a) While examining cash receipts information, the accounting department determin

Question

a) While examining cash receipts information, the accounting department determined the following information: opening cash balance $208, cash on hand $1,562.53, and cash sales per register tape $1,372.20.

Prepare the required journal entry based upon the cash count sheet.

b) The following information pertains to Ghose Company.

(a) Prepare a bank reconciliation at July 31, 2012.

c) Merrick Company expects to have a cash balance of $60,690 on January 1, 2012. These are the relevant monthly budget data for the first two months of 2012.

Prepare a cash budget for January and February.

1.
Cash balance per bank, July 31, $8,094. 2.
July bank service charge not recorded by the depositor $50. 3.
Cash balance per books, July 31, $8,130. 4.
Deposits in transit, July 31, $3,466. 5.
Note for $2,766 collected for Ghose in July by the bank, plus interest $48 less fee $32. The collection has not been recorded by Ghose, and no interest has been accrued. 6.
Outstanding checks, July 31, $698.

Explanation / Answer

how did you get feburarys opening balance ?

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