A ________ is a required minimum account balance that may be required by a bank when...
A ________ is a required minimum account balance that may be required by a bank when making a loan to a customer.
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A compensating balance is a required minimum account balance that may be required by a bank when making a loan to a customer.
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A ________ is a required minimum account balance that may be
required by a bank when...
Prepare a bank reconciliation for Diaz's checking account on May 31, 2018 and record the necessary...
Prepare a bank reconciliation for Diaz's checking account on May
31, 2018 and record the necessary cash adjustments in journal seen
in image.
The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018 Cash Balance Cash Balance - May 31, 2018 May 1, 2018Deposits $5,420 $11,340 $5.380 Date Desc. Date No 5/7 471Legal tees 5/12 472 Property tax 515 473 Salaries...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance May 31,...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance May 31, 2021 $5,360 May 1, 2021 + Cash Receipts $5,410 $11, 390 Cash Receipts Date Desc. Amount 5/3 Sales $ 1,330 Sales 1,760 5/17 Sales 2,390 5/24 Sales 2,860 5/31 Sales 3,850 Cash Disbursements $11,440 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Date 5/7 5/12 5/15 5/22 5/30 5/31 5/10 Amount $ 1,170 1,548...
Bank account
A bank in your town updates its customers’ accounts at the end of each month. The bank offers two typesof accounts: Savings and Current. Every customer must maintain a minimum balance. If a customer’sbalance falls below the minimum balance, there is a service charge of $10.00 for savings accounts and$25.00 for current accounts. If the balance at the end of the month is at least the minimum balance, theaccount receives interest as follows:a. Savings accounts receive 4% interest.b. Current accounts...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31,...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising Supplies 476 Salaries Amount $ 1,250 1,620...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1,...
swim save Ltd had an unadjusted bank account ledger balance at 31 May of 900 dr...
swim save Ltd had an unadjusted bank account ledger balance at
31 May of 900 dr
0.013 Swim Save Ltd had an unadjusted bank account ledger balance at 31 May of $900 Dr. The bank statement at the same date showed a balance of 51,190 Cr. Bank service charges for the month were $20 and outstanding cheques totalled $500. The bank statement revealed that the bank had collected dividends for the firm of $80 and a deposit of $270 is...
Ivan Enterprise's bank statement for the month of May showed a balance per bank of $3,025....
Ivan Enterprise's bank statement for the month of May showed a balance per bank of $3,025. The company's Cash account in the general ledger had a balance of $2,220 at May 31. Other information is as follows: (1) Cash receipts for the last week of May recorded on the company's books were $2,200 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $40 for check printing charges. (3) Check No....
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31,...
Required information[The following information applies to the questions displayed below.] The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENTCash Account RecordsMay 1, 2021, to May 31, 2021Cash BalanceCash BalanceMay 1, 2021+Cash Receipts−Cash Disbursements=May 31, 2021$5,300$11,940$12,100$5,140Cash ReceiptsCash DisbursementsDateDesc.AmountDateCheck#Desc.Amount5/3Sales$1,4405/7471Legal fees$1,2805/10Sales1,8705/12472Property tax1,6505/17Sales2,5005/15473Salaries3,5805/24Sales2,9705/22474Advertising1,4805/31Sales3,1605/30475Supplies5305/31476Salaries3,580$11,940$12,100 P.O. Box 162647Midwest BankMember FDICBowlegs, OK 74830Looking Out For You(405) 369-CASHAccount Holder:Diaz EntertainmentAccount Number:7772854360124 Saddle Blvd,Bowlegs, OK 74830Statement Date:May 31, 2021Account SummaryBeginning BalanceDeposits and CreditsWithdrawals and DebitsEnding BalanceMay 1, 2021NO.TotalNO.TotalMay 31, 2021$6,2407$10,0669$9,938$6,368Account DetailsDeposits and...
Java coding help! Write a program to simulate a bank which includes the following. Include a...
Java coding help!
Write a program to simulate a bank which includes the following. Include a commented header section at the top of each class file which includes your name, and a brief description of the class and program. Create the following classes: Bank Customer Account At a minimum include the following data fields for each class: o Bank Routing number Customer First name Last name Account Account number Balance Minimum balance Overdraft fee At a minimum write the following...
Wright Company's cash account shows a $29,500 debit balance and its bank statement shows $27,800 on deposit at the close of business on May 31.
Wright Company's cash account shows a $29,500 debit balance and its bank statement shows $27,800 on deposit at the close of business on May 31. a. The May 31 bank statement lists $200 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,600. c. May 31 cash receipts of $7,200 were placed in the bank's night depository after banking hours and were not recorded on the May 31...
Prepare a bank reconciliation for Diaz's checking account on May
31, 2018 and record the necessary cash adjustments in journal seen
in image.
The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018 Cash Balance Cash Balance - May 31, 2018 May 1, 2018Deposits $5,420 $11,340 $5.380 Date Desc. Date No 5/7 471Legal tees 5/12 472 Property tax 515 473 Salaries...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance May 31, 2021 $5,360 May 1, 2021 + Cash Receipts $5,410 $11, 390 Cash Receipts Date Desc. Amount 5/3 Sales $ 1,330 Sales 1,760 5/17 Sales 2,390 5/24 Sales 2,860 5/31 Sales 3,850 Cash Disbursements $11,440 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Date 5/7 5/12 5/15 5/22 5/30 5/31 5/10 Amount $ 1,170 1,548...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising Supplies 476 Salaries Amount $ 1,250 1,620...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1,...
swim save Ltd had an unadjusted bank account ledger balance at
31 May of 900 dr
0.013 Swim Save Ltd had an unadjusted bank account ledger balance at 31 May of $900 Dr. The bank statement at the same date showed a balance of 51,190 Cr. Bank service charges for the month were $20 and outstanding cheques totalled $500. The bank statement revealed that the bank had collected dividends for the firm of $80 and a deposit of $270 is...
Java coding help!
Write a program to simulate a bank which includes the following. Include a commented header section at the top of each class file which includes your name, and a brief description of the class and program. Create the following classes: Bank Customer Account At a minimum include the following data fields for each class: o Bank Routing number Customer First name Last name Account Account number Balance Minimum balance Overdraft fee At a minimum write the following...
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