{"id":708,"date":"2017-06-21T09:05:39","date_gmt":"2017-06-21T09:05:39","guid":{"rendered":"https:\/\/typedessays.com\/prepare-the-bank-reconciliation-for-the-avisa-company\/"},"modified":"2017-06-21T09:05:39","modified_gmt":"2017-06-21T09:05:39","slug":"prepare-the-bank-reconciliation-for-the-avisa-company","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/prepare-the-bank-reconciliation-for-the-avisa-company\/","title":{"rendered":"Prepare the bank reconciliation for the avisa company"},"content":{"rendered":"<p><strong>Question:<\/strong><\/p>\n<p>The following information is available for the Avisa Company for the month of November:<\/p>\n<p>a. On November 30, after all transactions have been recorded, the balance in the company&#8217;s Cash account has a balance of $27,202.<\/p>\n<p>b. The company&#8217;s bank statement shows a balance on November 30 of $29,279,<\/p>\n<p>c. Outstanding checks at November 30 include check #3030 in the amount of $1,525 and check 43556 in the amount of $1,459.<\/p>\n<p>d. A credit memo included with the bank statement indicates that the bank collected $780 on a noninterest-bearing note receivable for Avisa. The bank deducted a $10 collection fee, and credited the remainder of $770 to Avisa&#8217;s account.<\/p>\n<p>e. A debit memo included with the bank statement shows a $67 NSF check from a customer, J. Brown.<\/p>\n<p>f. A deposit placed in the bank&#8217;s night depository on November 30 totaled $1,675, and did not appear on the bank statement.<\/p>\n<p>g. Examination of the checks on the bank statement with the entries in the accounting records reveals that check 43445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540.<\/p>\n<p>h. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company&#8217;s books.<\/p>\n<p>Based on the above information, prepare the November Bank Reconciliation for the Avisa Company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: The following information is available for the Avisa Company for the month of November: a. On November 30, after all transactions have been recorded, the balance in the company&#8217;s Cash account has a balance of $27,202. b. The company&#8217;s <a href=\"https:\/\/www.benedictsol.com\/blogs\/prepare-the-bank-reconciliation-for-the-avisa-company\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-708","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=708"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}