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Fantom [35]
2 years ago
13

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges, $35. a. Prepare a bank reconciliation, using the format shown in Exhibit 13.
Business
1 answer:
EastWind [94]2 years ago
6 0

If for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. The bank reconciliation statement will be:

  • Adjusted bank  balance $44,235
  • Adjusted cash balance  $44,235

Creative Design Co. Bank Reconciliation

August 31, 20Y6

Cash balance according to bank statement $56,300

Add deposit in transit $13,325

Less outstanding checks ($25,390)

Adjusted bank  balance  $44,235

Cash balance according to company's records  $42,920

Add error in banking recording check as $1,500 instead of $150  $1,350

Less Bank charges ($36)

Adjusted cash  balance  $44,235

Inconclusion if for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. The bank reconciliation statement will be:

  • Adjusted bank  balance $44,235
  • Adjusted cash balance  $44,235

Learn more here:

brainly.com/question/14697590

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Full question :

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sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

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Answer:

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

Explanation:

The most effective use of the CRM(customer relationship management system) from the options listed is the follow up on customers to know how they perceive Advance fertilizer's product after having purchased and used it. This has a long list of benefits for Advance fertilizer as they can get customer feedback from customers through this, build relationship with them as well as gather more data to improve on their products in the future

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d. increase equity by $4,900

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