Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the cash book balance of company a is $360.00. the

The cash book balance of company A is $360.00. The bank statement, issued on the...

50.1K

Verified Solution

Question

Accounting

The cash book balance of company A is $360.00. The bank statement, issued on the same day, shows bank charges of $8.00. Outstanding checks amount to $175.00, and the last deposit of $50.00 entered in the cashbook has not been credited by the bank.

 Required

1. What is the balance on the bank statement?

2. What cash balance should be carried forward into the next period?

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

2 Name 1 Use a protractor to measure the angles and then record label name...

Geometry
Q

A hedge fund with $1.3 billion of assets charges a management fee of 2% and an...

Finance
Q

Name the kinds of attractive forces that must be overcome in order to perform the following...

Chemistry
Q

Distinguish between hot mix asphalt patching and crack seal used for the maintenance treatment for flexible...

Civil Engineering
Q

Chapter 14: Put It in Writing Activity: Suppose that a survey reveals that first-graders from various ethnic...

Psychology
Q

The diameters, in centimetres, of 60 holes bored in engine castings are measured and the results are...

Advance Math
Q

Explain how individuals navigate organizational politics. Define leadership and followership. write here by computer not by hand...

General Management
Q

figure shows three circuits with identical batteries inductors and resistors Rank the circuits in the...

Physics
Q

2 In rectangle ABCD above AC 13 and AD 12 What is the m BAC...

Geometry
Q

When two outcomes cannot both be true they are said to be A mutually exclusive...

Statistics
Q

Committo onon Racin Ene

Accounting
Q

Cushman Company had $824,000 in sales, sales discounts of $12,360, sales returns and allowances of...

Accounting