--%>
Assignment Help - homework help

Prepare adjusting journal entries

The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper.

Cash balance per books, December 1 $ 3,700

Cash received during December 77,000

Cash payments made during December 77,548

Cash balance per bank statement, December 31 6,300

Cheques outstanding, December 31 5,300

Bank service charges for December 52

Deposits in transit at December 31 1,700

Cheque issued by Sparg Ltd. deducted from Tressa’s account in error by the bank 580

A $1,200 cheque received from a customer on December 13 in payment of an account receivable was incorrectly recorded as 1,020

Required -

a. Prepare the December 20x6 bank reconciliation for Tressa.

b. Prepare any adjusting journal entries that would result from the December 20x6 bank reconciliation.

   Related Questions in Financial Accounting

  • Q : Purpose of foreign branch bank Discuss

    Discuss the purpose of the foreign branch bank.

    		•
  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

    		•
  • Q : How Social Darwinism support business

    What is Social Darwinism and how it was utilized to support business?

    		•
  • Q : Forward cross-rates in German terms

    Compute 30-, 90-, and 180-day forward cross exchange rates between German mark and Swiss franc by utilizing the most recent quotations.  Specify forward cross-rates in “German” terms.

    		•
  • Q : Implement a user-defined matlab

    Your solution to the problem should be housed within a while loop, which allows the grader to test your solution repeatedly without having to re-execute the script, as shown in class. You should first display the purpose of the program, and then you should prompt the

    		•
  • Q : Czc Prepare journal entry to record

    Prepare journal entry to record acquisition of four assets

    		•
  • Q : Define Expenditures Define Expenditures

    Define Expenditures with suitable example?

    		•
  • Q : Asian firms building the production

    Since NAFTA was developed, several Asian firms particularly those from the Korea and Japan has made the extensive investments in the Mexico. Why do you think these Asian firms decided to build the production facilities in the Mexico?

    		•
  • Q : Identification of Responsibility Centre

    Identification of Responsibility Centre: Profit centre has been taken as the responsibility centre. Profit centre is the one in which both the revenue and costs are accounted for. The difference between them is the profit so the managers for this cent

    		•
  • Q : State Return on Investment or ROI

    Return on Investment (ROI): It is a performance measure employed to calculate the efficiency of an investment or to compare the effectiveness of a number of various investments. To compute ROI, the advantage (return) of an investment is divided by the

    		•