Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q NO 3:- It is March 31/2008 and AL- Rasheed Trading co. is ready to Prepare its March bank reconciliation. The following information is available:-

image text in transcribed Q NO 3:- It is March 31/2008 and AL- Rasheed Trading co. is ready to Prepare its March bank reconciliation. The following information is available:- a- Company Cash Account C. Additional information: 1- The co. over stated one of its deposit by 9 , the bank record it correctly. 2. The bank cleared a 178 check as a 187 The error has not been corrected by the bank. 3- End of February: deposit in transit, 1550; check out standing , 4000 . Required :- 1- Based on The data given above, compute the march 31 , deposit in transit and cheeks out standing . 2- Prepare a bank reconciliation for Mach. Use Bank and book balance to correct cash balance format. 3- Give all journal entries that should be made based on your bank reconciliation

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

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

7th Edition

978-0-538-4527, 0-538-45274-9, 978-1133161646

More Books

Students also viewed these Accounting questions

Question

In Exercises solve the differential equation. y' = xy

Answered: 1 week ago

Question

..

Answered: 1 week ago

Question

5. Identify three characteristics of the dialectical approach.

Answered: 1 week ago