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  1. If a check correctly written and paid by the bank for $629 is incorrectly recorded on the company’s books for $692, the appropriate treatment on the bank reconciliation would be to
    deduct $629 from the book’s balance.
    add $63 to the book’s balance.
    subtract $63 from the book’s balance.
    deduct $63 from the bank’s balance.
  2. A check written by the company for $119 is incorrectly recorded by a company as $191. On the bank reconciliation, the $72 error should be added to the balance per bank.
    added to the balance per books.
    deducted from the balance per bank.
    deducted from the balance per books.
  3. Pina Colada Corp. had checks outstanding totaling $35600 on its June bank reconciliation. In July, Pina Colada Corp. issued checks totaling $256700. The July bank statement shows that $173600 in checks cleared the bank in July. A check from one of Pina Colada Corp.’s customers in the amount of $2000 was also returned marked “NSF.” The amount of outstanding checks on Pina Colada Corp.’s July bank reconciliation should be $118700.
    $83100.
    $116700.
    $47500.
  4. Swifty Corporation gathered the following reconciling information in preparing its April bank reconciliation:

Cash balance per books, 4/30 $13400
Deposits in transit 1800
Notes receivable and interest collected by bank 4500
Bank charge for check printing 150
Outstanding checks 9100
NSF check 850

The adjusted cash balance per books on April 30 is

$18700.
$17900.
$18600.
$16900.

  1. For which of the following errors would the appropriate amount be subtracted from the balance per books on a bank reconciliation? A returned $600 check recorded by the bank as $60.
    Check written for $63, but recorded by the company as $36.
    Check written for $57, but recorded by the company as $75.
    Deposit of $100 recorded by the bank as $10.
  2. Sunland company gathered the following reconciling information in preparing its June bank reconciliation:

Cash balance per books, 6/30 $11100
Deposits in transit 800
Notes receivable and interest collected by bank 1950
Bank charge for check printing 65
Outstanding checks 4000
NSF check 370

The adjusted cash balance per books on June 30 is

$13415.
$12615.
$13355.
$13050.

  1. While preparing the bank reconciliation, you notice that a check, written by the company for $780, has been outstanding for 5 months. What is the best action for you to take? Issue a replacement check because you assume the original check has been lost.
    Wait 3 more months to give the bank more time to clear the check.
    Void the check. If it has not been cashed in 5 months, it will never be cashed.
    Investigate to determine why the check has not cleared.
  2. A check written by the company for $232 is incorrectly recorded by a company as $223. On the bank reconciliation, the $9 error should be deducted from the balance per bank.
    deducted from the balance per books.
    added to the balance per books.
    added to the balance per bank.

9.The following information was taken from Kingbird, Inc. cash budget for the month of April

Beginning cash balance $137000
Cash receipts 123000
Cash disbursements 155000
Depreciation 30000

If the company has a policy of maintaining an end of the month cash balance of $114000, the amount the company would have to borrow is

$32000.
$9000.
$0.
$132000.

10.The following credit sales are budgeted by Sunland Company:

February 192000
March 268800
April 230400

The company’s past experience indicates that 70% of the accounts receivable are collected in the month of sale, 30% in the month following the sale. The anticipated cash inflow for the month of April is

$150528.
$215040.
$241920.
$176256.

  1. A $200 petty cash fund has cash of $25 and receipts of $210. The journal entry to replenish the account would include a credit to Cash for $210.
    Cash for $175.
    Cash Over and Short for $25.
    Petty Cash for $175.
  2. Expected direct materials purchases in Concord Corporation are $504000 in the first quarter and $648000 in the second quarter. Forty percent of the purchases are paid in cash as incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the second quarter are: $507600.
    $648000.
    $561600.
    $691200.
  3. Pharoah company is preparing a cash budget for September. The company’s cash balance on September 1 is $25060. The company anticipates cash receipts of $120740 and cash disbursements of $126710. If Pharoah company desires a cash balance of $25920, it must acquire financing of $5110.
    acquire financing of $19950.
    acquire financing of $6830.
    acquire financing of $860.
  4. The following credit sales are budgeted by Tamarisk, Inc.:

January $318200
February 468000
March 655200
April 561600

The company’s past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of March is

$577696.
$561600.
$550360.
$524160.

