Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 8-14 (algo) bank reconciliation lo p3 wri

Exercise 8-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $30,100 debit...

80.2K

Verified Solution

Question

Accounting

image
image
Exercise 8-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $30,100 debit balance and its bank statement shows $28,400 on deposit at the close of business on May 31 a. The May 31 bank statement lists $230 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,900. c. May 31 cash receipts of $7,500 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement. d. In reviewing the bank statement, a $530 check written by Smith Company was mistakenly drawn against Wright's account. e. The bank statement shows a $340 NSF check from a customer, the company has not yet recorded this NSF check. Check m \begin{tabular}{|l|l|l|l|l|} \hline Bank statement balance & Bank Reconciliation \\ \hline Add & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline Deduct: & & & \\ \hline & & & & \\ \hline & & & \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which of the following properties of a molecular compound can largely be explained by its intermolecular...

Chemistry
Q

Using Multisim Verify the logic of the XOR and XNOR gates and compare to OR and NOR...

Electrical Engineering
Q

Eleven resistors connected in network as shown in figure The equivalent resistance between A and...

Physics
Q

Determine and d H 67 from the given parameters of the population and sample size...

Statistics
Q

by setting the x intercept and the moving asymptotes Provide your answer below 10 3...

Calculus
Q

Calculate the derivative of a function A r r when r 8

Calculus
Q

Simplify the given exponential expression 3 X 2

Algebra
Q

Issuing Par Stock On January 29, Quality Marble Inc., a marble contractor, issued 75,000 shares...

Accounting
Q

On 30 June 2021 George Ltd recorded a gain on revaluation for equipment of $35,000....

Accounting
Q

Answer each of the following questions related to various short-term liabilities: On September 1, 2020,...

Accounting
Q

Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $50,000 Training of machine...

Accounting
Q

Need answer asap please! Will give thumbs up right away thanks. ...

Accounting