Bank reconciliation Prepare a bank reconciliation as of October 31 from the following information:
a. The October 31 cash balance in the general ledger is $1,688.
b. The October 31 balance shown on the bank statement is $746.
c. Checks issued but not returned with the bank statement were No. 462 for $26 and No. 483 for $100.
d. A deposit made late on October 31 for $900 is included in the general ledger balance but not in the bank statement balance.
e. Returned with the bank statement was a notice that a customer’s check for $150 that was deposited on October 25 had been returned because the customer’s account was overdrawn.
f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 was $64 but that in the company’s records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $46.
Canal Toweris a division of Sounder Products. For the most recent year, Canal Towerhad net income of $16,000,000. Included in income was interest expense of $1,200,000. T...Jan 24 2020
It is August 20, and you are trying to determine which of two bonds is the cheaper bond to deliver on the December Treasury bond futures contract. The futures price is 89...Mar 29 2020
Light is required for the light dependent reactions because (A) It is the source for electrons (B) It splits the water molecule (C) It energizes electrons in the re...Mar 13 2018
If a force of P=6lb is applied perpendicular to the handle of the mechanism, determine the magnitude of force F for equilibrium. The members are pin-connected at A, B, C, andD.Jul 03 2020
At the Kicher Company’s current activity level of 8,000 units per month, the costs of producing and selling one unit of the company’s only product are as follows: Direct ...Apr 14 2020
On November 1, Alan Company signed a 120-day, 8% note payable,with a face value of $17,100. What is the adjusting entry for theaccrued interest at December 31 on the note...Mar 25 2020
You are an American Transcendentalist in 2018. What is this movement called Transcendentalism, and why is it important? Write your paper as if you are defining the moveme...Mar 17 2020
Develop forecasted balance sheets and income statements.Nov 27 2019
A thick wood slab (k = 0.17 W/m·K and α = 1.28 × 10-7 m2 /s) that is initially at a uniform temperature of 25°C is exposed to hot gases at 550°C for a period of 5 min. Th...Jul 23 2020
What is meant by the term life cycle? Why would this be a consideration in product or service design?9. Why is R&D a key factor in productivity improvement? Name som...Aug 09 2020
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.