Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. instructions prepare the bank reconciliation for m

Instructions Prepare the bank reconciliation for Malone Lid for the month of October given the...

60.1K

Verified Solution

Question

Accounting

image
Instructions Prepare the bank reconciliation for Malone Lid for the month of October given the following information The Oct 31 bank statement for Malone Ltd had an ending balance of $4 250 12 The cash account according to the company's records was $3.433 52 as at the same date the following additional data was available 1 The company had made a deposit in the night box of 1 200 00 on Oct 31 after the branch was closed 2 There were outstanding cheques totaling $2 718 60 as at Oct 31 3. The bank service fee was $40 00 for the month 4 A cheque in the amount of 5650 00 deposited by Malone on May 21 had been returned NSF and bank charged a $12.00 tee on the item Malone had not known about the returned item until it received the bank statement use the table below to grow de jouane Pease note you may neededuction sodes you must dete ne tromme formation Dowded when o deducted Malone Ltd. Bank Reconciliation as at Oct 31 GL Balance Bank Balance

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

Provide a brief description of 7 plus Seven series and the main character of the series.

Psychology
Q

Herculio Mining has net operating income of $6 million; there is $60 million of debt outstanding...

Finance
Q

In order to manage change and implement change strategies, it is important to avoid implementing irrelevant...

General Management
Q

18 The pH of a 10 4 M solution of HCl is A 3 B...

Biology
Q

21 Alternating current is flowing in inductance L and resistance R The frequency of source...

Physics
Q

7 Find m2B mzC and mzD A 104 71 B

Geometry
Q

Mrs Imperiale s credit card has an APR of 13 2 She does not ever...

Basic Math
Q

Critical 9 Thinking The palm tree on the left is 10 years old The palm...

Calculus
Q

The weight y of a fiddler crab is directly proportional to the 1 25 power...

Algebra
Q

Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling...

Accounting
Q

For all payroll calculations, use the following tax rates and round amounts to the nearest...

Accounting
Q

An XYZ April 2041 bond with a 5.5 percent coupon interest rate and a par...

Finance