Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please hurry up Question 17 (5 points) The following information is available for Rocket League Corporation for the month of August, 2015: 1. The balance

Please hurry up image text in transcribed
image text in transcribed
image text in transcribed
Question 17 (5 points) The following information is available for Rocket League Corporation for the month of August, 2015: 1. The balance on the bank statement on August 31, 2015, is $14,782. 2. The August 31, 2015, deposit of $2,645 is not recorded on the bank statement. 3. A total of $6,257 worth of cheques were written in July and August 2015 but have not yet been cashed at the bank. 4. A customer's cheque in the amount of $545 was returned by the bank NSF. 5. Bank service charges amounted to $48. 6. Cheque # 356 for office supplies was incorrectly recorded in the books of accounts in the amount of $1,985. The correct amount (and the amount that cleared the bank account) is $1.598. 7. The bank charged interest on the line of credit in the amount of $1.725. 8. A cheque in the amount of $555 cleared the bank account. This cheque was written by Bracket League Corporation and was charged to Rocket League's account by mistake. 9. The cash account on the company's books shows a balance of $13.656 before any reconciliation. REQUIRED in the blanks below for the amounts used in the company's bank reconciliation on August 31, 2015 When one asked to provide the total of amounts added include only the positive amounts or additions de no negative amounts). Similarly when sed to provide the total of amounts subtracted, include only the negative REQUIRED Fill in the blanks below for the amounts used in the company's bank reconciliation on August 31, 2015. When being asked to provide the total of amounts added, include only the positive amounts or additions (i.e. no negative amounts). Similarly, when being asked to provide the total of amounts subtracted, include only the negative amounts or subtractions (i.e. no positive amounts) but ignore the minus sign. Round to the nearest dollar. NOTE: You must enter all numbers in the format of ####. Do not enter dollar signs or commas. Here are examples of the correct format: 1000 11000 111000 The total of all amounts added to adjust the cash balance per bank statement is: The total (without the minus sign) of all amounts subtracted to adjust the cash balance per bank statement is: The total of all amounts added to adjust the cash balande per books is The total without the inssin of all amounts subtracted to adjust the cash balance per The total of all amounts added to adjust the cash balance per bank statement is: The total (without the minus sign) of all amounts subtracted to adjust the cash balance per bank statement is: The total of all amounts added to adjust the cash balance per books is: The total (without the minus sign) of all amounts subtracted to adjust the cash balance per books is: Adjusted cash balance per books is

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

Horngren S Financial And Managerial Accounting The Managerial Chapters RENTAL EDITION

Authors: Miller-Nobles

1st Edition

0136503748, 978-0136503743

More Books

Students also viewed these Accounting questions

Question

What is a cored structure? Under what conditions is it produced?

Answered: 1 week ago

Question

2. When is a request routine?

Answered: 1 week ago