Mindanao Company provided the following data for the month of December: Balance per book Bank service charges Outstanding checks Deposit in transit Customer note collected by bank 1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 Interest on customer note Customer check returned NSF Depositor's payment of note payable charged to account

Mindanao Company provided the following data for the month of December: Balance per book Bank service charges Outstanding checks Deposit in transit Customer note collected by bank 1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 Interest on customer note Customer check returned NSF Depositor's payment of note payable charged to account

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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Which field typically appears in the Bank Register but not usually in reports?
What is a bank statement and discuss the importance of a bank statement to a depositor.
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Explain why the money listed under assets on a bank balance sheet may not actually be in the bank?
What item on the bank statement that may differ from the company's financial records. NSF check interest earned outstanding checks service charge
Prepare a bank reconciliation statement
Petty Cash Fund Question, When it comes to making payments from the petty cash fund, why isn't there an accounting/journal entry for it? Please Explain.
The changes in the Cash in Bank account are reported in the statement of changes in owners equity. True or false?