acc chapt7 - Betrando1 Problem1 1/ Chapter7...

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Betrando 1  Chapter 7 Problem 1 1/  Rosemary Corporation Bank reconciliation April 30, 20xx a. Balance per bank, april 30 $141,717.08 Add:  b/ Deposit of April 30 14,249.84 h/ Check of Foc Corp. mistakely deducted by bank 800 15,059.84 $156,766.92 Less:  c/ Outstanding checks (7,293.64) Adjusted Bank Balance, april 30 $149,473.28 b. Balance per books, april 30 $114,175.28 Add: f/ Note receivable 36000 f/ Interest income on note 400 i/ Interest on average balance 460 36860 Less: d/ Check recorded incorrectly 396 g/ NSF check of Chad Atier 1140 e/ Service charges 26 -1562 Adjusted Book balance, april 30 $149,473.28 2/ April 30 Cash  $36,400 Note receivable $36,000 Interest income $400 Bank collected money on a note 30 Cash  $460 Interest income $460 Interest on average balance 30 Advertising expenses $396 Cash $396 Advertising expenses 30 A/R $1,140 Cash $1,140 Check returned 30 Service charge expenses $26 Cash $26 Service charges paid
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Betrando 2  3/ The amount of cash which should appear on the balance sheet is $149,473.28
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acc chapt7 - Betrando1 Problem1 1/ Chapter7...

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