  1. For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation? Check for $75 recorded by the company as $57.
    Check for $83 recorded by the company as $38.
    A returned $400 check recorded by the bank as $40.
    Deposit of $100 recorded by the bank as $10.
  2. For which of the following errors should the appropriate amount be subtracted from the balance per bank on a bank reconciliation? Check for $73 recorded by the company as $37.
    A returned $100 check recorded by the bank as $10.
    Deposit of $300 recorded by the bank as $30.
    Check for $75 recorded by the company as $57.
  3. For which of the following errors would the appropriate amount be added to the balance per books on a bank reconciliation? Check written for $56, but recorded by the company as $65.
    A returned $100 check recorded by the bank as $10.
    Deposit of $1000 recorded by the bank as $100.
    Check written for $93, but recorded by the company as $39.
  4. Vaughn Manufacturing had checks outstanding totaling $34700 on its May bank reconciliation. In June, Vaughn Manufacturing issued checks totaling $217100. The June bank statement shows that $161600 in checks cleared the bank in June. A check from one of Vaughn Manufacturing’s customers in the amount of $1600 was also returned marked “NSF.” The amount of outstanding checks on Vaughn Manufacturing’s June bank reconciliation should be $88600.
    $20800.
    $55500.
    $90200.
  5. Blue Spruce Corp. gathered the following reconciling information in preparing its August bank reconciliation:

Cash balance per books, 8/31 $32500
Deposits in transit 1400
Notes receivable and interest collected by bank 7900
Bank charge for check printing 190
Outstanding checks 18600
NSF check 1580

The adjusted cash balance per books on August 31 is

$21390.
$38630.
$37230.
$22830.

  1. A $157 petty cash fund has cash of $32 and receipts of $123. The journal entry to replenish the account would include a credit to Cash Over and Short for $2.
    credit to Cash for $125.
    debit to Cash for $123.
    credit to Petty Cash for $123.
  2. A $300 petty cash fund has cash of $37 and receipts of $245. The journal entry to replenish the account would include credit to Petty Cash for $245.
    debit to Cash for $245.
    credit to Cash for $263.
    debit to Petty Cash for $263.
  3. A $209 petty cash fund has cash of $43 and receipts of $205. The journal entry to replenish the account would include a credit to Petty Cash for $166.
    credit to Cash Over and Short for $39.
    credit to Cash for $205.
    debit to Cash for $166.
  4. The following information was taken from Sheridan Company cash budget for the month of July:

Beginning cash balance $105000
Cash receipts 101000
Cash disbursements 143000

If the company has a policy of maintaining an end of the month cash balance of $105000, the amount the company would have to borrow is

$21000.
$28000.
$42000.
$63000

  1. In the month of May, Sheridan Company wrote checks in the amount of $62200. In June, checks in the amount of $85062 were written. In May, $56905 of these checks were presented to the bank for payment and $73134 in June. What is the amount of outstanding checks at the end of May? $11928.
    $23856.
    $17223.
    $5295.
  2. Windsor, Inc. assembled the following information in completing its March bank reconciliation:

Balance per bank $16400
Outstanding checks $3325
Deposits in transit $5400
NSF check $340
Bank service charge $110
Cash balance per books $18925

As a result of this reconciliation, Windsor will

reduce its cash account by $2075.
reduce its cash account by $110.
increase its cash account by $230.
reduce its cash account by $450.

26.Blue Spruce Corp. assembled the following information in completing its March bank reconciliation:

Balance per bank $16500
Outstanding checks $2880
Deposits in transit $4600
NSF check $297
Bank service charge $90
Cash balance per books $16330

As a result of this reconciliation, Blue will

reduce its cash account by $1720.
reduce its cash account by $90.
reduce its cash account by $387.
increase its cash account by $207.

  1. In the month of November, Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were written. In November, $39630 of these checks were presented to the bank for payment and $50932 in December. What is the amount of outstanding checks at the end of December? $11977.
    $3670.
    $16614.
    $8307.

28 At April 30, Sunland Company has the following bank information:

Cash balance per bank $3500
Outstanding checks $270
Deposits in transit $550
Credit memo for interest $10
Bank service charge $20

What is Sunland adjusted cash balance on April 30?

$3770.
$3780.
$3220.
$3750.

  1. If a check correctly written and paid by the bank for $486 is incorrectly recorded on the company’s books for $468, the appropriate treatment on the bank reconciliation would be to add $18 to the book’s balance.
    subtract $18 from the book’s balance.
    deduct $18 from the bank’s balance.
    deduct $486 from the book’s balance.

Sample Answer

Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.

Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.

This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.

To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.

It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.

Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>

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