The following information was taken from a company’s bank reconciliation at the end of the year:
Bank balance - $8,100
Checks outstanding - $8,400
Note collected by the bank - $1,500
Service fee - $35
Deposits outstanding - $4,100
NSF check - $310
What is the correct cash balance that should be reported in the company's balance sheet at the end of the year?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following information was taken from a company’s bank reconciliation at the end of the year: Bank balance - $8,100 Checks outstanding ...” 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
MC Qu. 110 Southland Company is preparing ... Southland Company is preparing a cash budget for August. The company has $17,100 cash at the beginning of August and anticipates $121,000 in cash receipts and $134,600 in cash disbursements during August.
Answers (1)
Pablo was reviewing the water bill for his carwash business and determined that the highest bill, $5,000, occurred in july when 4,000 cars were washed and the lowest bill, $4,000, occurred in february when 2,000 cars were washed.
Answers (1)
Identify the force preventing u. s. professionals from extending their practices on the web.
Answers (1)
Which of the following, if true, will indicate that higher prices will not induce firms to increase output? A. The Milovian government offers subsidies on inputs used in many manufacturing industries B.
Answers (1)
Which of the following is a feature of capitalism? (Select the best answer.) Question 7 options: Excessive monopolies A high level of government control Discouraging small business owners Competition between businesses
Answers (1)
New Questions in Business
Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on
Answers (1)
Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.
Answers (1)
Nareen is single, 68 years old, and reports the following in 2018: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e.
Answers (1)
Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007. What is the annual dividend on the preferred stock? a. $60 per shareb. $30,000 in totalc.
Answers (1)
a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.
Answers (1)