NOVA CC - ACC 211: Connect for Financial and Managerial Accounting with PROCTORIO PLUS
9th Edition
ISBN: 9781265725976
Author: John Wild; Ken Shaw
Publisher: McGraw-Hill Learning Solutions
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How much should be sold for to achieve the desired markup
Sunland Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash
records:
MARCH 31 BANK RECONCILIATION
Balance per bank
$49,820
Add: Deposits in transit
3,948
Deduct: Outstanding checks
(7,144)
Balance per books
$46,624
Month of April Results
Per Bank
Per Books
Balance April 30
$52,640
$51,700
April deposits
April checks
April note collected (not included in April deposits)
April bank service charge
22,560
26,320
20,868
18,800
5,640
-0-
63
-0-
April NSF check of a customer returned by the bank (recorded by bank as a charge)
2,005
-0-
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