Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the answer? D Question 22 3 pts 5.200 6.750 In preparing its bank reconciliation, Smile Corporation has the following data: Balance per bank

What is the answer? image text in transcribed
image text in transcribed
image text in transcribed
D Question 22 3 pts 5.200 6.750 In preparing its bank reconciliation, Smile Corporation has the following data: Balance per bank statement, 12/31/19 P 38075 Deposit in transit 12/01/2019 Outstanding Check, 12/31/2019 Amount erroneously credited by the bank to Smiley's account. 12/28/2019 Bank Services Charges How much is Smile's adjusted cash balance at December 31,2014? 400 75 [No decimal places. no commas, no periods, no letters please. Example: 400 Question 24 3 pts On June 1, a petty cash fund was established amounting to P10,000. At the end of the same month, you are inspecting the petty cash box and noted the following Cash on hand - P250 Expenses paid based on vouchers - P9.600 How much is the cash shortage based on the available data above? [No decimal places, no commas, no periods, no letters please. Example: 400 In preparing its August 31, 2017 bank reconciliation Graceful Company has the following information: Balance per book 180. 050 Deposit in Transit 30.250 Return customer's check for insufficient funds 6,000 Outstanding checks 20.750 150.000 Proceeds of the loan applied by Graceful Company (not yet recorded by Graceful) Unrecorded bank service charge for August 150 A payment for P51.150 was erroneously recorded by the depositor's accountant as P5.150. What is Graceful Company's adjusted book balance at August 31, 2017? (No decimal places, no commas, no periods, no letters please. Example: 400)

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_2

Step: 3

blur-text-image_3

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

Introduction To AccountingAn Integrated Approach

Authors: Penne Ainsworth, Dan Deines

8th Edition

1119600103, 9781119600107

More Books

Students also viewed these Accounting questions

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago