Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the treasurer of a company was preparing a bank re

The treasurer of a company was preparing a bank reconcllation as of March 31. The...

80.2K

Verified Solution

Question

Accounting

The treasurer of a company was preparing a bank reconcllation as of March 31. The following items were identified:
The balance per books was $9,600
interest earned on the checking account during March was $ 10.
Outstanding checks totaled $875.
A customer's NSF check in the amount of $ 40 was returned with the March bank statement.
Deposits in transit amounted to $530
During March. the bookkeeper for the company recorded payment of an account payable incorrectly as $136. The check was paid by the bank in the correct
amount of $351
The bank incorrectly credited the company's account $140 for a check deposited by another company
Wnat is the balance per the bank statement on March 31?
1.9,550
29.140
3.10,280
A 9,830
5.8,860

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

How is glutamine used in nitrogen metabolism and Why is the activity of glutamine synthetase tightly...

Biology
Q

With the passage of the Alien Land Law in 1913 no Asian immigrants could O...

Biology
Q

The following excerpt comes from the article Microbial Biodegradation of Toxic Waste Bioremediation by Sarah...

Biology
Q

43 As shown in the figure charges q and q are placed at the vertices...

Physics
Q

Ques 2 A particle of unit mass is projected vertically upward with a velocity u...

Physics
Q

Consider the curve 1 1 t Determine B 0 r t i t t j...

Calculus
Q

In the current year, JIll, age 35, recesved a job offer with two alternaive compensation...

Accounting
Q

Pharoah Company expects to produce 1,200,000 units of product XX in 2022. Monthly production is...

Accounting
Q

Received customer payment of $820 to ship several items to Philadelphia next month. Note: Enter...

Accounting
Q

Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net...

Accounting
Q

! Required information [The following information applies to the questions displayed below.] Henna...

Accounting
Q

Grace Co. had a Chinese yuan payable resulting from imports from China and a Mexican...

Accounting