The Following Information Is Available for Ashland Company for the Month

question 77

Essay

The following information is available for Ashland Company for the month ending June 30, 2017.
* Balance as per the bank statement is $11,240.
* Balance as per books is $10,200.
* Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement.
* A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated.
* A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashland Company on June 13.
* A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20.
* The bank statement indicated service charges of $20.
Prepare bank reconciliation for Ashland Company for June 30, 2017.

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Definitions:

William James

William James was an influential American psychologist and philosopher known for his contributions to functionalism and pragmatism, as well as his work on the psychology of habit.

Body Reacts

Refers to physiological responses of the body to various stimuli, including stress, excitement, or illness, involving processes such as heart rate, hormone release, and muscle tension.

Emotion

A complex psychological state that involves a physiological response, subjective experience, and behavioral expression.

James-Lange Theory

A hypothesis proposing that the initial response of physiological stimulation happens before one actually feels an emotion.