1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Deffense [45]
3 years ago
6

The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a

s of July 31. On July 31, the company’s Cash account has a $25,497 debit balance, but its July bank statement shows a $26,808 cash balance. Check No. 3031 for $1,090, Check No. 3065 for $321, and Check No. 3069 for $1,858 are outstanding checks as of July 31. Check No. 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. The July bank statement shows the bank collected $7,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. The July statement shows a $11 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. Branch’s July 31 daily cash receipts of $8,132 were placed in the bank’s night depository on that date but do not appear on the July 31 bank statement.
Business
1 answer:
Natali5045456 [20]3 years ago
8 0

Answer:

Adjusted Balance      31,671

Explanation:

<em>CASH </em>

Balance                       25,497

Service Charge               -11

Collection in firm behalf 7,000

NSF                           -805

accounting mistake       -10

Adjusted Balance          31,671

<em>BANK </em>

Balance                   26,808

Outstanding Check   -3,269

Deposit in transit       8,132

Adjusted Balance      31,671

The goal of the reconciliation is to make up for the unknow information for each party. The bank and the firm We are goin to make jounral entries for all the infoamrition which is unknow to the firm until the bank statement is received.

You might be interested in
McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a cust
Natalka [10]

Answer:

McGregor would Debit Service Fee Expense for $6.

Explanation:

Data provided in the question:

Fee charged by the credit card company = 3% of the sales

Amount of payment made by the customer to McGregor for the service = $200

Now,

The amount of fees charged on the transaction bu the credit card company

= 3% of $200

= 0.03 × $200

= $6

Since, this fees is an expense for the McGregor

Hence,

McGregor would Debit Service Fee Expense for $6.

5 0
3 years ago
A device or technique that ensures production of a good unit every time is a __________.
uysha [10]
A device or technique that ensures production of a good unit overtime is a poka-yoke.

The Japanese term Poka-Yoke means mistake proofing. Poka means mistakes and yoke(ru) means to avoid. This technique helps eliminate defects by way of human errors since they often occur. You will find this technique used in a lean manufacturing process. 
3 0
3 years ago
Sam has always been able to pick up new languages easily. what quality does she have that helps her do this? responses ability a
motikmotik

Sam has always been able to pick up new languages easily. The  quality does she have that helps her do this-- response ability

Responsiveness is the ability to pay attention to oneself and the thoughts and feelings one experiences as a result of internal and external stimuli. It includes grounding/centrality and mindfulness, and the ability to consciously and deliberately choose responses with intent and attention.

<h3>What are our reactions to other people?</h3>

To define responsibility, Frankl created the concept of responsibility. It implies the ability and claim to answer calls addressed to us. We are called from within and without.

<h3>What is the response in human values?</h3>

Response - can be defined as a response to an action or statement. The reaction is more thoughtful, with reasoning. Responsive people prioritize thought over action. They think and formulate an intelligent and appropriate response before they speak up.

Learn more about Ability:

brainly.com/question/26506802

#SPJ4

6 0
1 year ago
Between 1880 and 1890 how many companies began producing sporting goods products
Oksana_A [137]

79 companies began to produce sporting goods products between 1880 and 1890. 

Some big companies that had formed much earlier converted to sporting goods. Draper & Maynard, for example, made men's gloves in the 1840s, but began manufacturing baseball gloves and hunting gloves in the 1880s.

3 0
3 years ago
Under the fair use doctrine, educational institutions cannot be liable for copyright violations.
timama [110]
I believe the answer is true
6 0
3 years ago
Other questions:
  • Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $118,00
    5·1 answer
  • On April 1, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What amount
    5·1 answer
  • Which type of credit is used for utilities? installment credit secured credit card service credit unsecured credit card
    12·1 answer
  • If common equity financing is 60% of the optimal capital structure and the existing limit of internal equity is $500,000. Solve
    15·1 answer
  • This isn't a homework question, but just something I need confirmation of.
    15·1 answer
  • Taxes on goods with __________ demand curves will tend to raise more tax revenue for the government than taxes on goods with ___
    7·1 answer
  • After all of the account balances have been extended to the Income Statement columns of the work sheet, the totals of the Debit
    10·1 answer
  • Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 37,000 hours of production in the W
    12·1 answer
  • The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.
    8·1 answer
  • the final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!