What are the total credits on the cash account, Accounting Basics

+44 141 628 6080
[email protected]

What are the total credits on the cash account

Problem

AB Ltd. had $3,630 in outstanding cheques at the end ofJuly and half of that amount in deposits in transit. Bank service charges are $52 for July and there are no other reconciling items in the July bank reconciliation.

Task

a) By how much the adjusted balance shown on the balance sheet is higher or lower than the trial balance?

b) What are the total credits on the cash account because of the Adjusting Journal entries based on the above information?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What are the total credits on the cash account

Reference No:- TGS03258836

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.

Discuss statements about sociological approaches

Question: Which of the following statements about sociological approaches are true?

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What are the total credits on the cash account

Reference No:- TGS03258836

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is your expected rate of return on the stock

Q : How much should you be willing to pay for the bond

Q : What is the markets forecast for three-year rate three years

Q : Why was salesforce added to the dow jones industrial average

Q : What are the total credits on the cash account

Q : What is the cost of the machine

Q : Describe how to perform the calculation

Q : By how much the adjusted balance shown on the balance sheet

Q : What is the minimum annual salary that lindsay needs to earn