Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the cash account shows a balance of s45,000 before

The cash account shows a balance of S45,000 before reconciliation. The bank statement does not...

70.2K

Verified Solution

Question

Accounting

The cash account shows a balance of S45,000 before reconciliation. The bank statement does not include a deposit of $2,300 made on the last day of the month. The bank statement shows a collection by the bank of $940 and a customers check for $320 was returned because it was NSF. A customer's check for $450 was recorded on the books as $540, and a check written for $79 was recorded as $97. The correct balance in the cash account was

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

An auto insurance company classifies drivers as low risk if they are accident-free for one year. Historically...

Statistics
Q

Discuss what series of events may lead to septicemia and how it should be prevented and...

Biology
Q

2. A 2kg puck is located at position (5???? 2???)m with velocity (?7???? ???)m/s at time...

Physics
Q

2) The following is a sample of times (in minutes) between calls received at a technical...

Basic Math
Q

This discussion is about ageism and bias. Reflect on your personal perception of older adults...

Biology
Q

o detect It is expressed in a matter of fact tone OIt is expressed enthusiastically...

Biology
Q

0 00252d227 The optimal height h of the letters of a message printed on pavement...

Algebra
Q

You are trying to calculate forecast gross profits for the next 12 months based on...

Accounting
Q

When an asset is bought or sold in a foreign country is supposed to be...

Accounting
Q

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the...

Accounting
Q

What is the net present value of a project with the following cash flows and...

Accounting
Q

A corporation issues $50,000 of a 8% coupon, $1,000 par value bond. What would be...

Accounting