Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Feb 2018 My Price 4.00

Dean Acting Academy

On August 31, 2012, the general ledger of The Dean Acting Academy shows a balance for cash of $7,844. Cash receipts yet to be deposited into the checking account total $3,238, and checks written by the academy but not yet processed by the bank total $1,325. The company’s balance of cash does not reflect a bank service fee of $25 and interest earned on the checking account of $36. These amounts are included in the balance of cash of $5,942 reported by the bank as of the end of August.

Required:

Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2012.

 

Answers

(5)
Status NEW Posted 15 Feb 2018 10:02 PM My Price 4.00

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