What should be the correct balance of cash at march, Accounting Basics

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What should be the correct balance of cash at march

In preparing its bank reconciliation for the month of March 2006, Derby Company has available the following information:

Balance per bank statement, 3/31/06 $36,050
Deposit in transit, 3/31/06 6,250
Outstanding checks, 3/31/06 5,750
Credit erroneously recorded by bank in Derby's account, 3/12/06 250

Bank service charges for March 50

What should be the correct balance of cash at March 31, 2006?

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Accounting Basics: What should be the correct balance of cash at march

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Accounting Basics: What should be the correct balance of cash at march

Reference No:- TGS053484

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Recent Questions Asked Accounting Basics

Q : What was the cost of goods sold for 2005

Q : What was the estimated cost of this destroyed inventory

Q : Write methods of redistribution as ways of addressing goals

Q : What kern''s inventory at december 31, 2005, would be

Q : What should be the correct balance of cash at march

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Q : What is ending inventory assuming northwest uses

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What should be the correct balance of cash at march

Reference No:- TGS053484

Recent Questions Asked Accounting Basics

Q : What was the cost of goods sold for 2005

Q : What was the estimated cost of this destroyed inventory

Q : Write methods of redistribution as ways of addressing goals

Q : What kern''s inventory at december 31, 2005, would be

Q : What should be the correct balance of cash at march

Q : What amount should vale report as allowance

Q : How will note payable and the related interest be classfied

Q : What is ending inventory assuming northwest uses

Q : Compare potential profits from two pricing strategies

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