Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented below is information related to Bramble Inc. Balance per books at October 31, $ 142,282.69; receipts $ 589,981.29; disbursements $ 560,638.04. Balance per bank

Presented below is information related to Bramble Inc. Balance per books at October 31, $ 142,282.69; receipts $ 589,981.29; disbursements $ 560,638.04. Balance per bank statement November 30, $ 191,332.28. The following checks were outstanding at November 30. 1224 $ 5,559.99 1230 8,392.22 1232 7,225.51 1233 1,639.38 Included with the November bank statement and not recorded by the company were a bank debit memo for $ 93.16 covering bank charges for the month, a debit memo for $ 1,265.24 for a customers check returned and marked NSF, and a credit memo for $ 4,760.00 representing bond interest collected by the bank in the name of Bramble Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $ 6,512.36. Prepare a bank reconciliation (to the correct balance) at November 30, for Bramble Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.) Prepare journal entries required to adjust the cash account at November 30. (Enter answers to 2 decimal places, e.g. 125.62. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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

Cost Reduction Systems Target Costing And Kaizen Costing

Authors: Yasuhiro Monden

1st Edition

1563270684, 978-1563270680

More Books

Students also viewed these Accounting questions

Question

For the ground state of the hydrogenlike atom, show that r = 3a/2Z.

Answered: 1 week ago

Question

How many different prime factors does 10,241 have?

Answered: 1 week ago

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

What is quality of work life ?

Answered: 1 week ago