Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 8-14 (algo) bank reconciliation lo p3 wri

Exercise 8-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $30,100 debit...

80.2K

Verified Solution

Question

Accounting

image
image
Exercise 8-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $30,100 debit balance and its bank statement shows $28,400 on deposit at the close of business on May 31 a. The May 31 bank statement lists $230 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,900. c. May 31 cash receipts of $7,500 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement. d. In reviewing the bank statement, a $530 check written by Smith Company was mistakenly drawn against Wright's account. e. The bank statement shows a $340 NSF check from a customer, the company has not yet recorded this NSF check. Check m \begin{tabular}{|l|l|l|l|l|} \hline Bank statement balance & Bank Reconciliation \\ \hline Add & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline Deduct: & & & \\ \hline & & & & \\ \hline & & & \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Reaction to the power of roman emperors need to write a 350 word essay so just...

Medical Sciences
Q

1. Two devices that can be used to breakdown a spectrum into its components are the...

Physics
Q

34.) 5. We perform a multi-slit experiment, using N = 6 slits. The wavelength of the...

Physics
Q

Explain in details what executive compensation is and how it's useful in Business Ethics

General Management
Q

estion 8 1 point Lilaste ology Of the following anatomical structures which is homologous to...

Biology
Q

Which of the followings does NOT describe Job Guarantee program it directly addresses the issue...

Biology
Q

A massless spring of spring constant 100 N m in its unstretched position is hanged...

Physics
Q

Consider the curve (in the plane) formed by: the line segment from (2, 0) to...

Basic Math
Q

Complete the statement about the function If necessary use inf for as in inf means...

Algebra
Q

Subtract 4r 2r 5 25 2r 5 Reduce your answer to lowest terms

Algebra
Q

7. Management is the art of getting things done through and with an informally organized...

Accounting
Q

(b) Ahmed Manufacturing LLC is a specialty component manufacturer with idle capacity. Management would like...

Accounting