a companys cash account was last reconciled on november 30, 20x5. the unadjusted cash balance...
50.1K
Verified Solution
Link Copied!
Question
Accounting
a companys cash account was last reconciled on november 30, 20x5. the unadjusted cash balance at december 31, 20x5 was $215,322. a comparison of the bank statement to the cash account revealed the following (note that none of the items below have been recorded on the books): interest on the bank loan of $4,600 was charged on the bank statement. bank service charges for the month were $670 outstanding cheques at december 31, 20x5 were $46,520 the december 30, 20x5 and december 31, 20x5 deposits of $45,990 and $32,405 were recorded by the bank on january 2, 20x6 one of the cheques that cleared was recorded for $7,430. the cheque was recorded on the bank statement at $7,043 which was the correct amount. the cheque was for selling expenses. the bank statement balance at december 31, 20x5 was $178,564. required - prepare the adjusting journal entries and a bank reconciliation as at december 31, 20x5.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.