Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

PLEASE FILL IN ALL BLANKS! Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here Cash

PLEASE FILL IN ALL BLANKS!
Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,662.20 515.00 42.00 $5,135.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per book:S $4,960.20 576.00 835.00 $5,219.20 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per bank (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per books

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Take classes on just about any topic that are taught by people who look like you?

Answered: 1 week ago

Question

★★★★★

The following are the statements of financial position of Garden plc, its subsidiary Rose Ltd and its associate Petal Ltd: On 1 January 20X3 Garden plc acquired 75% of Rose Ltd for £300,000...

Answered: 1 week ago

Question

★★★★★

North Street Corporation manufactures two models of motorized go - carts, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Number of...

Answered: 1 week ago

Question

★★★★★

Part 2: Cunduct researdl nn yuur desired occupation and identify how much curnpensatiun (return) you expect to earn. How long will it take to pay back the return on this investment? Be sure to...

Answered: 1 week ago

Question

★★★★★

Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a...

Answered: 1 week ago

Question

★★★★★

All questions are about NAFTA: 4-5+ sentences per question Are you able to describe the social environment impact on business NAFTA created? Based on your opinion, do you see a need for changes in...

Answered: 1 week ago

Question

★★★★★

You are a senior leader in a school or business and have been asked to conduct an internal audit of the organization's HR functions. If you were to write a memo to supervisors in your organization...

Answered: 1 week ago

Question

★★★★★

Determine the position of the centre of gravity (c.g.) and 2nd moment of inertia with respect to c.g. of the section shown below, where A = 6 mm and B 4 mm. X B a) Calculate the X = b) y A B mm with...

Answered: 1 week ago

Question

★★★★★

Create a variable named "$Cred" and use a parenthetical with the Get-Credential cmdlet Run this line of code and it will prompt you for the Username and Password for the remote computer. The results...

Answered: 1 week ago

Previous Question Next Question