Business, 19.07.2021 16:10 Jordan0423

Using the following information: (a) The bank statement balance is $4,690.
(b) The cash account balance is $5,080.
(c) Outstanding checks amounted to $715.
(d) Deposits in transit are $1,020.
(e) The bank service charge is $40.
(f) A check for $72 for supplies was recorded as $27 in the ledger.
Required:
Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign.
Labels
August 31
Adjustments
Amount Descriptions
Bank service charge
Deposits in transit not recorded by bank
Error in recording
Outstanding checks
Total adjustments
Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign.
Miller Co.
Bank Reconciliation
1 Cash balance according to bank statement
2
3
4
5
6 Adjusted balance
7 Cash balance according to companyâs records
8
9
10
11
12 Adjusted balance

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:00

When color is used on a topographical drawing, black is used to represent what?

Answers: 1

Answer

Business, 22.06.2019 11:30

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)

Answers: 2

Answer

Business, 22.06.2019 20:10

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account

Answers: 3

Answer

Business, 23.06.2019 07:30

Anew manufacturing technology makes it easier to make the product and causes a shift in the supply curve. what is the new equilibrium point after implementing the new technology? (hint: determine which direction a easier production shifts the supply curve and use that direction to pick the resulting equilibrium point.) $6 and 20,000 $4 and 30,000 $6 and 30,000 $4 and 20,000

Answers: 3

Answer

You know the right answer?

Using the following information: (a) The bank statement balance is $4,690.
(b) The cash accou...

Questions