Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 09, 2021

The following bank reconciliation statement has been prepared by a trainee accountant: BANK RECONCILIATION 30 SEPTEMBER 20X2 Balance per bank statement (overdrawn) Add: lodgements

The following bank reconciliation statement has been prepared by a trainee accountant: BANK RECONCILIATION 30 SEPTEMBER 20X2 Balance per bank statement (overdrawn) Add: lodgements credited after date Less: outstanding cheques Balance per cash book (credit) $ 36,840 51,240 88,080 43,620 44,460 Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?

Step by Step Solution

★★★★★

3.53 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

A Particulars 1 2 Bank statement 3 De... 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

Step: 3

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

An Introduction to Measure Theoretic Probability

Authors: George G. Roussas

2nd edition

128000422, 978-0128000427

More Books

Students also viewed these Accounting questions

Question

★★★★★

Let X n , n ¥ 1, be independent r.v.s such that |X n | ¤ M n a.s. with M n = o(s n ) where Set and snow that Hint: From the assumption M n = o(s n ) it follows that so that Mn Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Let X be the product of n sets Xi each of which is ordered by 7i. Show that the lexicographic order is complete if and only if the component orders are complete.

Answered: 1 week ago

Question

★★★★★

Let A[1 n] be an array of n distinct numbers. If i A[j], then the pair (i, j) is called an inversion of A. a. List the five inversions of the array 2, 3, 8, 6, 1. b. What array with...

Answered: 1 week ago

Question

★★★★★

Debbie plans to buy a house for cash instead of paying a mortgage. She is willing to set aside $12 000 at the end of each year for 15 years. She puts her savings in a Tax Free Savings Account (TFSA)...

Answered: 1 week ago

Question

★★★★★

Obtain the Laplace transform of the function shown in Figure. 1 14 2

Answered: 1 week ago

Question

★★★★★

Chen Corporation purchases the following business assets during the current year: What is the maximum current year cost-recovery deduction on the assets purchased? Asset Office fumiture Computer Boat...

Answered: 1 week ago

Question

★★★★★

Suppose that customers arrive to a system according to a Poisson process with rate . There are an infinite number of servers in this system so a customer begins?

Answered: 1 week ago

Question

★★★★★

Discuss the role of technology both in the nature of the service that Netflix provides and in the environment in which it competes. Feel free to expand by drawing on any personal knowledge you may...

Answered: 1 week ago

Question

★★★★★

QUESTION 1 (a) Various Phase-Locked Loop (PLL)-based circuits allow achieving different degrees of synchronization (1) With an appropriate diagram, explained TWO conditions when the phased locked...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is correct? a. Non-directional hedge fund strategies are riskier than directional ones O b. In pure plays, a hedge fund manager exploits mispricing in relative...

Answered: 1 week ago

Question

★★★★★

Please assist with the following question. Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: Beginning inventory at these costs on July 1 was 10,900 units....

Answered: 1 week ago

Question

★★★★★

5. [9 points] (Mixture Distributions) Consider two continuous random variables Y and Z, and a random variable X that is equal to Y with probability p and Z with probability 1 - p. (One way to think...

Answered: 1 week ago

Question

★★★★★

Briefly explain how (1) super refraction, (2) subrefraction and (3) ducts could affect the range of a communication link in V/UHF between a ground station and a flying UAV.

Answered: 1 week ago

Question

★★★★★

*P9-8A In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the...

Answered: 1 week ago

Question

★★★★★

Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the parts for its engines, including the carburetors. An outside supplier...

Answered: 1 week ago

Question

★★★★★

You have been appointed as Vice President for Strategic Planning and Execution at Toys R Me. This is a small, but rapidly growing online alternative toy store. Sales last year were $10 million with...

Answered: 1 week ago

Question

★★★★★

On April 1 , $ 1 0 0 , 0 0 0 . 0 0 3 6 4 - day treasury bills were auctioned off to yield 2 . 5 0 % . ( a ) What is the price of each $ 1 0 0 , 0 0 0 . 0 0 T - bill on April 1 ? ( b ) What is the...

Answered: 1 week ago

Question

★★★★★

Dr. Chan obtained a $15,000 demand loan at prime plus 1.5% on September 13 from the Bank of Montreal to purchase a new dental X-ray machine. Fixed payments of $700 will be deducted from the dentists...

Answered: 1 week ago

Question

★★★★★

Consider the mapping X defined on ((, A) onto (' = X((), the image of ( under X, and Let C' ( P ((') be defined as follows: C' = {B ( ('; B = X(A), A ( A}. Then, by means of an example, show that C'...

Answered: 1 week ago

Question

★★★★★

Let P = {An, n = 1, 2,...} be a partition of ( where An ( (, n 1, and let C be the class of all sums of members in P. Then show that C is the -field generated by the class P.

Answered: 1 week ago

Question

★★★★★

(i) For any r.v. X, show that P(|X| ( c) ( |X|/c (c > 0), by using the obvious inequality |X| ( c). In particular, if X ( 0, then P(X ( c) ( X/c? (ii) For any r.v. X and any c > 0, show that P(X (...

Answered: 1 week ago

Question

★★★★★

XtraNet, an Internet service provider (ISP), has experienced rapid growth in the past five years. As a part of its marketing strategy, XtraNet promises fast connections and dependable service. To...

Answered: 1 week ago

Question

★★★★★

Assuming the population of interest is approximately normally distributed, construct a 95% confidence interval estimate for the population mean given the following values:

Answered: 1 week ago

Question

★★★★★

A regional U.S. commercial bank issues both Visa credit cards and MasterCard credit cards. As a part of its annual review of the profitability of each type of credit card, the bank randomly samples...

Answered: 1 week ago

Previous Question Next Question