Hosung Company’s Cash account Assignment Help
1.Hosung Company’s Cash account shows a balance of $801.65 as of August 31 of this year. The balance on the bank statement on that date is $1,383. Checks for $260.50, $425.10, and $331.00 are outstanding. The bank statement shows a check issued by another depositor for $237.25 (in other words, the bank made an error and charged Hosung Company for a check written by another company). The bank statement also shows an NSF check for $180 received from one of Hosung’s customers.Service charges for the month were $18. What is the adjusted ledger balance of cash as of August 31?
2.You are doing a bank reconciliation for June 20×3. You have a $3,250 unadjusted ledger Cash balance and the following information: Deposit in transit, $900, Outstanding checks: No. 651, $640; No. 660, $450; No. 661, $35, Check No. 655 was written for $795 to purchase office supplies but was incorrectly recorded as $975 , NSF check from a customer, $600, Automatic payment on a note payable that your company owes to the bank recorded on the June bank statement but not recorded in your company’s Cash ledger account ,$1,200, Another company’s check was deducted from your company’s June bank statement,$500, Bank service charge, $25 What was the bank statement balance on June 30, 20×3?
3.The Malamura Company deposits all receipts in the bank and makes all payments by check. On November 30 its Cash account has a balance of $2,289. The bank statement on November 30 shows a balance of $2,894. You are given the following information with which to reconcile the bank statement:
(a)A deposit of $320 was placed in the night depository on November 30 and did not appear on the bank statement.
(b) The reconciliation for October, the previous month, showed three checks outstanding on October 31: no. 1727 for $81.30; no. 1730 for $127.40; and no. 1732 for $62.40. Checks no. 1727 and 1730 were returned with the November bank statement; however, check no. 1732 was not returned.
(c) Check no. 1742 for $98.50, no. 1743 for $46.27, no. 1744 for $37.92, and no. 1745 for $200.91 were written during November but were not returned by the bank.
(d) You compare the cancelled checks with the entries in the checkbook and find that check no. 1737 for $58, payable to C.R. Malamura, the owner, for her personal use, was written correctly. However, the check was recorded in the checkbook as $85.
(e) Included in the bank statement was a bank debit memo for service charges, $12.
(f) A bank credit memo was also enclosed for the collection of a note signed by L. B. Norman, $464, including $436 principal and $28 interest.
Prepare a bank reconciliation as of November 30, assuming that the debit and credit memos had not been recorded.
How it Works
How It works ?
Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention Case Id mentioned in end of every Q&A Page. You can also send us your details through our email id email@example.com with Case Id in the email body. Case Id is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to Case Id . The date is asked to provide deadline.
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id firstname.lastname@example.org and email@example.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
We use best scientific approach to solve case study as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:
The first step in solving any case study analysis is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.
The second step is to define structure to solve the case. Different cases has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.
Research and Analysis
This is the most important step which actually defines the strength of any case analysis. In order to provide best case analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.
Conclusion & Recommendations
A weak conclusion or recommendations spoil the entire case analysis. Our expert know this and always provide good chunks of volume for this part so that instructors will see the effort put by students in arriving at solution so as to provide best mark.
- Physics Assignment Help
- Chemistry Assignment Help
- Engineering Assignment Help
- Psychology Assignment Help
- Online exam Help
- Marketing Assignment Help
- Arts Assignment Help
- Sociology Assignment Help
- Project Management Assignment
- Case Study Help
- Nursing Assignment Help
- Research Assignment Help
- Operations Management Assignment help
- Accounting Assignment Help
- Biology Assignment Help
- Mathematics Assignment Help
- English Assignment Help
- Business Plan Help
- Essay Writing Help
- Human Resource Assignment Help
- Accounting Homework Help
- Computer Science Assignment Help
- Finance Assignment Help
- Economics Assignment Help
- Statistics Homework Help
- Management Assignment Help
- Strategy Management Assignment Help
- Auditing Assignment Help
- Information Management Assignment Help
- Online Assignment Writing help
- Humanities Assignment help
- Taxation Homework Help
- Corporate Finance Assignment Help
- Financial Management Assignment Help
4.A company purchased a machine for $75,000 that was expected to last 6 years and to have a salvage value of $6,000. At the beginning of the machine’s fourth year the company decided that the machine’s estimated useful life should be revised to a total of 10 years instead of 6 years. Also, the salvage value was re-estimated to be $5,500. Straight-line depreciation was used throughout the machine’s life. Calculate the depreciation expense for the fourth year of the machine’s useful life.
5.a)At July 31, Kuhlmann Company has the following bank information:
cash balance per bank $7,948
outstanding checks $816
deposits in transit $2,050
bank service charge $26
Determine the adjusted cash balance per bank at July 31.
b)At July 31, Ramirez Company has the following bank information:
cash balance per bank $7,420
outstanding checks $762
deposits in transit $1,620
bank service charge $20.
Determine the adjusted cash balance per bank at July 31.
Product Code :Acc-sol-10
To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)
You can also email us at firstname.lastname@example.org but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.