Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on august 1, 20x1, the accountant for western expo

On August 1, 20X1, the accountant for Western Exports downloaded the company's July 31, 20X1,...

80.2K

Verified Solution

Question

Accounting

On August 1, 20X1, the accountant for Western Exports downloaded the company's July 31, 20X1, bank statement from the bank's Website. The balance shown on the bank statement was $28,810. The July 31, 20X1, balance in the Cash account in the general ledger was $13,687. Jenny Iglesias, the accountant for Western Exports, noted the following differences between the bank's records and the company's Cash account in the general ledger. An electronic funds transfer for $14,900 from Defontaine Equipment, a customer located in France, was received by the bank on July 31. Check 1422 was correctly written and recorded for $1,200. The bank mistakenly paid the check for $1,230. The accounting records indicate that Check 1425 was issued

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If the price of your bond is currently worth $1,030, has a maturity of twelve years...

Finance
Q

Sales of single-family houses have been brisk in Mid City this year. This has especially been...

Basic Math
Q

Mutated DNA sequence TACCCACTTGCGTGCATC mRNA sequence Amino acid sequence AUGGGUGA ACGCACGUAG Met GIY Glu Arg...

Biology
Q

Imagine that a new, deadly coronavirus arises and starts a global pandemic. Experts are worried...

Biology
Q

Average speed of a bus measured by six different students is given as follows Student...

Physics
Q

A particle describes SHM in a straight line about O OP If the time period...

Physics
Q

AABC is congruent to ADEF Find x and then m CAB and m FDE A...

Geometry
Q

Windsor inc windsor, ine, lends Dobson industries $43200 on August...

Accounting
Q

The accounting records of Betty DeRose, Inc. revealed the following account balances as of December...

Accounting
Q

A company's assets minus its liabilities shown on the balance sheet is referred to as...

Accounting
Q

choose three products that would be manufactured using a job order costing system. Talk about...

Accounting
Q

The assistant treasurer of Jackson Tires, Inc., is trying to determine what the appropriate cash...

Finance