Homework Answers
1.
| Bank Reconciliation | |||
| Balance as per Bank | $ 12,749 | Balance as per company records | $ 8,439 |
| Add : Deposit in transit | $ 3,235 | Add : Collections made by bank | $ 6,400 |
| Add : Incorrect entry by bank | $ 860 | Add : Interest | $ 1,020 |
| Less : Outstanding check | $ 1,275 | Less : Bank Charges | $ 290 |
| Adjusted Balance as per Bank | $ 15,569 | Adjusted Balance as per company records | $ 15,569 |
2.
| Account Titles | Debit | Credit |
| Cash | $ 7,420 | |
| Note Receivable | $ 6,400 | |
| Interest Revenue | $ 1,020 | |
| Bank Charges | $ 290 | |
| Cash | $ 290 |
Add Answer to:
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8.439. The...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,436. The...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,436. The company's cash receipts for the month total $74,580, of which $71,360 has been deposited in the bank. In addition, the company has written checks for $72,506, of which $71,216 has been processed by the bank The bank statement reveals an ending balance of $12,676 and includes the following items not yet recorded by Damon: bank service fees of $280, note receivable collected by the...
On October 31, 2021. Damon Company's general ledger shows a checking account balance of $8,430. The...
On October 31, 2021. Damon Company's general ledger shows a checking account balance of $8,430. The company's cash receipts for the month total $74,540, of which $71,350 has been deposited in the bank. In addition, the company has written checks for $72,500, of which $71,180 has been processed by the bank. The bank statement reveals an ending balance of $12,530 and includes the following items not yet recorded by Damon: bank service fees of $260, note receivable collected by the...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,442. The...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,442. The company's cash receipts for the month total $74,620, of which $71,370 has been deposited in the bank. In addition, the company has written checks for $72,512, of which $71,252 has been processed by the bank, The bank statement reveals an ending balance of $12,822 and includes the following items not yet recorded by Damon: bank service fees of $300, note receivable collected by the...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. In addition, the company has written checks for $72,515, of which $71,270 has been processed by the bank points The bank statement reveals an ending balance of $12,895 and includes the following items not yet recorded by Damon: bank service fees of $310, note receivable collected by...
On October 31, 2021, Damon Company’s general ledger shows a checking account balance of $8,400. The...
On October 31, 2021, Damon Company’s general ledger shows a
checking account balance of $8,400. The company’s cash receipts for
the month total $74,340, of which $71,300 has been deposited in the
bank. In addition, the company has written checks for $72,470, of
which $71,000 has been processed by the bank.
The bank statement reveals an ending balance of $11,800 and
includes the following items not yet recorded by Damon: bank
service fees of $160, note receivable collected by the...
the second entry is " record the amounts that decrease cash" On October 31, 2021, Damon...
the second entry is " record
the amounts that decrease cash"
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,415. The company's cash receipts for the month total $74,440, of which $71,325 has been deposited in the bank. In addition, the company has written checks for $72,485, of which $71,090 has been processed by the bank. The bank statement reveals an ending balance of $12,165 and includes the following items not yet recorded by...
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for...
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7864. Cash receipts yet to be deposited into the checking account total $3,258, and checks written by the academy but not yet processed by the bank total $1.345. The company's balance of cash does not reflect a bank service fee of $27 and interest earned on the checking account of $38. These amounts are included in the balance of cash of $5.962...
Saved On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance...
Saved On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,854. Cash receipts yet to be deposited into the checking account total $3,248, and checks written by the academy but not yet processed by the bank total $1,335 The company's balance of cash does not reflect a bank service fee of $26 and interest earned on the checking account of $37. These amounts are included in the balance of cash of...
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for...
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,924. Cash receipts yet to be deposited into the checking account total $3,318, and checks written by the academy but not yet processed by the bank total $1,405. The company's balance of cash does not reflect a bank service fee of $33 and interest earned on the checking account of $44. These amounts are included in the balance of cash of $6,022...
Exam - Chapters 45,6 Seved Help Save & EX On October 31, 2021, the bank statement...
Exam - Chapters 45,6 Seved Help Save & EX On October 31, 2021, the bank statement for a company shows a balance of $12.895, while the company's records show a balance of $8.445. Information that might be useful in preparing a bank reconciliation follows: -- The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. --The company has written checks for $72,515, of which $71,270 has been processed by the bank. --Bank...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,436. The company's cash receipts for the month total $74,580, of which $71,360 has been deposited in the bank. In addition, the company has written checks for $72,506, of which $71,216 has been processed by the bank The bank statement reveals an ending balance of $12,676 and includes the following items not yet recorded by Damon: bank service fees of $280, note receivable collected by the...
