Accompanying a bank statement for Santee Company is a credit memo for $31,752 representing the principal...
Accompanying a bank statement for Santee Company is a credit memo for $31,752 representing the principal ($29,400) and interest ($2,352) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries.
On March 1, journalize the entry that should be made by the company to bring the accounting records up to date. Refer to the Chart of Accounts for exact wording of account titles.
Homework Answers
Add Answer to:
Accompanying a bank statement for Santee Company is a credit
memo for $31,752 representing the principal...
Entries for note collected by bank Instructions Chart of Accounts Journal Instructions Accompanying a bank state...
Entries for note collected by bank Instructions Chart of Accounts Journal Instructions Accompanying a bank statement for Santee Company is a credit memo for $31,752 representing the principal ($29,400) and interest ($2,352) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. On March 1, journalize the entry that should be made by the company to bring the accounting records up...
Book Show Me How Calculator Bank reconciliation and entries | Chart of Accounts Amount Descriptions Instructions...
The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of $388,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A Checks outstanding totaled $61,280. B. A deposit of $42,500, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $42.000 on a $40,000 note, including interest of...
I need help I want to make sure I going in right Direction The cash account...
I need help I want to make sure I going in right Direction
The cash account for American Medical Co.at April 30 indicated a balance of $84.457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on...
Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Capstone Medical Co....
Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Capstone Medical Co. at November 30, 2016, indicated a balance of 585,920. The bank statement indicated a balance of $127,910 on November 30, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items A. Checks outstanding totaled $32,540 B. A deposit of $18,540, representing receipts of November 30, had been made too late to appear on the...
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,527....
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and checks written totaled $135,890. The bank statement indicated a balance of $43,660 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,625. b. A deposit of $1,888 representing receipts of October 31, had been made too late...
The following data were gathered to use in reconciling the bank account of Reddan Company: Balance...
The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $17,800 Balance per company records 9,075 Bank service charges 25 Deposit in transit 2,900 Note collected by bank with $200 interest 4,900 Outstanding checks 6,750 Instructions a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.
The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The...
The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of $388,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $61,280. B. A deposit of $42,500, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $42,000 on a $40,000 note,...
Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instructions The cash account for American...
Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instructions The cash account for American Medical Co. 1 April 30 indicated a balance of $394,965. The bank statement indicated a balance of 5368,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memes with the records revealed the following reconciling Home A Checks outstanding totaled 561,200 B. A deposit of $42.500, representing receipts of April 30. had been made too late to appear on the...
The following data were accumulated for use in reconciling the bank account of Zek's Co. for May 2016:
The following data were accumulated for use in reconciling the bank account of Zek's Co. for May 2016: 1. Cash balance according to the company's records at May 31, 2016, $18,257 2. Cash balance according to the bank statement at May 31, 2016, $27,261 3. Checks outstanding, $14,624 4. Deposit in transit, not recorded by bank, $6,131. 5. A check for $58 in payment of an account was erroneously recorded in the check register as $580. 6. Bank debit memo for service charges, $11 Journalize the entry...
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $30,356....
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $30,356. During October, the total cash deposited was $141,640, and checks written totaled $137,652. The bank statement indicated a balance of $43,000 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,515 b. A deposit of $1,779 representing receipts of October 31, had been made too late...
Entries for note collected by bank Instructions Chart of Accounts Journal Instructions Accompanying a bank statement for Santee Company is a credit memo for $31,752 representing the principal ($29,400) and interest ($2,352) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. On March 1, journalize the entry that should be made by the company to bring the accounting records up...
I need help I want to make sure I going in right Direction
The cash account for American Medical Co.at April 30 indicated a balance of $84.457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on...
Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Capstone Medical Co. at November 30, 2016, indicated a balance of 585,920. The bank statement indicated a balance of $127,910 on November 30, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items A. Checks outstanding totaled $32,540 B. A deposit of $18,540, representing receipts of November 30, had been made too late to appear on the...
Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instructions The cash account for American Medical Co. 1 April 30 indicated a balance of $394,965. The bank statement indicated a balance of 5368,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memes with the records revealed the following reconciling Home A Checks outstanding totaled 561,200 B. A deposit of $42.500, representing receipts of April 30. had been made too late to appear on the...
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $30,356. During October, the total cash deposited was $141,640, and checks written totaled $137,652. The bank statement indicated a balance of $43,000 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,515 b. A deposit of $1,779 representing receipts of October 31, had been made too late...
Most questions answered within 3 hours.
-
Which of the following does NOT add to US GDP? A. Saudi Arabia
buys fighter jets...
asked 1 hour ago -
2. Describe market equilibrium in terms of the following
characteristics
d.
How supply and demand interactions...
asked 45 minutes ago -
1a. Create a class named Computer
- Separate declaration from implementation (i.e. Header and CPP
files)...
asked 1 hour ago -
A medical researcher
believes that a drug changes the body's temperature. Seven test
subjects are randomly...
asked 1 hour ago -
A call option on Project Cash Flow Consulting Inc.'s stock (PCF)
has a market price of...
asked 1 hour ago -
A study on the latest fad diet claimed that the amounts of
weight lost by all...
asked 1 hour ago -
give examples of how gene expression is inherited to the next
generation?
asked 1 hour ago -
If a project has _________ IRR(s), we should __________ . Assume
this project is competing with...
asked 1 hour ago -
In the figure, a sound of wavelength 0.700 m is emitted
isotropically by point source S....
asked 1 hour ago -
1) Stock X has a beta of 1.6. If the risk free rate is 3.4
percent...
asked 1 hour ago -
Gallium is produced by the electrolysis of a solution obtained
by dissolving gallium oxide in concentrated...
asked 2 hours ago -
A small company that manufactures juggling equipment makes 19
different types of clubs. The company wants...
asked 2 hours ago