subject
Business, 16.12.2019 19:31 nicole10perez

Logan bruno company has just received the august 31, 2020, bank statement, which is summarized below.

county national bank disbursements receipts balance balance, august 1 $9,369 deposits during august $32,200 41,569 note collected for depositor, including $40 interest 1,040 42,609 checks cleared during august $34,500 8,109 bank service charges 20 8,089 balance, august 31 8,089 the general ledger cash account contained the following entries for the month of august. cash balance, august 1 10,050 disbursements in august 34,903 receipts during august 35,000 deposits in transit at august 31 are $3,800, and checks outstanding at august 31 total $1,050. cash on hand at august 31 is $310. the bookkeeper improperly entered one check in the books at $146.5 which was written for $164.5 for supplies (expense); it cleared the bank during the month of august.

prepare a bank reconciliation dated august 31, 2020, proceeding to a correct balance.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:40
Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?
Answers: 3
question
Business, 22.06.2019 07:40
Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?
Answers: 1
question
Business, 22.06.2019 10:00
University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
Answers: 1
question
Business, 22.06.2019 18:30
Afarmer is an example of what kind of producer?
Answers: 2
You know the right answer?
Logan bruno company has just received the august 31, 2020, bank statement, which is summarized below...
Questions
question
Mathematics, 26.05.2021 20:00
question
Mathematics, 26.05.2021 20:00
question
History, 26.05.2021 20:00
question
Mathematics, 26.05.2021 20:00
Questions on the website: 13722367