On October 31, 2021. Damon Company's general ledger shows a checking account balance of $8,430. The company's cash receipts for the month total $74,540, of which $71,350 has been deposited in the bank. In addition, the company has written checks for $72,500, of which $71,180 has been processed by the bank. The bank statement reveals an ending balance of $12,530 and includes the following items not yet recorded by Damon: bank service fees of $260, note receivable collected by the...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,442. The company's cash receipts for the month total $74,620, of which $71,370 has been deposited in the bank. In addition, the company has written checks for $72,512, of which $71,252 has been processed by the bank, The bank statement reveals an ending balance of $12,822 and includes the following items not yet recorded by Damon: bank service fees of $300, note receivable collected by the...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. In addition, the company has written checks for $72,515, of which $71,270 has been processed by the bank points The bank statement reveals an ending balance of $12,895 and includes the following items not yet recorded by Damon: bank service fees of $310, note receivable collected by...
On October 31, 2021, Damon Company’s general ledger shows a
checking account balance of $8,400. The company’s cash receipts for
the month total $74,340, of which $71,300 has been deposited in the
bank. In addition, the company has written checks for $72,470, of
which $71,000 has been processed by the bank.
The bank statement reveals an ending balance of $11,800 and
includes the following items not yet recorded by Damon: bank
service fees of $160, note receivable collected by the...
the second entry is " record
the amounts that decrease cash"
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,415. The company's cash receipts for the month total $74,440, of which $71,325 has been deposited in the bank. In addition, the company has written checks for $72,485, of which $71,090 has been processed by the bank. The bank statement reveals an ending balance of $12,165 and includes the following items not yet recorded by...
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7864. Cash receipts yet to be deposited into the checking account total $3,258, and checks written by the academy but not yet processed by the bank total $1.345. The company's balance of cash does not reflect a bank service fee of $27 and interest earned on the checking account of $38. These amounts are included in the balance of cash of $5.962...
Saved On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,854. Cash receipts yet to be deposited into the checking account total $3,248, and checks written by the academy but not yet processed by the bank total $1,335 The company's balance of cash does not reflect a bank service fee of $26 and interest earned on the checking account of $37. These amounts are included in the balance of cash of...
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,924. Cash receipts yet to be deposited into the checking account total $3,318, and checks written by the academy but not yet processed by the bank total $1,405. The company's balance of cash does not reflect a bank service fee of $33 and interest earned on the checking account of $44. These amounts are included in the balance of cash of $6,022...
Exam - Chapters 45,6 Seved Help Save & EX On October 31, 2021, the bank statement for a company shows a balance of $12.895, while the company's records show a balance of $8.445. Information that might be useful in preparing a bank reconciliation follows: -- The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. --The company has written checks for $72,515, of which $71,270 has been processed by the bank. --Bank...
Most questions answered within 3 hours.
-
Do you believe that some things that fall into the category of
“pseudoscience” are worth believing...
asked 17 minutes ago -
A 0.100-kg, 59.6-cm-long uniform bar has a small 0.070-kg mass
glued to its left end and...
asked 9 minutes ago -
Direct Labor Variances
The following data relate to labor cost for production of 4,600
cellular telephones:...
asked 23 minutes ago -
On July 27, 2018, shareholders of the Walt Disney Company and
21st Century Fox agreed to...
asked 1 minute ago -
Write a brief response, 30-90-words, for each question below. 1.
In your own words, define “Auditing.”...
asked 6 minutes ago -
Water flows through a 8-foot wide and 4-foot tall rectangular
channel. If the desired flow rate...
asked 13 minutes ago -
Cruz Video Center accumulates the following cost and net
realizable data at December 31.
Cameras $14,700...
asked 17 minutes ago -
1. Describe the differences between management in the nonprofit
sector and management in other sectors. How...
asked 24 minutes ago -
Identify the location of the following corresponding operand if
the address field in an instruction contains...
asked 25 minutes ago -
A new battery's voltage may be acceptable (A) or unacceptable
(U). A certain flashlight requires two...
asked 28 minutes ago -
Water has significant IMF, which result in many of its unique
properties—high boiling point relative to...
asked 47 minutes ago -
I need help with an executive summary for Adidas Items to be
included are a discription...
asked 40 minutes ago