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Serjik [45]
3 years ago
6

Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement Novemb

er 30, $160,381.47.
The following checks were outstanding at November 30.

1224 $4,660.58
1230 7,034.66
1232 6,056.68
1233 1,374.18

Included with the November bank statement and not recorded by the company were a bank debit memo for $78.09 covering bank charges for the month, a debit memo for $1,060.57 for a customer’s check returned and marked NSF, and a credit memo for $3,990.00 representing bond interest collected by the bank in the name of Indigo Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $5,458.89.

Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement November 30, $160,381.47.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  I decided to present the record of the finnancial movements siplayed on the data.

Download xlsx
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Buffalo Corporation is authorized to issue 45,000 shares of $5 par value common stock. During 2020, Buffalo took part in the fol
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A

Dr Cash $209,700

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