Business, 18.06.2020 16:57, Morehollie2964

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:
Cash balance according to the company's records at July 31, $15,530.
Cash balance according to the bank statement at July 31, $16,190.
Checks outstanding, $3,150.
Deposit in transit, not recorded by bank, $2,530.
A check for $340 in payment of an account was erroneously recorded in the check register as $430.
Bank debit memo for service charges, $50.
Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge.
A. July 31 Cash
Accounts Payable
B. July 31 Miscellaneous Expense
Cash Feedback

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:20, shakira11harvey6

Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?

Answers: 1

continue

Business, 22.06.2019 19:30, janayshas84

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Answers: 3

continue

Business, 22.06.2019 20:00, bwelsh880

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49

Answers: 1

continue

Business, 22.06.2019 22:00, KHaire6856

The following table gives the map coordinates and the shipping loads for a set of cities that we wish to connect through a central hub.,(7,(4,(7,(6,(2,( 2,) for the location of the proposed new central hub, the coordinates should be near: x==) if the shipments from city a double, for the location of the proposed new central hub, the coordinates should be near: x==.926.865.017.21

Answers: 1

continue

Do you know the correct answer?

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank...