the following information pertains to a company's cash balance and bank reconciliation as of august 31: company balance before reconciliation $ 5,000 checks outstanding $ 2,500 notes collected by the bank $ 2,200 service fee $ 50 deposits outstanding $ 2,000 what is the correct cash balance for the company? multiple choice

Question

25-10-2022
Business

Answered

the following information pertains to a company's cash balance and bank reconciliation as of august 31: company balance before reconciliation $ 5,000 checks outstanding $ 2,500 notes collected by the bank $ 2,200 service fee $ 50 deposits outstanding $ 2,000 what is the correct cash balance for the company? multiple choice

Answer :

Other Questions

which 3 conditions could lead to the beginning balance of a bank or credit card reconciliation being inaccurate?

Nelson company experienced the following transactions during year 1, its first year in operation. issued $8,400 of common stock to stockholders provided $4,700

Disturbed corporation needs to raise $61.5 million to fund a new project. the company will sell shares at a price of $24.60 in a general cash offer and the comp

which company is mentioned in the text as a pioneering of the production-line approach to delivering on-site service?

A company purchased a delivery van for $22,800 with a salvage value of $2,400 on september 1, year 1. it has an estimated useful life of 6 years. using the stra

Storico co. just paid a dividend of $1.55 per share. the company will increase its dividend by 24 percent next year and then reduce its dividend growth rate by

Brown is repaying a $1000 loan with five equal payments of principal at the end of each year. interest at an annual effective rate of 10% is paid on the outstan

this clause allows a lender to require the balance of a loan to be paid in full if the collateral is sold...?

Hawkeye wiring, incorporated has 1,000 shareholders who own a total of two million shares of its common stock. the stock currently sells for $80 per share. the

a company deciding to lay off a percentage of its workforce is an example of an external or internal force?

GOURANGAKAMILYA GOURANGAKAMILYA · Answer 1 · 2022-11-04T16:20:49-04:00

The following information pertains to a company's cash balance and bank reconciliation as of august 31 is $7,150.

Who is ultimately in charge of the development and effectiveness of an organization's internal control system?

All employees play a part in the efficient operation of the internal control that has been established by management, even if management bears the primary responsibility for sound internal control. By concentrating on the two fundamental components of internal control—objectives and techniques—understanding of internal control can be improved.

In terms of financial reporting, which of the following is cash?

Cash includes available currency and coin, money orders and checks made payable to the company, as well as the available balances in checking and savings accounts for financial reporting reasons.

Cash = $5,000 + $2,200 − $50

Cash = $7,150

To Know more about cash balance, visit:

https://brainly.com/question/28873432

#SPJ4