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These checks have not cleared the bank1105 17.50 1106 56.72 1107 63.92 What is the total of the outstanding checks?
S3ys3y
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∙ 13y ago
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What should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposit of 57.50?
331.45
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15?
no
Formula for book value per share?
total equity/# of shares outstanding
How does one prepare a company's first bank statement reconciliation?
To prepare a bank reconciliation for a company that never prepared one previously, I would first make a list of outstanding checks. For example, if your recent bank statement is dated August 31, I would look at the bank statements from June through August and make a list of the check numbers that had been written after June 1, but had not appeared on any of the bank statements from June through August. Next to each check number write the dollar amount of each check. Subtract the total of the outstanding checks as of August 31 from the bank statement balance as of August 31. The resulting amount is the adjusted balance per bank.Next, look at the general ledger account that is associated with the bank statement. Let's assume it is the Cash account. Be certain that the Cash account shows items that appear on the recent bank statements. For example, Have the bank service charges been entered in the Cash account? Have the electronic transfers been entered? If not, you will need to make those entries. You may have to go back to earlier bank statements and enter those amounts as well.Eventually, you need to get the August 31 balance in the Cash account to be equal to the adjusted balance per bank. If the difference is not a significant amount, you can debit or credit the Cash account for the amount necessary for it to agree to the adjusted balance per bank. I would put the same amount into an income statement account such as Difference per Bank Rec. Keep a copy of your documentation and begin a file entitled Bank Reconciliations.When the September 30 bank statement arrives, prepare another bank reconciliation. Using a copy of the August 31 listing of outstanding checks, cross off the checks that cleared on the September bank statement. Prepare a September 30 listing of outstanding checks beginning with the checks not crossed off on the August 31 copy, and then add the checks written in September that did not clear on the September bank statement. The total of the outstanding checks as of September 30 should be deducted from the bank statement balance of September 30 to arrive at the adjusted balance per bank as of September 30. Be sure to enter into the Cash account the September bank service charge and other items appearing on the bank statement that have not yet been entered in the Cash account. This adjusted balance in the Cash account as of September 30 should be the same as the adjusted balance per bank as of September 30. If there is a difference, you must identify it and make any necessary adjustments.
How do you calculate Book value per share?
Look in the Company's Balance Sheet. Total Assets -Total Liabilities ______________________ = Book Value per share Outstanding Shares
Check 1111 for 19.72 check 1112 for 9.50 and check 1113 for 35.00 have not cleared the bank what is the total amount of outstanding checks?
The total amount of outstanding checks is 64.22 is arises as a result of adding the amount of checks 1111, 1112 and 1113 which have not cleared.
What is the total of the outstanding checks 17.50 and 56.72 and 63.92?
2 dollars
What should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposit of 57.50?
331.45
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15?
no
Should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposits of 57.50?
You can reconcile this bank statement by figuring out what each number means. The ending balance of 159.75 is what you currently have. The outstanding deposit of 175.46 is the amount you deposited. The Outstanding checks of 231.69 is the amount you made out in checks.
What are the disadvantages of bank reconciliation statement?
The main disadvantage of a bank reconciliation statement is that you need to be able to do basic math to reconcile your account to the statement. First, you add up all the outstanding checks. Next you add the ending balance on the statement to any outstanding deposits. You then subtract the outstanding checks from the total of the balance and the outstanding deposits. A smaller disadvantage is that it takes time and effort to reconcile your account and your statement.
What is the meaning of negative cash balance when projecting balance sheet?
Any negative cash balance represents float. It could represent the total amount of checks outstanding, checks generated and not mailed, or an unreconciled line of credit. Basically, negative cash should be booked as additional accounts payable or an increase in the outstanding borrowing on the line of credit.
How do you calculate PAR levels?
par = (total outstanding or portfolio - delequent amount)/ total portfolio or total outstanding
What is capitalization in corporation?
total value of all outstanding stock.
What is Total outstanding authorization amount?
A "Total outstanding authorization amount" is an amount (usually money) that is with held from the current running total on the account. Normally you'll see this on a bank account or credit card transaction that is pending.
How many different check designs can I pick from on checksunlimited?
On the Checksunlimited page, there are many categories of checks to choose from. On personal checks alone, there are Best Selling Checks, Classic Checks, Home and Garden Checks, Desk Sets and Side Tear Checks. In total of the personal checks there are 90 different designs for checks to choose from.
What is the total value of all outstanding federal government securities?
public debt
