In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:
Balance per bank statement, 8/31/10 $21,650
Deposit in transit, 8/31/10 3,900
Return of customer's check for insufficient funds, 8/30/10 600
Outstanding checks, 8/31/10 2,750
Bank service charges for August 100
At August 31, 2010, Adel's correct cash balance is
A.$22,800.
B.$22,200.
C.$22,100.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information: Balance per bank statement, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Have you signed an agreement with a current/previous employer containing a provision relating to confidentiality of information, non competition, or non solicitation
Answers (1)
A firm recently issued $1,000 par value, 20-year bonds with a coupon rate of 6% and semi-annual payments. The bonds sold at par value, but flotation costs amounted to 5% of par value. The firm has a marginal tax rate of 21%.
Answers (1)
Secured debt is a debt that is guaranteed by something of value. Which one of the following is an example of a secured debt? A. You owe your mom $95 for your new soccer cleats. B. You owe your financial institution $1,500 on your used car loan. C.
Answers (1)
The Nikon camera company introduced a new single-lens reflex digital camera to the market. The camera had a large memory capacity, had the quickest shutter speed on the market, and was housed in a lightweight titanium shell.
No Answers
A letter-of-credit agreement between rural feed corporation and soybean farms, inc., requires rural feed's bank to pay soybean farms on receipt of invoices. this letter of credit is
Answers (1)
New Questions in Business
NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000
Answers (1)
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?
Answers (1)
Throughout history, big business interests have almost always been at odds with environmentally friendly practices.
Answers (1)
Darren is a certified interior designer with a lucrative client list in the city of kelsa, situated in the state of touslon. his business affords him a substantial amount of goodwill from his clients.
Answers (1)
The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct labor $ 770,000 Other variable manufacturing costs 135,000 Depreciation of factory building and manufacturing equipment
Answers (1)