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

Question

1 Approved Answer

In preparing its bank reconciliation, Thompson, Inc. has available the following information. Balance per bank statement, April 30 NSF check returned with bank statement Deposits

image text in transcribed

In preparing its bank reconciliation, Thompson, Inc. has available the following information. Balance per bank statement, April 30 NSF check returned with bank statement Deposits in transit as of April 30 Outstanding checks as of April 30 Bank service charges for April $39,140 450 5,000 5,200 20 What is the correct balance of cash at April 30? a. $39,370 b, $38,940 c. $38,490 d.$38,470

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

Operational Auditing Principles And Techniques For A Changing World

Operational Auditing Principles And Techniques For A Changing World

Authors: Hernan Murdock

2nd Edition

1000388247, 9781000388244

More Books

Students also viewed these Accounting questions

Question

★★★★★
What are some of the macro-level information technology challenges that managers face?

Answered: 1 week ago

Question

★★★★★
Which of the following is true about a corporation? OA. Each individual shareholder has individual legal responsibility for the corporation's actions. B. Corporations are exempt from taxes; however,...

Answered: 1 week ago

Question

★★★★★
=+e) We are 95% confident that the true proportion of students who use laptops to take notes is captured in the interval (0.283, 0.417). Section 9.3

Answered: 1 week ago

Question

★★★★★
Altidore Inc. operates a calendar-year-end business that suffers from dramatic seasonal variation in taxable income. For example, it often operates at a net loss for the first two quarters of the...

Answered: 1 week ago

Question

★★★★★
I only need the ROA for NoEquity inc. The answer is NOT 15.17% or 17.17%. i have tried both, and neither worked. Problem 2-19 Debt versus Equity Financing (LG2-1) You are considering a stock...

Answered: 1 week ago

Question

★★★★★
Concord Pest Control Products has the following information available: Net Income $25100 Cash Provided by Operations 32800 Cash Sales 64900 Capital Expenditures 10400 Dividends Paid 2500 What is...

Answered: 1 week ago

Question

★★★★★
5.Discuss supply and demand dynamics in the short-term Treasuries market. What factors are driving the current scarcity in the market and what is the impact of this scarcity on prices/yields?

Answered: 1 week ago

Question

★★★★★
Explain the pages in white the expert taxes

Answered: 1 week ago

Question

★★★★★
The EAI data has information on the annual incomes of managers and whether they have attended the training program or not. This data comprise all the 2500 managers that work for this organization....

Answered: 1 week ago

Question

★★★★★
For workers' compensation in the state of Massachusett , What are the benefits and drawbacks of workers' compensation to employers and employees?

Answered: 1 week ago

Question

★★★★★
Kyles Manog has taken the pop world by storm over the first six months of his career and has asked you to prepare some financial statements for that trading period. Income Kyles sold 4 0 , 0 0 0 DVD...

Answered: 1 week ago

Question

★★★★★
Does it have at least one-inch margins?

Answered: 1 week ago

Question

★★★★★
Does it have correct contact information?

Answered: 1 week ago

Question

★★★★★
Does it exceed two pages in length?

Answered: 1 week ago

Previous Question Next Question