The following information pertains to Sheridan Company.
1. Cash balance per books, August 31, $7,374.
2. Cash balance per bank, August 31, $7,338.
3. Outstanding checks, August 31, $694.
4. August bank service charge not recorded by the depositor $46.
5. Deposits in transit, August 31, $3,010.
In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company.
Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In the financial year 2016, for every $100 in revenues, Microsoft earned $21.5 in profit, while Apple earned $20.6 in profit. This demonstrates that a. Microsoft was more efficient than Apple in producing its goods. b.
Answers (1)
If firms produce a homogeneous product, then A. products will be perfectly substitutable with one another. B. individual firms can raise price without losing all sales. C. the market may have multiple prices. D. market output will not be a commodity.
Answers (1)
The stockholders' equity section of Blue Spruce Corp.'s balance sheet consists of common stock ($8 par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 shares) is declared when the market price per share is $18.
Answers (1)
How does supply and demand affect prices?
Answers (2)
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
New Questions in Business
1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.
Answers (1)
Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.
Answers (1)
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)