Feb 17th Question Paper

Feb 17th Question Paper - February 17th 2011 SI Session...

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February 17th, 2011 SI Session Please sign the attendance sheet before you leave 1. On August 31, 2010, the general ledger of the Dean Acting Academy shows a balance of cash for $7,844. Cash receipts yet to be deposited into checking account total $3,238, while checks written by the academy but not yet processed by the bank total 1,325. The companys balance of cash does not represent a bank service charge $25 and interest earned on the checking account $36. The 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 st , 2010 2. Oscars Red Carpet store mantains a checking account with Academy Bank. Oscar sells carpet each day but makes bank deposits only once per week. The following provides information from the companys cash ledger for the month ending Feb 28, 2010 Information from Feb bank statement and company records reveals the following additional
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Feb 17th Question Paper - February 17th 2011 SI Session...

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