Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on august 1, 20x1, the accountant for western impo

on august 1, 20x1, the accountant for western imports dowloaded the companys july 31, 20x1,...

90.2K

Verified Solution

Question

Accounting

on august 1, 20x1, the accountant for western imports dowloaded the companys july 31, 20x1, bank statement from the banks website. the balance shown on the bank statement was $28730. The july 31, 20x1, balance in the cash account in the general ledger was $14.325. jenny irvine the accountant for western imports, noted the following differences between the bank records and the company cash account in the general ledger a. An electronic funds transfer for $14100 from foncier ricard, a customer located in france, was received by the bank on july 31 b. Check 1422 was correctly written and recorded for $1200.the bank mistakenly paid the check for $1220. c. The accounting records indicate that check 1425 was issued for $66 to make a purchase of supplies. However, examination of the check on line showed that the actual amount of the check was for $96 d. A deposit of $770 made after banking hours on july 31 did not appear on the july 31 banck statement. e. The following checks were outstanding check 1429 for $1246 a

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students