subject
Business, 18.03.2021 01:10 musiclyhollywoodbabo

Swifty Company has just received the August 31, 2020, bank statement, which is summarized below. County National Bank Disbursements Receipts Balance
Balance, August 1 $12,939
Deposits during August $44,468 57,407
Note collected for depositor,
including $55 interest 1,436 58,843
Checks cleared during August $47,645 11,198
Bank service charges 28 11,170
Balance, August 31 11,170

The general ledger Cash account contained the following entries for the month of August.

Cash
Balance, August 1 13,879 Disbursements in August 48,208
Receipts during August 48,335

Deposits in transit at August 31 are $5,248, and checks outstanding at August 31 total $1,450. Cash on hand at August 31 is $428. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August.

Required:
Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance and adjusting entries.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer
Answers: 1
question
Business, 22.06.2019 07:00
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
Answers: 1
question
Business, 22.06.2019 17:30
Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding
Answers: 2
question
Business, 22.06.2019 19:00
What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4
Answers: 1
You know the right answer?
Swifty Company has just received the August 31, 2020, bank statement, which is summarized below. Co...
Questions
Questions on the website: 13722359