Business, 26.07.2021 22:20 evanlubbe53

The company then asks you to look at the bank statement as there may have been some suspicious transaction in the month of December. Your examination reveals the following: • Cheque no. 012 $2,104, no. 045 $4,660, no. 034 $1,168 no 005 $ 2,360 were written in December but are still outstanding.
• The bank rejected cheques amounting to $231, with a note stating ‘NSF’.
• A credit memo of $2,170 was collected by the bank, without notice to the company. This represented money owed by a customer.
• Bank service charge is $2,100 for the month, due to special cheque books printed by the bank for the company. • Interest of $550 was earned on the bank account.
• Cheques for $3,000 were entered into the cash book and deposited in the bank but was only recorded by the bank in January..
• Cheques No. 005 for $201 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $210.

Bank balance - $26,250
Cash book balance - $18,560
You are now required to:

Prepare a Bank Reconciliation for the month of December.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 16:00

Danny "dimes" donahue is a neighborhood's 9-year-old entrepreneur. his most recent venture is selling homemade brownies that he bakes himself. at a price of $2 each, he sells 100. at a price of $1.5 each, he sells 300. instructions: round your answer to 1 decimal place. a. what is the elasticity of demand? 3.50 â± 0.1 . b. is demand elastic or inelastic over this price range? . c. if demand had the same elasticity for a price decline from $1.5 to $1 as it does for the decline from $2 to $1.5, would cutting the price from $1.5 to $1 increase or decrease danny's total revenue? .

Answers: 1

Answer

Business, 22.06.2019 10:00

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting

Answers: 1

Answer

Business, 22.06.2019 11:30

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer

Answers: 3

Answer

Business, 22.06.2019 14:30

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false

Answers: 1

Answer

You know the right answer?

The company then asks you to look at the bank statement as there may have been some suspicious trans...

Questions

Business, 29.03.2021 23:00

Olly University has two departments: Finance and Accounting. The two departments are supported by two service departments, personnel and secretarial s...