Oriole Rook Candies received a bank statement for the month of August 2014, which showed a balance per bank of $7,094. The company's cash account in the general ledger showed a balance of $6,364 at August 31. Other information that may be relevant in preparing a bank reconciliation for August follows: 1. 2. 3. 4. 5. 6. The bank returned a NSF check from a customer for $55. The company recorded cash receipts of $1,084 on August 31 but this amount does not appear on the bank statement. A check correctly written and paid by the bank for $1,076 was incorrectly recorded in the cash payments journal for $872. The check was a payment on account. Checks that were written in August but still had not been presented to the bank for payment at August 31 amounted to $558. The bank posted $1,540 to the company's account on August 31 representing an EFT payment from a customer that does not appear in the company's ledger. The bank included a $25 debit memorandum for service charges for the month of August.

Oriole Rook Candies received a bank statement for the month of August 2014, which showed a balance per bank of $7,094. The company's cash account in the general ledger showed a balance of $6,364 at August 31. Other information that may be relevant in preparing a bank reconciliation for August follows: 1. 2. 3. 4. 5. 6. The bank returned a NSF check from a customer for $55. The company recorded cash receipts of $1,084 on August 31 but this amount does not appear on the bank statement. A check correctly written and paid by the bank for $1,076 was incorrectly recorded in the cash payments journal for $872. The check was a payment on account. Checks that were written in August but still had not been presented to the bank for payment at August 31 amounted to $558. The bank posted $1,540 to the company's account on August 31 representing an EFT payment from a customer that does not appear in the company's ledger. The bank included a $25 debit memorandum for service charges for the month of August.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Describe about the deferrals? Explain it in detail.
pm.4 answer must be in proper format or i will give down vote
Can you send another picture or write it down cuz i dont understand
only answer d now please
In 2-3 paragraphs complete the following: Define gain contingency. Describe the accounting requirements for a gain contingency. Define contingency. What exactly is the company uncertain about—whether a future event will take place and result in a liability or whether a future event will take place that will confirm that a liability exists from an event that has already taken place?
wG4Dk117HJktSSZOuFUPAdVMUVw_Qlz7Q/formResponse C. renewal notice O D. completion notes 18. A warning on duty to disclose changes affecting the existing policy inspection are sent to insured through proposal form O B. certificate of insurance O C. renewal notice O D. completing notes 19. is the document that acknowledge the insured legally entitled to
Q4
Your solution is wrong see the answers at bottom of the question
i need the answer quickly
Wendy Marvel sold $260,000 of its inventory to Carla during 2021 for $400,000. Carla sold $300,000 of this merchandise in 2021 with the remainder to be disposed of during 2022. Assume Wendy Marvel owns 35% of Carla and has the ability to exert significant influence over Carla. What journal entry will be recorded at the end of 2021 to defer the recognition of the investor's share of the intra- entity gross profits? A) Equity in Carla B) C) D) Investment in Carla Investment in Carla Equity in Carla Equity in Carla Investment in Carla Investment in Carla Equity in Carla $35,000 $35,000 $12,250 $12,250 35,000 $35,000 $12,250 $12,250
F1
St. ( My The Mic O Mai Mcl O Bus 6 Bad APA Mic Uil • Ben A0 + Do O MA O Wh Ans A mycourses.sgu.edu/access/content/attachment/172d3b94-c459-4b3b-b9da-2cc57a93c3cb/Assignments/d50e87b8-155e-4aa6-845d-9f9986bcaa31/Chp%20... A I Apps A APA citation genera. Grenada SDA Com.. E The Premier Choice. M Gmail YouTube Free, Powerful Engli. O E Planting Calendar. A Maps in Interpretive Simulat. 6 iffer 7-31 Sales Budget A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen). January ¥203,000 February ¥227,000 March ¥248,000 Sales are 40% cash and 60% on credit. Fifty-five percent of the credit accounts are collected in the month of sale, 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are ¥82,950 (10% of November credit sales of ¥150,000 and 45% of December credit sales of ¥151,000).…