Mathematics
Mathematics, 15.01.2021 07:30, quinnmal023

Bank Reconciliation and Entries The cash account for Deaver Consulting at October 31, 20Y6, indicated a balance of $15,750. The bank statement indicated a balance of $31,095 on October 31, 20Y6. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

Checks outstanding totaled $10,125.
A deposit of $4,120, representing receipts from October 31, had been made too late to appear on the bank statement.
The bank had collected $10,400 on a note left for collection. The face of the note was $10,000.
A check for $1,200 returned with the statement had been incorrectly recorded by Deaver Consulting as $120. The check was for the payment of an obligation to Oxford Office Supplies Co. for the purchase of office supplies on account.
A check drawn for $320 had been incorrectly charged by the bank as $230.
Bank service charges for October amounted to $70.

1. Prepare a bank reconciliation.
2. Illustrate the effects on the accounts and financial statements of the bank reconciliation. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.

answer
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:00, thegent1859
This is the number of parts out of 100, the numerator of a fraction where the denominator is 100. submit
Answers: 3
image
Mathematics, 21.06.2019 21:30, tanabugg
Extra points! find the missing dimension! need asap
Answers: 2
image
Mathematics, 21.06.2019 22:00, HistoryLee
You are standing next to a really big circular lake. you want to measure the diameter of the lake, but you don't want to have to swim across with a measuring tape! you decide to walk around the perimeter of the lake and measure its circumference, and find that it's 400\pi\text{ m}400? m. what is the diameter dd of the lake?
Answers: 3
image
Mathematics, 21.06.2019 23:30, kodak0531
What is the arc length of the subtending arc for an angle of 72 degrees on a circle of radius 4? o a. 8a oc. 16 t d. 8
Answers: 3
Do you know the correct answer?
Bank Reconciliation and Entries The cash account for Deaver Consulting at October 31, 20Y6, indicat...

Questions in other subjects:

Konu
Mathematics, 22.04.2020 03:23
Konu
Mathematics, 22.04.2020 03:24