INTERMEDIATE ACCOUNTING 2, Alexandria Co. uses a four-column bank reconciliation. The bank statement reports May payments of 13,150 PDF

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Alexandria Co. uses a four-column bank reconciliation. The bank statement reports May payments of 13,150, including service charges of 200. At the beginning of May, there were 900 of checks outstanding. At the end of May, there were 1,200 of checks outstanding. Before recording the bank charges, Ale...

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6. Alexandria Co. uses a four-column bank reconciliation. The bank statement reports May payments of 13,150, including service charges of 200. At the beginning of May, there were 900 of checks outstanding. At the end of May, there were 1,200 of checks outstanding. Before recording the bank charges, Alexandria must have recorded May payments of? 13,250

7. Expedition Company sold merchandise on credit with a list price of P105,000 and a trade discount of 10%. Terms were 2/10, n/30. Which of the following entries is correct, given the indicated method of accounting for cash discounts? Net Price Method Accounts Dr. Accounts Receivable 92,610 Cr. Sales 92,610

8. The cash account GG Company shows a balance of 38,000 before reconciliation. The bank statement does not include a deposit of 2,300 made on the last day of the month. The bank statement shows a collection by the bank of 940 and a customer's check for 220 was returned because it was NSF. A customer's check for 450 was recorded on the books as 540, and a check written for 79 was recorded as 97. The correct balance in the cash account was? 38,648...