Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

r7 Question 6 of 9 -/1 E View Policies Current Attempt in Progress For the months of January and February, Carla Vista Ltd. recorded cash

image text in transcribed
image text in transcribed
r7 Question 6 of 9 -/1 E View Policies Current Attempt in Progress For the months of January and February, Carla Vista Ltd. recorded cash deposits in its books of $4,500 and $5,600, respectively. For the same two months, the bank reported deposits totalling $4,400 and $4,500, respectively. Assuming that there were no deposits in transit at the beginning of January, what was the amount of deposits in transit at the end of January and at the end of February? January February Deposit in transit 100 $ 1100 e Textbook and Media Assistance Used Save for Later Attempts: 0 of 1 used Submit Answer Last saved 23 hours ago Saved work will be auto-submitted on the due date. The reconciled cash balance from Sandhill Corporation's August 31 bank reconciliation was $34,120. Sandhill recorded the following events in the general ledger Cash account during the month of September: (1) (2) (3) (4) cheques totalling $173,440 were issued; salaries of $38,360 were electronically deposited to employee accounts: the monthly EFT payment of $2,530 was made for rent; and deposits totalled $195,650. (a) Calculate Sandhill's cash balance in the general ledger Cash account on September 30, prior to the bank reconciliation. Cash balance $ 40890 Assistance Used e Textbook and Media

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions