From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
a. The bank statement balance is $4,000.
b. The cash account balance is $3,950.
c. Outstanding checks amounted to $960.
d. Deposits in transit are $900.
e. The bank service charge is $75.
f. Interest added to the checking account by the bank is $150.
g. A check drawn for $65 was incorrectly charged by the bank as $150.
Prepare a bank reconciliation for Purple New Co. for May 31, 2016. Purple New Co. Bank Reconciliation May 31, 2016
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016. a. The bank statement ...” 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
A company estimates that 5% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $100.
Answers (1)
In what ways was the economic prosperity of the 1920s genuine, and in what ways did this prosperity disguise serious economic problems? Do you think most people perceived the underlying problems in the economy? Why or why not?
Answers (1)
Fresnas Inc. is a furniture manufacturing company. It has taken the initiative of incorporating social responsibility as one of the firm's new foundations.
Answers (1)
Many business people believe that marketing should focus on factors other than financial goals, such as ___.
Answers (1)
OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the company issues a one-year note for the amount of $5.2 million.
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)