local hospital and are told to prepare an intravenous (IV) bag of antibiotics in order to treat a patient with bacterial sepsis (i.e., infection of the blood)....

Answered: 1 week ago

Question

★★★★★
The journal bearings are generally used in _ _ a ) Belts b ) Columns c ) Beams d ) Supports

Answered: 1 week ago

Question

★★★★★
What advice could you give to a friend who confides in you that he or she has difficulty concentrating in a class taught by a faculty member for whom English is not a first language? (Objective 3)

Answered: 1 week ago

Question

★★★★★
Hold an in-class debate on one or more of the following statements. (Objective 5) a. It is not necessary to be a team player to succeed in the business world. b. Teams hide a members individual...

Answered: 1 week ago

Question

★★★★★
Identify two advantages and two disadvantages of teams. (Objective 5)

Answered: 1 week ago

Previous Question Next Question