subject
Business, 01.06.2021 02:30 iwannasleep

Rachel Sells is unable to reconcile the bank balance at January 31. Rachel’s reconciliation is shown here. Cash balance per bank $3,767.20
Add: NSF check 590.00
Less: Bank service charge 45.00
Adjusted balance per bank $4,312.20
Cash balance per books $4,065.20
Less: Deposits in transit 573.00
Add: Outstanding checks 910.00
Adjusted balance per books $4,402.20

Required:
a. What is the proper adjusted cash balance per bank?
b. What is the proper adjusted cash balance per books?
c. Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books.

ansver
Answers: 1

Another question on Business

question
Business, 20.06.2019 18:02
Adebit card is also know a( a) cash card b) credit card c) gift card d) atm card
Answers: 1
question
Business, 21.06.2019 22:20
Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?
Answers: 2
question
Business, 22.06.2019 16:40
Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.
Answers: 1
question
Business, 22.06.2019 20:00
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
You know the right answer?
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel’s reconciliation is shown...
Questions
question
Mathematics, 03.06.2021 23:20
question
Mathematics, 03.06.2021 23:20
question
Mathematics, 03.06.2021 23:20
question
Mathematics, 03.06.2021 23:20
question
Mathematics, 03.06.2021 23:20
question
Biology, 03.06.2021 23:20